ContentNewsCavell assist Destiny in the company defining acquisitions of Telepo & Soluno

Cavell assist Destiny in the company defining acquisitions of Telepo & Soluno

June 21, 2021
News

Cavell Group provided Commercial and Technical Diligence support to Destiny in the acquisitions of Telepo (from Mitel) and Soluno. The latest acquisition of Telepo and Soluno creates a strong Nordic market presence and a platform capability that can help power Destiny’s continued growth.

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Destiny is one of the market leading consolidators in the Cloud Communications market. Having built a strong position as a market leader in Benelux and French markets, the acquisition of Soluno provides a strong position, particularly in the Swedish market. The acquisition of Telepo from Mitel is also very interesting as Telepo brings to Destiny a scaled platform capability and indeed it was the Cloud Communications Platform used by both Soluno & Destiny and many other leading service providers.

We are thrilled to announce this exciting news of the acquisition of these two fantastic and strong companies. Thanks to the support of our investor Apax for 18 months now, Destiny is reaching the next level of its big play to own the European cloud communication space. Combining forces with Telepo and Soluno gives us owned IP, technology that is easy to adopt, use and integrate, great partners, talented local teams and ambition to invest in further developing our innovative and market leading UCaaS platform for SME’s, today and tomorrow. It also reinforces the hunger to grow Destiny as the reference for our businesses and service provider audience. Our customers are always at the heart of all our decision making. It’s the increasing levels of service and innovation that they’ll enjoy that led us to take this unprecedented step. We’ll continue to develop human-centric communication services for the cloud, and make sure they serve all our clients’ and partners’ ambitions in their local markets and specific sectors.
Daan De Wever – CEO, Destiny

Source: https://www.soluno.com/destiny-becomes-europes-largest-ucaas-provider/

 

Destiny, Telepo and Soluno Logos
Cavell Group is well known for its place at the centre of the communications industry market, providing market insight, research, events, and consulting. In the last 2 years, Cavell has also been reinforcing its position as one of the most well-regarded Commercial & Technical Diligence providers.
Cavell is excited to have supported Destiny in these deals. We are excited by the volume of M&A activity and our increasing role in providing support to companies at the forefront of that activity.
Matthew Townend – Executive Director, Cavell Group

Supporting Destiny in these deals reinforces this position as a leading provider of M&A support & Diligence. Cavell has seen unprecedented activity in the M&A space in the first 6 months of 2021 and believes we will see many more announcements from different companies in the upcoming weeks.

For further information please contact matthew.townend@cavellgroup.com

About Cavell

Cavell Group is an EMEA focused Research, Consulting, Engineering and Education Services business with offices in Amsterdam, Brussels, and London as well as remote associates worldwide. Known as a leading provider of insight into the cloud communications and managed services markets, a key source of market intelligence for Service Providers, Vendors and potential investors, Cavell Group was formed nearly 20 years ago, by a team of Senior Executives, who had been instrumental in building the early internet market both at UUNET and Level 3. Since 2003 the firm has delivered Consulting Services, Research, Due Diligence and Professional Services solutions in over 50 countries around the world. Cavell have built a strong reputation as leading Analysts of the Cloud Communications market, providing Strategic Consulting and Research in EMEA and the USA to Service Providers, Vendors, Manufacturers and Private Equity firms.

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Dominic is Director of Research Services at Cavell Group and is responsible for Cavell’s research output, which is focused on the cloud communications market, both from an enterprise, channel, service provider and vendor perspective.

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