M247, the cloud services and connectivity provider, is the latest in a string of UK-based companies to set their sights on expansion on the European and Asian continents.
The technology firm has seen a huge spike in demand for its services in 2020, especially regarding making and receiving telephone calls online via Microsoft Teams through Direct Routing and setting up and hosting digital meetings. This is because the number of people working and doing business from their homes has increased dramatically this year.
It recently set up offices in New York to support customers that did business in the USA and is planning on doing similar in a variety of locations across Europe and Asia including Frankfurt, Madrid, Tokyo, Singapore, Hong Kong, Milan and even Sydney in Australia.
It is not the only UK company looking east to accelerate expansion plans. The Stoke-on-Trent-based Bet365 are also shifting their focus to Asian markets following massive success in the UK, America and online, including the fact that the Bet365 casino is ranked at top of many resource sites online. This is also likely due to suggestions regulatory legislation may be tightened in Europe soon.
Among other British companies looking to expand east is financial technology company Revolut that launched its financial app in Japan. The launch followed a successful test run with 10 000 users in the region and now anyone in Japan can sign up for a new account. This move has been a long time coming for Revolut, who originally got their license to operate in Japan back in 2018.
The app will function as an electronic wallet and allow users to freeze and unfreeze accounts with ease, as well as let them easily exchange money in any currency with other Revolut app users. It is a huge advantage for people who travel a lot as they will spend far less on foreign exchange fees.
Database firm GeoSpock has raised $5.4-million in extra funding to aid its move into Asia. Among the new investors is Japanese telecommunications giant NTT, which should help aid GeoSpock’s shift east. The company plans to use the additional funds to improve their core product offering because its current database system is struggling under the load of new data it is seeing. “With the emergence of connected vehicles, smart cities and the deployment of internet of things sensors, the amount of data produced globally has exploded,” GeoSpock told Tech in Asia.
M247’s ability to provide Microsoft Teams Direct Routing anywhere in the world that has launched it into the stratosphere in 2020. It is their key selling point and will remain a part of M247’s long-term strategy for the foreseeable future.
It currently has operations in the UK, Romania, Spain and the USA but has big plans to become one of Europe’s largest internet service providers. “Many of our customers’ businesses are growing and expanding into new territories at an extremely fast rate. They need our support to extend their connectivity, as well as their hosting and cloud needs as they roll out services to their customers in these new regions,” M247 chief technology officer Kevin Paige said, according to Prolific North.
M247 is a Microsoft Silver Partner and is considered a trusted supplier by the technology behemoth. It currently has a point-of-presence in 70 locations around the world and is planning on expanding to include another 30 in the next five years.
The rapid expansion plans are key for M247, who must know their unique advantage of being one of the only companies that can supply Microsoft Teams Direct Routing in Europe will not last forever and it needs to make the most of the head start it has been given. But having great technology isn’t enough to guarantee success and many elements need to go into cracking a new market.