Mexedia enlarges its US footprint with external growth

16 Sep 2022 19:12 CEST

Italian tech company Mexedia SpA SB closes agreements to purchase Phonetime Inc. and Matchcom Telecommunications Inc. (together, the US companies) as part of the 2025 medium term plan which the company has set out last May.

Both companies have been partnering with Mexedia over the past, and have proven their importance in both the US and Telecom ecosystem. Phonetime and Matchcom service a wide array of customers globally, including fixed line and mobile operators, retailers, VoIP service providers and OTT players.

The US companies have been acquired by Mexedia Inc., the US subsidiary of the group, and will immediately expand their scope of service as well as customer reach, and enjoy a higher level of synergies.

Orlando Taddeo, Founder and CEO of Mexedia comments “the US market is a major market for telecoms, both in terms of expansion and innovation, in line with Mexedia's mission.” Orlando knows the US well, having spearheaded telco businesses from 2005.  "Having partnered with Phonetime and Matchcom over the years, we know these acquisitions will accelerate our growth".

More about Mexedia S.p.A. (https://mexedia.com/en/)

Mexedia is an Italian company active in the tech sector, formerly known as Airtime Partecipazioni. It has been listed in France on Euronext Growth Paris since September 2021 (ISIN: IT0005450819).

Mexedia offers innovative solutions and consolidated tools encapsulated in a single integrated technology ecosystem to enable companies to manage all customer communication activities.

Founded by serial entrepreneur Orlando Taddeo, it generated consolidated revenues of 131 million euros in 2021 with 7 millions of EBITDA.

Contacts

Investor Relations

Antoine Loudenot, Citigate Dewe Rogerson

mexedia@citigatedewerogerson.com