Zadarma acquires US VoIP provider VoIPVoIP
Deal News | Dec 10, 2024 | PR Newswire Cision Zadarma
Zadarma, a leading European VoIP provider, has announced the acquisition of US-based VoIP operator VoIPVoIP. This strategic transaction, set to be completed in 2024, aims to enhance Zadarma's presence in the North American market and broaden the service offerings for the customers of both companies. Zadarma's comprehensive platform features advanced capabilities such as virtual phone numbers, cloud PBX systems, voice recognition, CRM integrations, and customizable applications. These services will now be available to VoIPVoIP's client base, while existing Zadarma customers in the US will benefit from services provided by US-based and FCC-approved operators. Founded in 2006, Zadarma is a private VoIP provider with a strong European presence and products available in over 100 countries. The company is known for its cloud communication solutions, multilingual support, and innovative customer-focused services. VoIPVoIP, the consumer division of Kosmaz Technologies LLC, was founded in 2005 and offers broadband Internet telephony solutions. It operates with its own network infrastructure, serving both residential and commercial customers in over 50 countries. The acquisition promises a seamless service transition and explores new growth opportunities for both companies.
Sectors
- Telecommunications
- Technology
Geography
- United States – VoIPVoIP is a US-based company, indicating significant geographical relevance as it expands Zadarma's presence in the US market.
- Europe – Zadarma, the acquiring company, is a European VoIP provider with offices across multiple European countries, highlighting its geographical roots and expansion strategy.
Industry
- Telecommunications – The article focuses on the telecommunications industry, specifically discussing VoIP services and market expansion.
- Technology – The acquisition involves technology companies providing cloud and VoIP communication solutions, showcasing innovation in tech-driven services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zadarma | Acquirer | Company | A European VoIP provider expanding its service offerings and geographic reach through acquisitions. |
| VoIPVoIP | Target | Company | A US-based VoIP service provider, part of Kosmaz Technologies LLC, being acquired by Zadarma. |
| Kosmaz Technologies LLC | Selling Company | Company | The parent company of VoIPVoIP, involved in the sale of its VoIP division. |