London-based unified communications company TelcoSwitch has secured a substantial investment to fund the SureVoIP acquisition, the third in just seven months.
As part of this transaction, TelcoSwitch will acquire an Aberdeen office, its third regional office in the UK, and integrate the SureVoIP team into the broader TelcoSwitch group, expanding the company’s footprint in the northern regions of the UK.
SureVoIP founder and CEO Gavin Henry will also join the TelcoSwitch Group as the newly appointed Chief Information Officer.
TelcoSwitch specializes in unified communications, enabling companies to communicate and collaborate using software that provides voice, video, group conferencing, messaging, call recording and compliance solutions – all through innovative monthly subscription models.
This investment by BOOST & Co will support the acquisition of SureVoIP, which strengthens TelcoSwitch’s status as an enterprise network carrier while increasing the company’s resilience through data centers in London and Edinburgh.
The transaction will also add valuable intellectual property to the TelcoSwitch portfolio and increase the company’s ability to offer more services to households as the UK shuts down all public telephone networks by 2025.
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Paul Landsman, TelcoSwitch’s Chief Financial Officer, said, “Having previously worked with the BOOST & Co team, it is great to continue this partnership by helping them acquire SureVoIP.
“This transaction provides us with a great opportunity to improve the TelcoSwitch offering by strengthening our intellectual property portfolio and adding valuable expertise to the small office and micro business market.
“In an exciting time for business, we are grateful to the BOOST & Co team and confident that our ambitious expansion plans can be realized with their support.”
BOOST & Co began working with TelcoSwitch in late 2020 and helped accelerate the company’s ambitious expansion plans.