Paris, 21 June 2021. Destiny, the UCaas platform provider, which Apax invested in January 2020, just announced the acquisitions of 100% of Telepo and 100% of Soluno, two Sweden-based UCaaS platforms.
Apax’s ambitions to make Destiny becoming the leading European, SME-focused, secure cloud communication provider is surging forward. Today, the Belgian secure cloud communication provider signed two strategic acquisitions that instantly launches Destiny to the top position in the European UCaas market.
Over the past 18 months, Destiny sales will have almost tripled and Destiny has closed 10 build-ups. The acquisition of Telepo and Soluno make Destiny the number 1 in European cloud communication solutions for SME’s and service providers and places it amongst the biggest players in the world, with over €170m turnover and 2 million multi-tenant seats.
The services of Destiny and Sweden-based Telepo already have proven to be a perfect match. Telepo’s UCaas-platform will be Destiny’s second UCaaS platform, deployed group-wide and be leveraged in future expansions. At the same time, Telepo strengthens Destiny’s Service Provider channel. With Soluno, also Sweden-based, Destiny adds a well-known UCaas provider to the Destiny Group that gives the company access to the Nordic market.
This leap will trigger further investment in developing the innovative, market leading, SME-focused and scalable UCaaS platform – deploying it in the existing Destiny markets and in new countries, across all channels. As a result, Destiny creates a new market force in the UCaaS European market that has unparalleled competitive advantage.
Thomas de Villeneuve, Partner at Apax :
« Apax is extremely pleased to support Destiny in its amazing journey. Destiny has built a unique mobile first and cloud native platform that brings the most advanced UCaaS features in an easy-to-use and seamless way to every SME. With the simultaneous acquisitions of Telepo and Soluno, Destiny is becoming the number 1 leader in European cloud communication solutions for SMEs and service providers. It also adds Sweden, one of the most advanced UCaaS and mobile market in the world, among its core geographies. Destiny’s sales and EBITDA have almost tripled since we invested less than 18 months ago, while no compromise has been made on the integration and scaling. We are fully focused and determined to build together with Daan and Samuel de Wever and their team the leading integrated UCaaS player in Europe. »
Daan De Wever, CEO Destiny:
“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.”
