Gamma Communications to acquire VozTelecom OIGAA360 for £25.3m.

Gamma Communications, a technology-based provider of communications services to the business markets in the UK and the Netherlands, agreed to acquire VozTelecom OIGAA360, a provider of IP telephony services in Spain, for £25.3m ($33m). "As part of its stated European expansion strategy, Gamma has identified Spain as one of its key target geographies. With an overall market size of c. 18m PBX seats (slightly smaller than the UK market) and a cloud penetration of only c. 5%, the Spanish market for Cloud PBX is forecast to grow rapidly in the future," Gamma Communications.