NFON AG: Frost & Sullivan considers NFON to be one of the European companies with great growth potential and strong innovative power

Munich, 20 October 2020 – NFON AG (together with its subsidiaries "NFON" or the "Company"), the only pan-European provider for cloud PBX providers, has developed very successfully in the first half of 2020. A success that is further confirmed by the results of a study, the global consulting firm Frost & Sullivan conducted. In the frost Radar™*: Benchmarking Future Growth Potential, Frost & Sullivan places NFON AG in the group of the ten most innovative companies in Europe in the hosted IP telephony and UCaaS market.

The study examined 120 companies that offer their services in Europe, including Great Britain. Key parameters of the analysis were scalability of innovation, R&D, product portfolio, leverage of megatrends, customer focus, growth pipeline, vision and strategy, and sales and marketing. Hans Szymanski, CEO and CFO of NFON AG, explains: "According to the consultants, the companies in the Frost Radar™ are industry leaders in terms of growth, innovation or both. They are instrumental in leading the industry into the future. To be positioned here among the top ten companies is a confirmation of our success to date and underlines how right our growth strategy is".

Two indices span the field for the evaluation of the companies: The Growth Index is the measure of a company's growth performance and track record. It shows the ability to develop and implement a growth strategy and vision, a robust growth pipeline and market, competition and end-customer oriented sales and marketing strategies. The Innovation Index defines the ability of a company to develop products, services and solutions with a clear understanding of disruptive megatrends. These should also be globally applicable, capable of being developed and expanded to serve multiple markets and changing

Hans Szymanski: "Our business model offers enormous potential for exploiting the momentum in the market. Our goal is clear: We want to become the number 1 for cloud telephony in Europe”. With a strong Europe-wide partner network of over 2,700 partners and more than 40,000 customers from 15 European countries, NFON is sending a clear signal to the market for cloud communications. COVID-19 and the drastic shift of work activities to the home office had a positive effect on NFON's growth rates in the first half of 2020. As a result, there is no longer any need to explain the existential necessity of flexible and location-independent workplaces. With its portfolio, NFON is very well prepared for this. The company will continue to exploit this momentum by further expanding its pan-European partner network, integrating additional UCaaS solutions into its product portfolio and expanding its development capacities at its new location in Portugal.

*Frost & Sullivan: Frost Radar™: Benchmarking future growth potential. European hosted IP telephony and UCaaS market. August 2020

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NFON AG
Sabina Prüser
Head of Investor Relations
+49 89 45300 134
sabina.prueser@nfon.com

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NFON AG
Thorsten Wehner
Vice President Public Relations
+49 89 45300 121
thorsten.wehner@nfon.com

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 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. www.nfon.com

Disclaimer

This communication is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of the Company. The securities discussed herein 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 absent registration or an exemption from registration under the U.S. Securities Act. There will be no public offering of the securities discussed in this release in the United States of America and the information contained in this release does not constitute an offer of securities for sale. This announcement is not for distribution, publication or transmission, directly or indirectly, to or within the United States of America, Australia, Canada, Japan or any other jurisdiction in which such distribution is unlawful, or to U.S. persons.