Damovo

Damovo is a provider of information and communication technology services. The company, owned by Global Growth, has a regional presence across Europe, the Americas and APAC, with a global support capability spanning over 150 countries.

Damovo
Private company
IndustryTelecommunications
Founded2001 in Düsseldorf, Germany
OwnerGlobal Growth
Websitewww.damovo.com/ 

History

Damovo was formerly a division of the Swedish telecoms group Ericsson. In 2001, the London-based Apax Partners acquired and spun off the direct sales and service operations division into a separate company in a management buy out led by Pearse Flynn.[1][2] At the time Damovo was based in Glasgow, Scotland.[2] Flynn served as chief executive of the company until 2003.[3] In December 2006 Apax handed over its entire equity stake in the company to its creditors.[1][2]

In January 2015 Damovo Europe was acquired by Oakley Capital Equity II. Matthew Riley, founder of the Daisy Group, was appointed Executive Chairman. Damovo UK was also acquired by Daisy in a separate deal.[4][5]

In August 2015 Damovo acquired the voice and unified communications business of Centre de Télécommunications et Téléinformatiques Luxembourgeois (CTTL) in Luxembourg. This was the first acquisition by Damovo, since it was acquired by Oakley Capital earlier in the year.[6]

In November 2016 Damovo completed the acquisition of Netfarmers GmbH – a Germany-based company focused in unified communications, security and networking.[7] In June 2017 Damovo acquired of Swiss-based Voice & Data Network AG (Vodanet).[8]

Damovo was acquired by the American investment fund Global Growth in July 2018.[9]

Products

The Damovo portfolio includes solutions in the areas of Unified Communications & Collaboration, Enterprise Networks, Contact Centers, Cloud Services and Global Services.

Main technology partners are Avaya, Cisco, Microsoft and Mitel.

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gollark: When it's any higher than that, I'd say.
gollark: 100M¢.
gollark: Because of quirks in it it actually is profitable though. I thought it wasn't but there's some weirdness.
gollark: I mean, it's very weird and not too similar to real stock markets.

References
  1. Power, Helen (17 December 2006). "Apax hands Damovo to creditors". The Telegraph. ISSN 0307-1235. Retrieved 28 November 2018.
  2. "Creditors taking control of Damovo – FT". Reuters. 20 January 2007. Retrieved 28 November 2018.
  3. "Damovo chief resigns after row with financial backers Flynn dismayed as telecoms specialist's buying spree is halted". The Herald. 6 August 2003. Retrieved 28 November 2018.
  4. Roue, Lucy (6 July 2018). "Daisy founder part of £124m exit deal following sale of Damovo Group". Manchester Evening News. Retrieved 28 November 2018.
  5. Roue, Lucy (30 January 2015). "Daisy Group acquires unified communications provider Damovo UK". Manchester Evening News. Retrieved 28 November 2018.
  6. Trendall, Sam (5 August 2015). "Damovo begins M&A drive with buyout to boost Benelux business". Channelnomics. Retrieved 28 November 2018.
  7. Lösel, Sylvia (17 November 2016). "Damovo kauft Netfarmers". IT-Business.de. Vogel Communications. Retrieved 28 November 2018.
  8. Trendall, Sam (2 June 2017). "Damovo snaps up Swiss Avaya house Vodanet | Channelnomics". Channelnomics. Retrieved 28 November 2018.
  9. Fildes, Nic (6 July 2018). "Eli Global enters Europe's cloud computing market with Damovo deal". Financial Times. Retrieved 28 November 2018.
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