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Announced

Completed

Bandwidth completed the acquisition of Voxbone from Vitruvian Partners for €446m.

Financials

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Transaction Value£404m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales7.5x
EV/EBITDA50.51x
Share Price Premium-
One Off Charge-

Tags

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Mobile

Single Bidder

communication as a service

Majority

Acquisition

Friendly

Belgium

Cross Border

Private

Completed

Private Equity

Synopsis

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Bandwidth, an enterprise cloud communications company, completed the acquisition of Voxbone, a Belgian a communication as a service company, from Vitruvian Partners, a European private equity firm, for €446m ($527m). "We are bringing together leading domestic and international enterprise cloud communications platforms to supercharge global cloud communications for our customers. Bandwidth's deep US presence and Voxbone's world-wide platform across 60+ countries will serve enterprises in countries representing 93% of global GDP. Today's announcement accelerates our international strategy by several years. Our current and future customers will benefit from using a unified software platform, network and team to serve people around the world," David Morken, Bandwidth Co-founder, Chairman and CEO.

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