LeadDesk enhances its position in Norway's CCaaS market by acquiring Telemagic, aiming to leverage AI technologies for improved customer service and operational efficiency.
Target Company Overview
LeadDesk, a prominent provider of AI-enabled cloud-based contact center software in Europe, has recently acquired Telemagic, a Contact Center as a Service (CCaaS) provider based in Norway. This strategic acquisition aims to enhance LeadDesk's presence in the Nordic market, particularly in Norway, where Telemagic has established a robust customer base.
Olli Nokso-Koivisto, CEO of LeadDesk, expressed enthusiasm about the merger, highlighting that this acquisition will not only fortify their market position but also expand service offerings to Telemagic’s clientele. LeadDesk facilitates efficient management of millions of customer interactions annually across Europe, and this merger is poised to amplify those capabilities.
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Industry Overview in Norway
The CCaaS industry in Norway is characterized by a competitive landscape with various players contributing to a fragmented market. As businesses increasingly adopt AI technologies for enhanced customer
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LeadDesk
invested in
Telemagic
in 2023
in a Buy & Build / Roll-Up deal
Disclosed details
Transaction Size: $1M
Revenue: $1M
EBITDA: $0M
Enterprise Value: $1M
Multiples
EV/EBITDA: -33.7x
EV/Revenue: 0.8x