Circle Technology Group Ltd on South Coast accelerates growth with strategic acquisition of Tetra Networks Ltd
ACQUISITION: Axel Molist Cordina, founder and managing director of Circle Technology Group Ltd, left, alongside Paul Farr, Managing Director of Tetra Networks Ltd. The Southampton-based holding company behind circle.cloud has acquired Tetra Networks for an undisclosed six-figure sum.
Southampton-based Circle Technology Group Ltd, the company behind cloud communications innovator circle.cloud, has strategically acquired local telecommunications specialist Tetra Networks Ltd.
The acquisition increases Circle Technology Group’s total user base to approximately 10,000, marking a “significant milestone toward achieving its ambitious target of 100,000 users by 2035”.
The strategic rationale behind the acquisition is the strong alignment with Circle Technology Group’s soon-to-be-released unified communications platform, We UC.
Currently at beta stage, We UC is positioned to directly challenge established providers such as Microsoft Teams, RingCentral, Dialpad, BT Cloud Voice, 8×8 and others.
We UC redefines business collaboration with features such as instant messaging, secure file sharing, advanced call management, detailed analytics and state-of-the-art video conferencing, all packaged within an intuitive and easy-to-use interface.
The proprietary technology uniquely positions Circle Technology Group as a strong contender in the competitive business telecoms market.
Axel Molist Cordina, founder and managing director of Circle Technology Group, said: “This acquisition represents a critical step in our journey toward reshaping business communications.
“It aligns perfectly with our mission to simplify and enhance collaboration for small and medium-sized businesses, significantly boosting their efficiency and profitability through innovative technology.
“The acquisition increases Circle Technology Group’s total user base to approximately 10,000, marking a significant milestone toward achieving our ambitious target of 100,000 users by 2035.”
He added: “We’re particularly excited to migrate our growing customer base to the We UC platform, enabling businesses to fully leverage an advanced unified communications solution built for simplicity and scalability.
“Our goal is clear: to disrupt mainstream competitors and set new standards in business communications for the small and medium-sized business market.”
Paul Farr from Tetra Networks will assist Circle Technology Group in the smooth transition of Tetra’s customers onto the We UC platform, ensuring seamless continuity and maximising benefits for users.
Founded initially as Circle Communications by Axel in 2015, Circle Technology Group has expanded rapidly, now employing 115 staff members at its 9,500 sq ft headquarters at Town Quay, Southampton.
Axel said: “The acquisition places the circle.cloud and Tetra Networks brands under the Circle Technology Group umbrella, underscoring the company’s dedication to continuous innovation and customer-driven growth.
“Our core values – technology, tenacity and simplicity – guide everything we do.
“Bringing Tetra Networks into our portfolio represents another significant stride toward our ambitious growth objectives and reinforces our position as a market disruptor.”
Tetra Networks, which operated out of nearby Ocean Village in Southampton, was acquired for an undisclosed six-figure sum.
To learn more, visit:
circle.cloud’s website https://circle.cloud
Tetra Networks’s website https://tetranetworks.co.uk
We UC’s website https://weuc.com
