Caason Group announced today that it is completing a significant restructure of MOVOX – an Australian cloud-based unified communications phone company. Following the restructure Caason Group will become a major shareholder.
MOVOX is poised to capitalise on the decommissioning of ISDN phone services due by 30 September 2019 which will impact more than 600,000 Australian Small to Medium Enterprises (SMEs). These SMEs, currently using ISDN, will be forced to upgrade their phone system or make the transition to an NBN compatible on-site or cloud-based PBX.
MOVOX, with its own cloud-based PBX offering, is in a strong position to service this market. Additionally, MOVOX has developed proprietary software to improve the on-boarding and management of customers as they switch from ISDN. The software automates a traditionally manual process thus reducing time, effort and cost.
Craig Astill, Caason Group MD & CEO, said: “ISDN services are about to be switched off, creating a huge SME convergence market. Given the seamless and remotely managed onboarding nature of the MOVOX offering, we expect a rapid increase in new clients.”
As part of the restructure Craig Astill, Caason Group Managing Director & CEO, will become Executive Director on the MOVOX board (in addition to his other positions). Rohan Doyle, MOVOX’s Managing Director, will lead MOVOX through this period of significant customer growth.
Caason Group will assist MOVOX with further funding activity in the future.