NFON has entered the AI market with the acquisition of botario, a company specialising in the development and implementation of advanced solutions for business communication.
This is part of a wider business transformation that will see NFON focus more on the scalability and technological development of its product portfolio.
Patrik Heider, CEO of NFON AG, said: “This deal opens numerous opportunities for NFON to accelerate our growth while continuing to boost our profitability.
“This is our signal to start further developing AI-supported business communication and to once again push ahead with digitalisation.”
The transformation process saw NFON report 3.3% revenue growth for the first half of 2024 to €42.5m
Recurring revenue increased by 4.4%, to €40.1m and its share of total revenue increased to 94.3%
Adjusted EBITDA improved significantly by 62.3%, to €5.5m.