Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
DGAP-News: NFON AG / Key word(s): Merger/Agreement
NFON AG gains large development team
- Eight additional development specialists strengthen NFON with immediate effect
- New development location in Mannheim
- NFON versus labour market
Munich, January 22, 2020 - NFON AG, the only pan-European cloud PBX provider, has gained eight highly qualified developers and software architects at the first attempt by taking over the employees of Mannheim-based Onwerk GmbH. Through an asset deal, which will become legally effective on April 1, 2020, NFON is expanding its own R&D capacities with a full-stack development team in the areas of mobile, web front and backend as well as client/server. The two founders and current managing directors of Onwerk GmbH, Marc Brauel and Jens Doose, will not only remain on board, but will actively drive the further development of NFON AG's product portfolio. Jan-Peter Koopmann, Chief Technology Officer of NFON AG: "In a very competitive labour market environment, we have succeeded in strengthening our development team with an already well-rehearsed team. Onwerk's colleagues bring with them years of experience in cross-technology software development and will provide further impetus. This means that we are off to a good start in the new year and have taken another important step on our way to becoming Europe's No. 1 for cloud telephony". With locations in Munich, Mainz, Berlin and Mannheim, NFON AG now has a total of four research and development centres in Germany.
Prospective expansion in Mannheim
Founded in 2001, Onwerk GmbH, has established itself as a software agency with strong regional roots and an efficient team. Onwerk has an excellent network and close contacts to universities in the Rhine-Main/Rhine-Neckar region. The development location in Mannheim therefore offers further potential to strengthen the NFON team and is to be expanded in the future. The transaction also offers synergy effects through the integration of Onwerk into the NFON Group with its existing organizational resources. Marc Brauel and Jens Doose are convinced of NFON: "We know NFON and its product portfolio very well. The decision to merge was also driven by us and very deliberate - the aim is to realize the diverse application possibilities in the exciting market of cloud telephony in future products". The parties have agreed not to disclose the purchase price.
NFON versus labour market
According to Hans Szymanski, Chief Executive Officer and Chief Financial Officer of NFON AG, the shortage of specialists among software architects and developers is of particular importance: "We are opening up new ways to bring specialists to NFON. The entire digital industry is on a clear growth path and we are only at the beginning. Onwerk is a great asset to the NFON group". According to the current Digital Strategy 2025* of the industry association Bitkom, the number of employees in the IT products, telecommunications and consumer electronics sectors will grow by 39,000 jobs in Germany alone in 2020.
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About NFON AG
Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider - counting more than 30,000 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/
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.
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