A Basingstoke-headquartered communications provider has expanded with the acquisition of cloud telephony specialist X-on.
The Woodbridge company has more than 20 years of experience working with thousands of customers across a number of industries.
It now becomes subsidiary of £110 million parent outfit Southern Communications Group (SCG), in a move providing it with access to funding to accelerate expansion from its core primary care base to wider networks.
The acquisition will also enable X-on to capitalise on soaring demand for its flagship Surgery Connect cloud telephony product for GP practices and develop new products and services.
SCG will extend its existing foothold in the primary care communications market to wider potential industries.
Paul Bensley, who will continue as X-on chief executive under the acquisition, said: "This is a very exciting time for our company and our acquisition by SCG is the right decision at the right time to ensure we have the crucial funding to help us realise our true trajectory within the growing digital healthcare market.
"We're very much looking forward to collaborating with our new parent to further strengthen our position as a key player in the market whilst maintaining our enviable reputation for exemplary customer service.
"We see huge opportunity from this agreement."
Paul Bradford, chief executive of SCG, added: "X-on has an incredible presence in the primary care cloud telephony market, making it one of the strongest competitors in this space.
"Our acquisition supercharges X-on towards a new level of growth as the demand for cloud telephony in the primary care and wider healthcare markets continues to escalate. We see X-on as an unstoppable force in the future and its expansion will reach far beyond those markets."
Lake Falconer of PEM Corporate Finance acted on the deal.