Thursday, 21 September 2017

BroadSoft increases Germany investment with finocom buy

BroadSoft
Tuesday 17 December 13

BroadSoft, Inc. today announced it is further extending its BroadCloud® unified communications (UC) services in Germany with the completion of the acquisition of finocom AG, a leading provider of cloud-delivered UC services. Germany represents Europe’s largest economy, with over 3…

BroadSoft, Inc. today announced it is further extending its BroadCloud® unified communications (UC) services in Germany with the completion of the acquisition of finocom AG, a leading provider of cloud-delivered UC services.

Germany represents Europe’s largest economy, with over 3.6 million companies and an annual telecommunications spend of just over 60 billion euros. Enterprises throughout Germany are quickly shifting from premise-based to cloud-delivered unified communications. MZA estimates that in Germany hosted UC users will increase to 2.3 million users in 2017, a 140% increase from 2012. BroadSoft® will leverage finocom’s cloud service expertise to help deliver on this market transition with the introduction of BroadCloud UC into Germany. The finocom acquisition will serve as a focal point for BroadSoft’s BroadCloud expansion into the German and Eastern European markets.

“We are excited by the growing demand for our BroadCloud capabilities throughout Europe. With the addition of finocom, we have significantly increased our investment in our cloud infrastructure in order to bring BroadCloud to Germany initially, and longer term throughout eastern Europe,” said Michael Tessler, president and chief executive officer, BroadSoft. “We are thrilled to have such an experienced senior executive team join us to scale our European operations. This team will ensure we are enabling service providers to quickly and cost effectively offer their enterprise customers a comprehensive UC solution.”

BroadCloud is a managed service, whose unified communications capabilities service providers white label to take to market. BroadCloud has the potential to:

• Accelerate time-to-market, and therefore speed time-to-revenue
• Reduce infrastructure and on-going support costs

“We could not be more excited about incorporating our technology and cloud management expertise with such a high profile company, to the benefit of enterprises throughout Germany,” said Peter Nowack, chief executive officer, fincocom. “BroadSoft has a clear, well defined growth strategy and we look forward to being a part of their cloud unified communications expansion.”

finocom’s employees will join BroadSoft as part of its expanding European team.


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