Service       
Sell-side

Industry     
Telecommunication

Deal value
Undisclosed

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Advised the founders of Cirque in the sale to TDC Group

Cirque was founded in 1999 and is a leading Danish supplier of cloud-based communication solutions for the Danish private sector. Cirque has experienced significant growth which in recent years has accelerated with the development of a cloud platform that integrates Skype for Business, mobile, network and VoIP solutions. In 2015, Cirque has annual sales of DKK 75m and 50 employees

TDC is the largest provider of telecommunication services in Denmark with more than DKK 24bn in annual sales and 8,700 employees. TDC is headquartered in Copenhagen, Denmark

The combination of Cirque and TDC provides a solid platform to further accelerate the distribution of the cloud solution. With the sale, Cirque becomes a brand within TDC Erhverv and will support and strengthen TDC Erhverv’s cloud strategy and position with solutions such as Skype for Business and Office 365 from Microsoft. At the same time, Cirque’s product offering to the market is now complete as it is combined with TDC Erhverv’s portfolio within security, hosting, and network

 

*Completed by the HCN Partners team when employed at Handelsbanken