Soluno BC AB

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Soluno BC AB - overview

Established

2017

Location

Stockholm, -, Sweden

Primary Industry

Telecoms

About

Soluno BC AB is a telecommunications company based in Stockholm, Sweden, specializing in cloud communications solutions that enhance business collaboration and interaction through advanced Unified Communications as a Service (UCaaS). Founded in 2017, Soluno BC AB operates from its headquarters in Stockholm, Sweden, providing innovative cloud communication services. The company was part of a recent acquisition by Actionstep on September 22, 2023. The acquisition aims to integrate Soluno's offerings into a comprehensive practice management and accounting software platform for midsize law firms in North America.


The founder's details are not publicly available. Soluno BC AB specializes in cloud communication solutions to improve business interactions. Its primary offerings include a suite of Unified Communications as a Service (UCaaS) products that facilitate voice, video, and messaging communication across multiple devices. The services cater to various markets, including Belgium, Denmark, France, Germany, the Netherlands, and Sweden, targeting service providers and local businesses aimed at enhancing their communication infrastructure.


In the most recent financial year 2022, Soluno BC AB reported revenue of USD 25. 91 mn and an EBITDA of USD 5. 83 mn. The revenue is generated primarily through subscription models for their cloud communication services, ensuring consistent earnings through partnerships and direct sales to businesses.


Following the acquisition by Actionstep, Soluno BC AB will focus on integrating its cloud communication solutions into a broader software platform. This integration aims to enhance service offerings for midsize law firms across the United States and Canada. The funds from the acquisition will support this strategic shift while also helping to develop new products tailored to these markets.


Current Investors

Seven2, Destiny NV

Primary Industry

Telecoms

Sub Industries

Software, Telecoms

Website

www.soluno.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Soluno BC AB - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSoluno BC AB-
Add-on, Trade SaleCompletedSoluno BC AB-
Add-on, Trade SaleCompletedSoluno BC AB-
Add-onCompletedNetNordic Group AS' Cloud Telephony Division-
BuyoutCompletedSoluno BC AB-

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