DGAP-News: NFON AG decides on Portugal as location for a new R&D centre

Corporate News

NFON AG decides on Portugal as location for a new R&D centre

- Opening planned for September 2020 in Lisbon

- Location for 30 developers to boost development capacity

Munich, July, 3, 2020 - NFON AG, the only pan-European Cloud PBX provider, has decided to establish a nearshore location for another Research & Development centre in Europe, and has chosen Portugal. In September 2020 the founding is planned in the Área Metropolitana de Lisboa (Lisbon metropolitan area) with the aim to start as soon as possible to employ the first developers this year and to increase the R&D team to 30 specialists in the following year. Jan-Peter Koopmann, Chief Technology Officer of NFON AG: "With our nearshore location in Portugal we will expand and secure our competitiveness in the European market. Capacities in Research & Development are the key to highest innovative strength paired with R&D speed without limits".

Lisbon the tech-hub

After a thorough evaluation process, Portugal was able to prevail in the decision. With a very high proportion of graduates in mathematics, computer science, natural sciences and technology and a very good and broad integration of the English language, Portugal offers, in addition to other location advantages, a very high affinity of young employees for international development projects. As a result, the supply of developers in the areas of frontend, backend, PHP and general coding is high. This is for Markus Krammer, Vice President Products & New Business of NFON AG "the best prerequisite for the recruitment of developers who can work successfully as a team over longer periods of time, even on large projects. Portugal and especially Lisbon as a tech-hub could fully convince us in our search for a new R&D location".

European innovative strength

NFON AG reaches a milestone on its way to becoming the No. 1 for cloud telephony in Europe with the foundation of a further Research & Development centre. Hans Szymanski, Chief Executive Officer & Chief Financial Officer of NFON AG: "Europe needs strong and future-proof companies. Europe needs a vision whose elementary component must be a fast and reliable transformation of new technologies. NFON AG is at the forefront of digitalisation in Europe and ensures, for example in times like these, that many employees have easy and quick access to necessary home office tools and can experience mobile working at the highest level. Europe's success also depends on the innovative ability of technology companies, our contribution is a new nearshore centre".

Press-Kit

Hans Szymanski, Chief Executive Office and Chief Financial Officer of NFON AG; Jan-Peter Koopmann, Chief Technology Officer of NFON AG; Markus Krammer, Vice President Products & New Business of NFON AG

Investor Relations Contact

NFON AG

Sabina Prüser

Head of Investor Relations

+49 89 45300 134
[email protected]

Media Contact

NFON AG

Thorsten Wehner

Vice President Public Relations

+49 89 45300 121
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About NFON AG

Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider - counting more than 40,000 companies across 15 European countries as its 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. https://corporate.nfon.com/en/

Disclaimer

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.