DGAP-News: NFON reinforces European expansion by expanding its partner network
DGAP-News: NFON AG
/ Key word(s): Market Report/Market Report
Corporate News NFON reinforces European expansion by expanding its partner network - Europe-wide partner network expanded to around 2,700 partners - Local partner networks extended especially in the important markets of Spain, Italy and France - Diverse partners allow access to different customer groups Munich, May 5, 2020 - NFON AG (together with its subsidiaries "NFON" or the "Company"), the only pan-European cloud PBX provider, is expanding its partner network in new and existing markets. In order to ensure the successful development of the Company, NFON will, on the one hand, focus on exploiting cross- and upselling potential within its current customer base. On the other hand, consistently continuing to acquire new customers represents an important strategic component. Sales are conducted via five channels with a clear focus on indirect partner sales. Besides the expansion of the partner network in existing markets, significant progress was made in the important European markets of Spain, Italy and France, in particular. NFON founded new subsidiaries in Italy and France in the past fiscal year in line with its expansion strategy and started sales activities there. In keeping with NFON's market entry model, a team of sales and service staff was initially established. They have been concentrating on building the partner network since the end of 2019. Thanks to the newly acquired partners, NFON now has a Europe-wide network of more than 2,700 partners in 15 countries. César Flores Rodríguez, NFON CSO, comments as follows: "Our partner network comprised of established providers of hardware and/or consulting services enables NFON to quickly gain a foothold in new markets and to reach and expand further customer groups in a resource-efficient manner. Furthermore, the partner network acts as a multiplier for our innovative communication solutions. With the expansion of our partner network, we achieve greater penetration into the important markets in Spain, Italy and France." The partners are as diverse and different as NFON's customers. Lantech Longwave and Eudata are among the new partners in Italy, for example. Both companies are leading system integrators in the country. With Nvoice for Microsoft Teams, they can offer their customers a unified work environment and communication solution. Nvoice integrates the telephone system from the cloud directly into the interface of the collaboration software Teams, enabling seamless online collaboration in one environment without having to change the software interface. Thanks to the cooperation with NFON, these companies can offer their customers a comprehensive range of services at a high-quality level. The supplier Connexing was won as a partner in France as well as in Italy. Connexing offers its customers professional telephone equipment, including innovative conference and collaboration solutions. NFON as the only pan-European supplier scores with Connexing as a reliable partner also beyond national borders. In Spain, the distributor WIFIDOM, among others, has been signed up. The renowned partners jointly offer end customers NFON's core product Cloudya, premium solutions such as Nvoice for Microsoft Teams, Neorecording, Ncontactcenter, Nhospitality and desktop phones. The motto: Everything from a single source. Here, NFON's offer is the perfect complement and enables quick deployment of the new solutions at the customer's site. "The variety of partners allows us to address many different companies. Whether these are regional differences, or industry specialists, or simply companies of different sizes. We are thus creating an excellent basis to become the number 1 for cloud telephony in Europe thanks to our reliable services," summarizes NFON CEO & CFO, Hans Szymanski. Investor Relations Contact NFON AG Media Contact NFON AG About NFON AG Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider - counting more than 40,000 companies across 15 European countries as its customers. With Cloudya, NFON offers an easy-to-use, independent and reliable solution for advanced cloud business communications. Further premium and industry solutions complete the portfolio in the field of cloud communications. With our intuitive communications solutions, we enable European companies to improve their work a little, every single day. NFON is the new freedom in business communication. https://corporate.nfon.com/de/ Disclaimer This announcement is not an offer of securities for sale in the United States of America. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act. No public offering of securities of the Company is being made in the United States of America and the information contained herein does not constitute an offering of securities for sale in the United States of America, Canada, Australia, Japan or any other jurisdiction in which such offering would be unlawful. This announcement is not for release, publication or distribution directly or indirectly in or into the United States of America, Australia, Canada, Japan or any other jurisdiction in which the distribution or release would be unlawful or to U.S. persons.
05.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | NFON AG |
Machtlfinger Straße 7 | |
81379 Munich | |
Germany | |
Phone: | +49 89 453 00 0 |
E-mail: | [email protected] |
Internet: | www.nfon.com |
ISIN: | DE000A0N4N52 |
WKN: | A0N4N5 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1036353 |
End of News | DGAP News Service |
|
1036353 05.05.2020
NFON AG Stock
The community is currently still undecided about NFON AG with 2 Buy predictions and 0 Sell predictions.
With a target price of 8 € there is a positive potential of 29.03% for NFON AG compared to the current price of 6.2 €.