March 20, 2018
Destiny, a provider of cloud communication solutions for innovative enterprises in Belgium, has acquired Motto Communications and its cloud distribution platform, FLUX. The acquisition corresponds with Destiny’s short-term growth ambitions to increase its revenue to fifty million euros and to have a presence in multiple countries.
In Belgium, Destiny has been the leading provider of cloud communication solutions for many years. With the Destiny cloud interaction platform, organizations are able to communicate more effectively with any device from any location, given that telecom and IT seamlessly integrate in the underlying architecture. This enables Destiny to offer highly flexible and scalable solutions that perfectly suit the needs of the customer and are customizable in the future.
With FLUX, Motto Communications developed a leading portal for cloud services in which partners and resellers can very quickly and easily offer the right solutions to end customers. This integrated cloud distribution platform further refines the scalability of the Destiny offering and is an exceptional tool for Destiny and its partners in creating and managing a suitable cloud environment for customers.
Q Advisors, a global TMT investment banking boutique, acted as the exclusive financial advisor to Motto Communications in connection with the transaction.
Read the full announcement here.
About Motto Communications
Motto Communications believes that business partners, as specialists and intermediaries, are optimal parties for delivering the cloud-based workplace, including connectivity. With the online cloud distribution portal FLUX Motto offers business partners the ability to mix and match the best suited IT and telecommunications services for their customers, and deliver these real-time, and under their own brand. FLUX is cloud distribution platform in the cloud, that allows business partners to combine, sell, deliver, invoice and manage all imaginable cloud-based IT, telecoms and networking services. Motto also offers partners technical, administrative and legal support. Over 200 partners and thousands of end users rely on FLUX and Motto for their business critical communications. Motto services are deployed from four data centers in three countries and have received multiple awards, like the Deloitte Fast 50 and an FD Gazelle Award. Motto was founded in 2007 and employs a team of forty professionals from its main office in the Dutch city of Heerlen and its sales office is based in Amsterdam.
About Destiny Destiny, founded in 2008, is a provider of cloud communications solutions and mainly focuses on innovative companies. With 100 employees and an annual turnover of 28 million euros, the telecom company became the fastest growing B2B telecom player in Belgium. With the Destiny cloud interaction platform, companies are able to communicate more efficiently with any device and from any location, because telecom and IT integrate seamlessly in the underlying architecture. This allows Destiny to offer highly flexible and scalable solutions that are a perfect fit for the customer’s needs and customizable for future customers. Destiny’s network guarantees speed and thorough service for more than 4,500 professional customers, including renowned companies like Katoennatie, Cevora, McDonalds, Standaard Boekhandel, Ecover, ZEB, Antargaz, Gabriels and Würth.
We hired Q Advisors to help us explore strategic alternatives due to their market-leading experience in the global UCaaS space. They did not disappoint and ran a competitive process that resulted in a combination with Destiny and Mentha Capital that will take Motto, our customers, and employees to the next level. We look forward to our continued partnership with the Q team.Kay Reijnen, Founder, Motto Communications