Gigs continues to grow in the cloud, which shows with the purchase of the total capital of TPartner, a company based in Catalonia that is dedicated to offering digital switchboard services in the cloud, as well as unified communications as a service. The operation has placed the valuation of TPartner, which has a presence above all in Andalusia, Catalonia and Levante, in €11.7 million.
However, this amount, which will initially be the payment that they will receive in TPartner for all their share capital, can go up to 13.4 million euros in the event that in the period between 2021 and 2024 meet multiple growth targetsaccording to Five Days.
The payment of the amount agreed in the operation will be made in several parts. The first, of 5.85 million euros, has already been paid when the purchase agreement was signed. Gigas will pay the rest in several more phases.
TPartner’s activity, which focuses on collaborative communication solutions and the transfer of voice communications to the cloud, started in 2004, and in addition to offering the services we have mentioned, it also has other services available for the design and deployment of communication networks. company and telephone switchboards. In addition, it also provides maintenance services for these deployments. It currently has almost 50 employees, who will join the Gigas workforce, and various offices in Barcelona, Madrid, Malaga and Valencia.
Diego Cabezudo, CEO of Gigasstands out from the operation that «It complements our offer of services very well to be able to provide an integral service to our clients.«. In addition, he underlines the quality of the company’s team and points out that its experience in combining and integrating complex solutions of physical switchboards at the customer’s premises with cloud solutions is differential. Cabezudo, has indicated that they continue to examine opportunities to purchase companies in Spain and Europe. Specifically, from companies that complement their services.
