OTTAWA – Canadian hosted VoIP and SaaS business communications systems provider Versature has been acquired by U.S. cloud-based communications services provider Net2phone. Financial terms of the deal were not disclosed.
The two companies pledged to continue to provide Canadian businesses with cloud-based communications services. Post-acquisition, Versature said that it will accelerate its expansion in Canada through investment in the partner and direct channels, talent recruitment, and continued development of innovative call, voice-centric, and unified communications technology solutions.
"This transaction will accelerate Versature's growth trajectory in Canada through a powerful alignment of values and innovative technology for voice and call analytics combined with ready access to capital," said Versature's president and COO Jonathon Moody, in the news release. "As a result, Versature will scale Canadian operations by attracting top talent while continuing to innovate and aggressively pursue opportunities in the Canadian market."
A subsidiary of New Jersey’s IDT Corporation, net2phone is a global provider of unified communications services and collaboration tools serving businesses in the Americas, Asia and Europe.
www.versature.com
