Contact

IT SERVICES: VOZTELECOM BUYS NETHITS


, ,
Integral service around a transaction
BY : Diego GutiérrezNovember Fri, 2019

VozTelecom, a Spanish cloud operations operator, has reached an agreement in principle to acquire 100% of the share capital of Nethits Telecom Solutions, a Seville-based IT solutions company.

There is increasing access to more and more information, and managing it is a vital necessity.

IT services are tools for the storage, management or viewing of information to be used both at the personal level and in business processes.

Today, they are the protagonists in many companies and of numerous movements in corporate finance in the sector.

VOZTELECOM

Founded in 2003, VozTelecom is a Spanish company dedicated to the provision of cloud communication and IP telephony services for companies..

With a staff of more than 130 professionals, last year it achieved revenues of €10.5m, 8.3m more than in 2017.

At this point, it should be noted that it has been listed on the Alternative Stock Market since July 2016.

This November, it announced that it had reached an agreement in principle for the procurement of the 100% of Nethits Telecom Solutions.

The total purchase price amounts to 2,2M€ in cash.

A part of the payment has been agreed as contingent, earn-outThe new transaction would be financed entirely from resources available on the group's balance sheet, but without increasing indebtedness.

In other words, the transaction would not entail any carve-out for its shareholders.

TRADE CAPACITY IN ANDALUSIA

If finally approved, the purchase will increase Voztelecom's commercial capacity in Andalusia, one of the geographic areas with the highest growth potential.

Its current low penetration in this autonomous community is a fact, compared to Madrid and Catalonia. There, its commercial capillarity is greater as it has concentrated its commercial activity since its beginnings.

In this sense, with Nethits it will be able to develop and give a better support to the network of distributors and service points of the group in Andalusia from Seville.

To date, this activity has been managed from Madrid.

The Isla de la Cartuja also adds a Data Processing Centre to its existing centres in San Sebastian, Madrid and Barcelona.

The transaction will also enable Voztelecom to do two other things:

  • Increase its portfolio of business customers to whom it can provide its Centrex communications service.
  • Expanding its competencies to address the segment of the contact-center.

SECOND PURCHASE

This is not the firm's first purchase.

Last July, it acquired ComyMediaa a Basque company based in San Sebastian, which provides IT services and solutions to companies. for more than twenty years.

This operation enabled it to expand its commercial capillarity in the Basque Country, as well as its range of solutions for the business segment.

With the purchase of Nethits, Voztelecom also fulfils one of the main objectives of its strategic plan presented at the beginning of 2018: to accelerate the planned organic growth through inorganic operations.

This latest development reinforces its leading position in Spain as the leading operator in cloud communications for enterprises.

NETHITS

Nethits is a global provider of advanced solutions in the ICT sector.

He has more than 13 years of experience as an agent in the telecommunications sector, both as a Telecommunications Operator and as a Technology Integrator specialising in the hotel sector.

In 2018, it achieved a net income of €2.1m. and an Ebitda of more than 400,000 euros.

These figures are mainly due to two facts:

On the one hand, to its offer of cloud services to Andalusian SMEs, and on the other hand, to turnkey projects and infrastructure operation for Andalusian customers. contact-center that provide business process outsourcing services.

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
closearrow-circle-o-downchevron-downcrossmenu