Cloud technology provider Firstcom Europe has strengthened its presence in DACH with its third German acquisition, telecom provider Vocatel Business Gmbh.
With operations in Germany, Sweden, Denmark, Poland and the UK, where it is headquartered, Firstcom has increased revenues from €2.9m in 2013 to €36m
in 2020 through an aggressive acquisition strategy and a focus on switching customers from traditional technologies to cloud-based unified communication products.
Over the last 14 years, Vocatel, headquartered near Dusseldorf, has built up a strong base of business customers with telephone landline connections and data lines, making it a perfect match for Firstcom.
Firstcom Europe CEO Christian Bleakley said: “We look forward to working hard to transition the Vocatel customer base to the latest cloud technology with unified communications products. This move will allow customers to seamlessly use voice, video, fax, SMS and team collaboration on the one product.”
He added: “Germany has historically not been an early adopter of cloud technologies. However, we have noticed that the landscape is rapidly changing, and we are delighted to have a foothold not too far from Dusseldorf and Essen.”
In August 2020, Firstcom Europe raised €29m from Kartesia for a senior loan facility to refinance its existing debt arrangements and support its ongoing buy and build strategy. www.firstcomeurope.co.uk