SAINTES, BELGIUM- June 21, 2021- Swedish cloud communications company, Telavox, announced further European expansion following its acquisition of ALLOcloud, a provider of advanced cloud communications and collaboration solutions in Belgium and France. This acquisition will unlock an attractive opportunity to further improve Telavox’s position in the French and Belgian markets.
Headquartered in Brussels, Belgium, with sales offices in France and software development and technical support in Tunisia. ALLOcloud is a tech-centric and young organisation with strong technical talent, as shown by its proprietary platform. Through a shared mission to offer busineses, service providers, and operators a best-in-class cloud communications product, ALLOcloud’s addition to the Telavox family of European companies makes for a promising partnership.
“The first thing that strikes one when you meet the people at ALLOcloud is the fantastic culture of the company: open, inclusive, and driven with a strong focus on people and customers. It has led to developing several innovative cloud features that we want to offer all Telavox partners and customers. We hope to build upon and accelerate ALLOcloud’s strong position in the Belgian market, with the help of the Telavox platform as the market advances”, says Viktor Karlsson, founder and CEO of Telavox.
“ALLOcloud has successfully been offering cloud telephony and collaboration services in Belgium and France since 2012 with a strong technology focus on software integration. Merging with Telavox is an amazing opportunity for our partners and their customers to expand their offering with one of the most advanced communication platforms in the world. The Nordics is one of the most advanced regions for Unified Communications as a Service (UCaaS) adoption, and Telavox is the undisputed leader there. We’re excited to be part of co-shaping the European market for UCaaS with this powerful alliance!”, said Jacques Gripekoven, CEO of ALLOcloud.
Q Advisors, a leading global TMT investment banking boutique, acted as the exclusive financial advisor to ALLOcloud in connection with this transaction.
Read the full announcement here.
We selected Q Advisors to be our sell side advisor due to the firm’s market leading track record in European cloud transactions and their ability to find the right partner for ALLOcloud. The Q Advisors team provided senior level guidance all the way through the transaction and ran a highly competitive process for our shareholders. We are delighted with the outcome and are excited to be part of Telavox. We highly recommend Q Advisors to any company looking to transact in the UCaaS and Managed Services space.Jacques Gripekoven, CEO, ALLOcloud