TelcoSwitch has received an undisclosed investment from Queen’s Park Equity as it hunts acquisitions.
Russell Lux, TelcoSwitch founder and CEO, said: “This is a hugely exciting time for everyone involved with TelcoSwitch.
“In under six years, we’ve grown a successful channel business that continues to challenge the status quo in our industry with powerful products and services.
“The team at QPE share our energy and enthusiasm, and we’re delighted to have their long-term support in accelerating our strategy and ambitions.”
TelcoSwitch said the investment will also be used to broaden the range of products it sells via channel partners and increase its headcount.
The firm currently supports 140,000 users but wants to hit the 400,000 mark by the end of 2024.
TelcoSwitch received £4m from investment firms last January and went on to make three acquisitions last year.
Nick Manning of Queen’s Park Equity said: “We are very excited to be supporting TelcoSwitch to build on the impressive growth the team have achieved in recent years.
“Their success is testament to both the quality of the underlying technology and the strength of the management team which has positioned TelcoSwitch perfectly to continue its exceptional growth story.”
