18 January 2018
Private equity investor Waterland has acquired UC specialist Swyx Solutions for an undisclosed sum.
It’s claimed the deal will enable Waterland to strengthen its software and IT portfolio, while Swyx will benefit with new opportunities for European expansion.
Swyx is headquartered in Dortmund, Germany and currently also has offices in the UK and France.
The firm says its communications software offers mid-sized businesses the complete functionality of PBXs as well enabling them to accelerate business processes.
With its SwyxON cloud service, the company adds that it is increasingly focusing on the growing demand for cloud solutions and says its international share of sales is currently around 10 per cent.
Boasting about the Swyx’s past as well as its future, CEO and co-founder Dr. Ralf Ebbinghaus says: “In 1999, we started to make the classic telephone system superfluous – and at the same time enable companies to communicate more efficiently and make their processes more productive.
“One year before our 20th anniversary, with the new shareholder we are now on our way to become Europe’s market leader in IP-based corporate communications.”
Germany-based Waterland currently manages €6 billion of investor commitments.
It is already said to be successfully managing various companies in the IT sector. For example, its portfolio includes global financial software firm Hanse Orga Group, and hosting specialist Intelligent Group in the Netherlands.