Belgium-headquartered Destiny has acquired unified communications as-a-service companies Telepo and Soluno, which are both based in Sweden.
As a result of the acquisitions, Destiny says it will now have a €170m turnover and 2m unified comms multi-tenant seats under its management, with a focus on serving SMEs and managed service providers.
Earlier this month, Destiny acquired France's IPLine to expand its data hosting and security services business - gaining six data centres into the bargain. That deal came shortly after buying Alliantel in France too, which specialises in the same markets as IPLine.
After the IPLine capture, Destiny said it expected to reach a turnover of €120m in 2021, so the latest acquisitions seem to have added a further €50m to the pot.
Daan De Wever (pictured), CEO of Destiny, said of the latest deals: “This is the next level of Destiny's big play to own the European cloud communication space. Our combined forces give us our own IP; technology that is easy to adopt, use and integrate; great partners; talented local teams and the ambition to invest in further developing our UCaaS offering.”
Destiny had been using the Telepo platform to deliver UCaaS services in the Benelux region.
Rami Houbby, general manager at Telepo, said: “This is an important and transformational step for Telepo and its service provider partners. Destiny will be able to standardise on Telepo and the Telepo team will benefit from Destiny's strategy and resources to support our service provider partners to compete and win in their markets.”
Since Soluno was also using Telepo's platform, there will be no technological changes for their employees and clients.
Patrik Sörqvist, CEO of Soluno, added: “Soluno has constantly generated strong organic growth by providing our channels and end customers with innovation that enables easy-to-use and future proof business communications. By joining the Destiny family our European vision is a reality and we will together transform the European UCaaS market.”
The expanded Destiny group will comprise of more than 600 employees in six countries, including Belgium, the Netherlands, France, Sweden, Germany and the UK, with total sales expected to reach €170m in 2021.
The value of the two acquisitions has not been disclosed. Telepo was previously a division of UCaaS vendor Mitel based in Stockholm, Sweden.
