TelcoSwitch has secured £4m in growth capital to boost its M&A ambitions.

The injection comes in the form of £2.5m from investment firm BOOST&Co, alongside £1.5m from existing investors.

TelcoSwitch CEO Russell Lux said: “2020 was an exceptional year for TelcoSwitch.

“We’ve enjoyed record sales and ranked as one of the fastest growing technology companies in UK.

“We’ve worked extremely hard to get to this point, and now have a hugely supportive partner in BOOST&Co to help us drive the business forward, continue acquiring other relevant businesses, and accelerate the growth of our base.”

The UCaaS and CCaaS provider said it grew the number of seats on its unified comms platform by 45 per cent year on year in 2020.

It claims to have three acquisitions “underway in exclusivity” at the moment, which it said will broaden its portfolio and customer base if completed.

Any deal would add to the takeover of CPaaS provider Ziron last year.

As part of its expansion plans TelcoSwitch will also double its office space over the course of this year, it said, to facilitate up to 100 employees.

It added that a key focus this year will be bolstering its channel partner base.



from UC Today https://ift.tt/3hOYGgT