27 March 2015: SIPHON, an award-winning, Cwmbran–based solutions provider of advanced voice and unified communications (UC) technology, has secured a substantial equity investment from Finance Wales.
Since it was established in 2009, SIPHON has achieved impressive organic growth, doubling its revenues year-on-year. The investment from Finance Wales will accelerate the next phase of its growth plan as SIPHON looks to increase its presence in the UK and Benelux, as well as expanding into other European markets.
“Securing this investment is a significant milestone for SIPHON and demonstrates Finance Wales’ confidence in our business model as well as in our professional and technical expertise. Finance Wales’ investment provides us with the capital to continue the rapid expansion of SIPHON and achieve a further step-change in our growth. A high-calibre team of knowledge workers is integral to our success at SIPHON and we expect an active recruitment drive over the next two years to keep pace with our growing business.” explained Steve Harris, co-founder and Managing Director of SIPHON.
Rob Smith, co-founder and Technical Director at SIPHON added: “As SIPHON has grown over the last 6 years, we’ve expanded our portfolio-offering to encompass Cloud Infrastructure and Cloud Services, as well as targeting the wealth of deployment and integration opportunities for enabling real-time communications within Microsoft UC environments. Steve and I decided that securing equity investment from a long-term backer would help us take SIPHON to the next level. We chose Finance Wales because they took the time to understand our business in depth and structured an investment that would act as a catalyst for our future expansion.”
Senior Investment Executive, Stephen Stolliday and Investment Executive, Leanna Davies structured Finance Wales’ investment. Commenting on the investment, Stephen Stolliday said: “SIPHON has a strong product portfolio supported by a comprehensive suite of professional services. It’s a combination that enables SIPHON to deliver innovative, end-to-end solutions to its world-class customer base. The company has an impressive management team with an enviable reputation and expertise across a broad range of UC value propositions. With Finance Wales’ backing, SIPHON is well placed to take advantage of an exciting time in the telecoms sector and scale up its operations.”
Leanna Davies added: “SIPHON has quickly established a notable reputation for enabling customer-centric, unified communications solutions, leading to an order book that’s a very healthy mix of new and repeat business. With its unrivalled combination of technical expertise, quality of support and distribution capabilities, SIPHON is well placed to continue delivering to customers’ high expectations. We are very excited to support and fund the company’s future growth ambitions.”
In 2012, SIPHON successfully acquired VCOMM Distribution in Newbury, boosting its warehousing and logistics facilities and enabling the rapid fulfilment of Customer Premise Equipment (CPE) contracts. The company has continued to enhance its portfolio, recently establishing a Microsoft UC Technology Practice.
SIPHON has won number of prestigious awards from its vendor partner community. Last month it was named Polycom Partner of the Year 2014 for EMEA (West) at Team Polycom 2015 in Orlando, Florida and in September 2014, SIPHON was named Partner of the Year by call recording vendor OrecX.