The investment will enable Yay to deliver a solution to TelcoSwitch’s rapidly growing base of channel partners, with a product portfolio aiming to meet demands of both a next generation UCaaS proposition and the forthcoming PSTN switch-off.
Matt Mansell, Yay.com founder and CEO said that the timing is perfect to ‘unleash the power’ of the company’s platform to the channel.
“We can provision one user or 100,000 users in just seconds through our mature and feature rich platform,” Mansell said. “Combined with modern WebRTC device/desktop apps, omnichannel capabilities and much more, we will close out 2022 with a powerful punch.”
Russell Lux, TelcoSwitch founder and CEO said: “Yay.com’s proprietary solutions and its capability to deploy immediately and at scale thanks to leveraging public cloud infrastructure, make it a powerful proposition for specific segments of the channel market. We’re delighted to be able to work with Yay.com to expand our offering to channel partners and meet the demands of their end customers.”
Nick Manning, investing at QPE added: “We are very excited to be supporting Yay.com to further accelerate its growth trajectory. Matt has built a strong brand underpinned by an exceptional platform that is highly complementary to our existing partnership with TelcoSwitch.”
Yay was advised by Buzzacott (corporate finance) and Marriot Harrison (legal). QPE was advised by Osborne Clarke (legal), Wilson Partners (financial and tax), JCK (tax structuring) and Intechnica (technology).