Knight Corporate Finance has announced the sale of communications provider thevoicefactory to US based cloud strategy company Evolve IP.
Knight CF has worked alongside the thevoicefactory, which is based in Cardiff and employs more than 65,000 people, providing advice and assistance on business and financial planning, enhancing its management information and planning and preparing the business for exit.
This value proposition resulted in accelerated growth and some serious interest in the company from a large international organisation.
Paul Harrison, CEO of thevoicefactory commented “Working with Knight enabled us to prepare and instill disciplines that were key to unlocking value and realising the potential of our business. When the time came, we could clearly articulate a compelling strategy for a deal that met our aspirations. These have been realised as part of the sale and we are very excited to be joining Evolve IP and thrilled with the opportunities it provides for our associates and partners.”
Paul Billingham, director at Knight Corporate Finance, added: “This is a fantastic deal for both parties and provides a perfect example of a successful and well executed exit plan. We have seen an increasing amount of interest from overseas in UK businesses, particularly for hosted platforms, and expect several more announcements this year. This deal highlights the importance of planning and strategy to ensure that your business truly stands out to investors and acquirers.”