- Type of finance
- Business need
Growing a business
We have grown significantly over the last three years. The investment from the Development Bank of Wales has enabled us to achieve international growth in the US and Asia.
With more than 65,000 users in 21 countries, thevoicefactory provides a variety of integrated communications products to the hospitality, leisure, automotive and legal sectors – they are the only UK communications company to offer white label communications solutions to the market.
A £500,000 investment by the Development Bank of Wales in 2017 helped fund an ambitious international expansion programme including the opening of offices in Florida and California. Evolve IP, The Cloud Strategy Company™, has now completed an acquisition of thevoicefactory with the objective of expanding into new global markets.
Funding for the deal came from the Wales Business Fund, a European Regional Development Fund and Welsh Government-backed fund.