TelcoSwitch has announced it has acquired Coventry-based PBX Hosting Ltd for £4.5 million. The company will continue to trade independently post-acquisition, with PBX Hosting’s management team and staff remaining in place.
The deal adds 32,000 active users and channel partners to the TelcoSwitch Group, and PBX Hosting will be able to access additional sales, account management, DevOps, marketing, and technical support. PBX Hosting’s channel partners will also be able to access UCaaS products from the wider TelcoSwitch Group.
Russell Lux, CEO at TelcoSwitch, said, “Acquisition activity is key for us as we expand our UCaaS intellectual property and footprint of channel partners. The PBX Hosting team have built a successful business, underpinned by great technology and a loyal customer base.
“We’re looking forward to welcoming them into the TelcoSwitch Group and exploring the opportunity to add further value to their customers and partners through the wider product portfolio.”
Stuart Gibson, CEO at PBX Hosting, added, “Russell and his team have built a rapidly growing and highly successful Tech Track 100 business. Both our companies are extremely well aligned on ethos, technology and how we support our partners, which is why TelcoSwitch is the ideal home for PBX Hosting. We can’t wait to get started in enhancing our offering to our collective partners and customers.”
The acquisition is TelcoSwitch’s second of 2021, following its OneVoice deal in January. In the same month, TelcoSwitch secured £4 million in growth capital funding that it said would accelerate its merger and acquisition strategy, product development, and recruitment activity.