Coronavirus impact: 2 July - nice acquisition for one of AIM’s lockdown stars
With remote working enforced on much of the world, this AIM listed provider of cloud based communication services is seeing high levels of interest in its offerings
Gamma Communications: acquisition supports European ambitionsGamma Communications (LON:GAMA), the leading technology-based provider of communications services and one of AIM’s largest companies, has acquired an 80% stake in HFO, one of the leading SIP Trunk providers in Germany. Headquartered in Oberkotzau, Bavaria, HFO employs approximately 150 people and operates nationwide in Germany through a reseller network of over 1,000 partners. As part of its stated European expansion strategy, Gamma had previously identified Germany as a key target geography. With an overall market of c.36 million PBX seats (almost twice the UK market size) but a cloud penetration of only c6% (one…