NFON AG advances internationalization as planned by expanding into Italy
- NFON continues to consistently implement growth strategy as announced
- First partner agreements signed in Italy
- Events to build up and expand the partner network throughout Italy starting at the end of May
Munich, May 17, 2019 - NFON AG (together with its subsidiaries "NFON" or the "Company"), the only pan-European cloud PBX provider (telephone system from the cloud), is continuing to drive the internationalization of its business activities in Italy. At the end of March 2019, the company started sales activities in Italy via its newly founded subsidiary in Milan. NFON is thus already active in 14 European countries. Italy, with its workforce of around 22 million - around 18 million in small and medium-sized companies and 4.4 million in large companies - along with other countries such as the UK, Spain, France and Germany, is one of the key markets in Europe when it comes to transformation and digitalization.
Hans Szymanski, CEO and CFO of NFON AG: "With Italy, we are opening up another very attractive market in Europe as planned. With our extensive and currently unique European cloud product portfolio surrounding our core product Cloudya, we consider ourselves excellently positioned to exploit the growth potential. We want to become the number 1 for cloud telephony in Europe. The internationalization of our business activities is a key element in this endeavor. We will continue to consistently implement this growth strategy as in the past."
Since the start of sales in Italy, numerous talks have already been held with potential trading partners and 30 select partners have been invited to the first partner event in Italy on
May 23, 2019. As in the other countries in which NFON is already successfully active, it is NFON's goal to quickly and efficiently build up and sustainably strengthen its salesforce in Italy through a comprehensive and well-trained partner network. Throughout Europe, NFON currently maintains intensive relationships with over 2,000 partners. The NFON Italia Roadshow, in which further potential partners in Venice, Milan, Bologna and Turin will participate, is planned at the end of May. In addition, there will be nationwide NFON workshops in Italy on the product portfolio such as the core product Cloudya and Premium Services.
Marco Pasculli, Managing Director of NFON Italy: "The sales landscape in Italy is reacting very positively to our extensive channel offensive. We will expand the partner network as planned and let Italy participate in the European success of the NFON Group."
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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 14 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. https://corporate.nfon.com/en/
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. In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (each such person hereinafter a "relevant person"). Any person who is not a relevant person should not act or rely on this information or any of its contents. This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. Group and its subsidiaries, including assessments, estimates and forecasts regarding the financial position, business strategy, plans and objectives of management and future operations of NFON and the NFON Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the results of operations, profitability, performance or results of NFON or the NFON Group to differ materially from those expressed or implied by such forward-looking statements.
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