Private equity fund Queen's Park Equity (QPE) has partnered with Yay.com. The combination of Yay.com's impressive features and apps, combined with an advanced network architecture, delivers a platform that boasts unrivalled stability, performance, and innovation.
The investment will enable Yay.com to drive a class-leading solution to TelcoSwitch's rapidly growing base of channel partners, with a product portfolio that meets the demands of both a next generation UCaaS proposition, and the forthcoming PSTN switch-off.
Matt Mansell, Yay.com Founder & CEO, said: “The timing is nothing other than perfect to unleash the power of our platform to the channel. We can provision 1 user or 100,000 users in just seconds through our mature and feature rich platform. 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 & 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."
Advisors to the transaction were:
Yay: Buzzacott (Corporate Finance) and Marriot Harrison (Legal)
QPE: Osborne Clarke (Legal), Wilson Partners (Financial and Tax), JCK (Tax Structuring) and Intechnica (Technology)
Founded in 2014, Yay.com began providing businesses with a faultless, high-quality voice platform at a fraction of the cost to incumbent solutions. The astounding response bought rapid expansion, innovative new features, and much maturity to a now long-established platform.
With thousands of public 5/5 star reviews, Yay.com now manages over 20 million calls every month, reputed as the most advanced and reliable communications platform available.
Further information on Yay.com can be found at www.yay.com
About Queen's Park Equity
QPE is focused on providing capital and expertise to high-quality, entrepreneur-led businesses within the Tech Services, Health & Pharma and Education sectors, with an ambition to accelerate their growth. Queen’s Park Equity Fund I was oversubscribed and closed at its hard cap of £202m in Dec-20.
The QPE team, which is led by seasoned leadership with over 40 years of private equity experience, includes a fully dedicated origination team which supports the accelerated growth strategies across the partner companies they support. Furthermore, QPE has an extensive Ambassador Network of industry specific entrepreneurs to assist its management teams to deliver their plans.
Further information on QPE can be found at www.qpequity.com