Vitruvian buys Voxbone

Vitruvian invested via its second fund, VIP II, which closed on £1bn in December 2013.

The sale process was managed by Credit Suisse. Vitruvian put forward its experience in the sector as well as its close relationship with management as crucial factors for winning the deal.

Voxbone's growth strategy for the coming years includes expansion into new countries and the development of new products.

Vitruvian will be backing the current management team, and usually takes an active role on the boards of its portfolio companies. 

Private equity firms have been eager to invest in cloud-based software providers lately. Recent deals include Maven injecting £500,000 into time-keeping software Rekoop and KKR's newest portfolio addition Software One, which also offers cloud services.

Company
Founded in 2005 and based in Brussels, Voxbone is a cloud-based provider of fixed, mobile and toll-free numbers. The company also offers SIP trunks, which are virtual local phone numbers. Those allow international carriers and enterprise contact centres to extend the reach of their network. Voxbone delivers inbound SIP trunks from 55 countries and 8,000 cities around the world. The company has 90 employees.

People
Itay Rosenfeld is the CEO of Voxbone. David Nahama is a senior partner at Vitruvian.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Benelux
• Buyouts
• Technology
• Belgium
• Vitruvian Partners