August 30, 2018

Cloud Communications provider TELES AG starts talks with potential strategic investors

TELES AG, a Berlin-based provider of cloud communications technology, has started initial talks with potential strategic investors. The company, which is listed on the Frankfurt Stock Exchange (Prime Standard), develops and provides software and services for Unified Communications as a Service (UCaaS), unifying the advantages of mobile and fixed communications. TELES’ customer base includes carriers and service providers in more than 65 countries, e.g. T-Mobile Austria. According to Gartner Group internet-based telecommunications with UCaaS will be the fastest-growing sector in business communications in the years to come, as companies shift from conventional infrastructure (PBX) to cloud-based services.

Together with a strategic investor TELES AG aims to boost its growth and strengthen its position on the future market of unified communications. Also due to internationally growing concerns about data security, TELES as a European technology provider expects very good sales opportunities worldwide. Alongside the search for a strategic investor, the company has also decided on a savings plan to strengthen its financial position.

TELES AG has commissioned Leo-Impact Consulting GmbH, Berlin, a consultancy company specialised in the search for investors for investment opportunities, to approach potential investors worldwide.