Belgian networking services firm Destiny Group has announced its expansion into France via the acquisition of French unified comms player OpenIP.
Destiny Group has a digital distribution platform, a portfolio of value-added networking solutions that serves both the SME and enterprise markets.
OpenIP provides internet access, SIP trunking and cloud telephony to the French SME market, with a network of more than 1,300 partners, integrators and digital services partners.
The news comes weeks after Destiny Group changed ownership, after being bought by London private equity house Apax Partners.
"This is another great next step in the international expansion of Destiny," said Destiny CEO, Daan de Weaver.
The group will be known as Destiny at the European level, while OpenIP will maintain its brand in France.
OpenIP founder and CEO Laurent Silvestri will stay on and lead the group's strategy and innovation.
He said that the group sees his home market of France as the market with the highest potential in Europe for the next three years.
"We are also considering a number of acquisitions aimed at strengthening our product portfolio and our distribution channels.
"We are currently in discussions in France and in other European countries. We hope to make one or two acquisitions in France in 2020," Silvestri said.
The merged group will have a headcount of 300 in Belgium, the Netherlands and France, with FY2019 revenues of more than €80m.
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