TelcoSwitch has added 32,000 new users and a posse of channel partners following the acquisition of Coventry-based PBX Hosting in a £4.5m deal.
PBX Hosting was founded in 2007 and will continue to trade independently post-acquisition to retain its regional brand presence but with greater support from the parent company.
The acquisition is TelcoSwitch’s second of 2021, following the OneVoice deal secured in January. It also comes after securing a £4 million funding round at the turn of the year.
TelcoSwitch CEO Russell Lux (pictured) said: “Acquisition activity is key for us as we expand our UCaaS intellectual property and footprint of channel partners.
“The PBX Hosting team have built a successful business and we are exploring the opportunity to add value to their customers and partners through the wider product portfolio.”
PBX Hosting CEO Stuart Gibson added: “Both companies are well aligned on ethos, technology and how we support partners.”