Munich, 3 April 2019 – NFON AG, the only pan-European cloud PBX provider, today announces the appointment of Thomas Muschalla as Managing Director of Deutsche Telefon Standard, which was recently acquired by the NFON Group – as Vice President Sales Thomas Muschalla will stay at NFON AG. At the same time, Deutsche Telefon Standard AG will be transformed into a limited company (GmbH), which will have no impact on the operational business. Among other things, Thomas Muschalla will be responsible for sales, sales support and marketing. César Flores Rodríguez, Chief Sales Officer of NFON AG. "We are very pleased that we were able to win the experienced board member of Deutsche Telefon Standard AG, Ulrich Petry, as Chairman of the Management Board of the newly formed GmbH. With Thomas Muschalla and Ulrich Petry, the company has a powerful dual leadership with many years of experience in sales, marketing and partner management. They know the cloud telephony market better than anyone else and this is a unique combination in the industry. Now we are bundling their know-how and taking Deutsche Telefon Standard to the next level of development together with our partners".
Continuous growth course
This year, NFON AG continues to expand within Europe, most recently with a new branch in Italy, located in Milan. Since its foundation in 2007, NFON AG has recorded continuous growth. The IPO in 2018 (Frankfurt Stock Exchange, Prime Standard) was an important step for NFON's expansion plans. With the launch of the new core product Cloudya and the takeover of Deutsche Telefon Standard AG at the beginning of the year, the corporate strategy of the NFON Group to become number 1 in Europe is being consistently continued.
About NFON AG
Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider – counting more than 30,000 companies across 14 European countries as customers. With Cloudya, NFON offers an easy-to-use, independent and reliable solution for advanced cloud business communications. Further premium and industry solutions complete the portfolio in the field of cloud communications. With our intuitive communications solutions, we enable European companies to improve their work a little, every single day. NFON is the new freedom in business communication.
Thomas Muschalla Managing Director DTS , Ulrich Petry Managing Director DTS
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This announcement is not an offer of securities for sale in the United States of America. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act. No public offering of securities of the Company is being made in the United States of America and the information contained herein does not constitute an offering of securities for sale in the United States of America, Canada, Australia, Japan or any other jurisdiction in which such offering would be unlawful. This announcement is not for release, publication or distribution directly or indirectly in or into the United States of America, Australia, Canada, Japan or any other jurisdiction in which the distribution or release would be unlawful or to U.S. persons. In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (each such person hereinafter a "relevant person"). Any person who is not a relevant person should not act or rely on this information or any of its contents. This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company.Group and its subsidiaries, including assessments, estimates and forecasts regarding the financial position, business strategy, plans and objectives of management and future operations of NFON and the NFON Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the results of operations, profitability, performance or results of NFON or the NFON Group to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date of this press release and are based on numerous assumptions that may prove to be incorrect. NFON makes no representations and assumes no liability with regard to the proper presentation, completeness, correctness, appropriateness or accuracy of the information and assessments contained herein. The information contained in this press release is subject to change without notice. They may be incomplete or abbreviated and may not contain all material information relating to NFON or the NFON Group. NFON assumes no obligation to publicly update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. This press release is not an offer to buy or subscribe for securities and should not be construed as a basis for investment decisions in NFON or the NFON Group, in whole or in part.