Livonia Partners announces strategic investment in leading UC&C technology provider Wildix
Original source: https://www.livoniapartners.com/article/investment-in-wildix
Wildix Co-founder and CEO Steve Osler reflects on this development: “Our commitment has always been steadfast towards advancing our products and strengthening our partner ecosystem. Our collaboration with Livonia Partners paves the way for the strategic rollout of x-hoppers, a retail-focused solution set to revolutionize the future of retail communication. By integrating AI with our advanced communication technologies, x-hoppers emerges as a future-proof solution, enabling retailers and customers to experience the next level of retail engagement and efficiency.”
Wildix's product suite, including cloud PBX, Voice-over-IP, video call connections and web collaboration, is designed for both office and frontline workers. Its pioneering integration of WebRTC technology enables seamless, secure, browser-based communications, distinguishing Wildix in a rapidly evolving industry. Headquartered in Tallinn, Wildix operates across key global markets including the United States, England, Ukraine, France, Italy, Germany, Switzerland, and Spain, backed by a robust team of over 280 employees.
Ernests Bordans from Livonia Partners added, "Partnering with Wildix is a privilege. We spent considerable time learning about the industry and Wildix's impact by interacting with its partner community worldwide. With the UCaaS market projected to grow by 20% YoY, Wildix's secure browser-based WebRTC technology solutions are well-positioned for significant expansion, as already evidenced by company’s impressive organic growth to date."
The investment also involves Livonia Partners taking a board position in Wildix. Awaiting Competition Authority approval, the transaction is expected to be finalized by January 2024.
Wildix is the first WebRTC unified communications solution. The company was founded in 2005 by the Osler brothers to develop a UCaaS solution that would disrupt the market. It currently has nearly 2 million active users across 135 countries who trust the communications and collaboration systems created by the company, delivering significant cost savings, leaner business processes and powerful results that ensure a positive ROI.
About Livonia Partners
Livonia Partners is a pan-Baltic private equity investment firm. Currently investing from EUR 157 million Fund II, Livonia team works across Estonia, Latvia, and Lithuania. Other recent investments include Stebby - the largest pan-Baltic employee wellness benefit platform, Bagfactory - a leading manufacturer of reusable non-woven carrier bags in Europe, Bestair - heat pump and green home climate solutions provider. Fund investors are Baltic and Nordic pension funds, including Swedbank, the European Bank for Reconstruction and Development, the European Investment Fund (EIF) investing through the Baltic Innovation Fund 2 (an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania, and the EIF) and others.