Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
DGAP-News: NFON AG / Key word(s): Investment/Investment
NFON AG enters into strategic partnership with Italian WebRTC pioneer
- NFON to acquire minority stake in Meetecho, an internationally recognized thought leader in WebRTC technology
- Clear commitment to the independent implementation of the NFON Group's Unified Communications strategy
- Direct access to industry-leading WebRTC expertise to accelerate the expansion of its own video tech stack
- Both companies want to jointly leverage the significant potential of Janus Server
Munich, June 24, 2021 - NFON, European provider of voice-centric business communications from the cloud, has entered into a strategic partnership with the Italian company Meetecho. As part of this partnership, NFON takes a 24.9% stake in Meetecho. At the same time, a service, and collaboration agreement was reached to jointly leverage the further potential of the Janus WebRTC Server in the product portfolios of both companies.
Dr. Klaus von Rottkay, CEO of NFON AG, sees the move as a clear commitment by NFON to its focused Unified Communications strategy: "The strategic partnership with Meetecho gives us direct access to industry-leading WebRTC know-how and accelerates the implementation of our own Unified Communications strategy. This is an important step in strengthening our independence from third-party technology in the long term."
Meetecho was founded in 2009 as a spin-off of the University of Naples and the Janus WebRTC Server was released as open-source technology. Accordingly, in addition to commercial support and licensing, Meetecho primarily offers consulting and streaming services in connection with the Janus WebRTC Server. This is based on the open web standard WebRTC (Web Real-Time Communication) and enables real-time communication, which is important for video, voice, and data transmissions. On this basis, powerful solutions for voice and video communication can be created. Due to its multifunctional and modular design and its proven performance, the Janus WebRTC Server has been adopted for their WebRTC needs by many companies and organizations, including the Internet Engineering Task Force (IETF), Alcatel-Lucent Enterprise, Twitter, Highfive and Alibaba Cloud.
Simon Pietro Romano, Co-founder and RTC Evangelist at Meetecho: "We are globally recognized experts on real-time communication and proud authors of the Janus WebRTC Server! NFON has a large customer base and a powerful sales & marketing organization, which makes them the ideal partner for us. Together we are now moving into the further development and marketing of our product portfolio. We win on both sides".
Tobia Castaldi, CEO at Meetecho, adds: "The Janus WebRTC Server will remain at the center of our business activities, so nothing will change for our users and the community, but they will benefit from the partnership at the same time. This is a classic win-win situation."
"With Cloudya, NFON offers an efficient and flexible platform for professional voice-centric business communication on which companies will be able to switch between telephony, video, or chat intuitively, easily and seamlessly in the future. With NFON, we want to become the leading provider for voice-centric business communication and continuously add unified communication and contact center solutions to our product portfolio. The strategic partnership with Meetecho offers the opportunity of accelerated expansion of our own video tech stack through targeted knowledge transfer and joint product developments. This fits perfectly into our strategy," Jan-Peter Koopmann, CTO of NFON AG adds.
With the service and collaboration agreement concluded between the two companies, NFON has therefore not only secured direct access to industry-leading know-how. Further development of the Janus WebRTC Server and joint commercialization are also at the forefront.
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About NFON AG
NFON AG, headquartered in Munich, is the European provider of voice-centric business communications from the cloud. The listed company (Frankfurt Stock Exchange, Prime Standard) includes over 2,700 partners in 15 European countries and seven subsidiaries counts more than 40,000 companies as its customers. Cloudya, NFON's core product, is the platform for easy, independent and reliable business communications for companies of all industries and sizes. Other premium and industry solutions complement the portfolio in the area of cloud communications, including UCaaS, CCaaS and, in the future, iPaaS. With our intuitive communication solutions, we accompany companies into the future of business communication. https://www.corporate.nfon.com
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.
24.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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