Ottawa-based Versature, which builds VoIP solutions for businesses, has been acquired by New Jersey-based VoIP provider net2phone.
“We are delighted to welcome Versature’s management and employees, customers and partners to net2phone,” said Jonah Fink, net2phone’s president. “Our two companies share a customer-centric philosophy and a commitment to develop and deploy powerful integrated communications and collaboration features. This shared vision will enable Versature and net2phone to continue providing Canadian companies with the outstanding cloud-based communications services they demand.”
The acquisition will help net2phone expand its presence in Canada.
Founded in 2003, Versature has a significant Canadian presence, counting companies like Slack and Klipfolio among its customers; net2phone serves the Americas, Asia, and Europe. In 2016, Versature raised $1.15 million from BDC Capital and RBC in 2016.
The acquisition will help net2phone expand its presence in Canada, though Versature noted that the company will continue to grow its services within the country.
“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. “As a result, Versature will scale Canadian operations by attracting top talent while continuing to innovate and aggressively pursue opportunities in the Canadian market.”
“I am thrilled to have found a partner that is equally committed to evolving and innovating the communications experience for our customers and businesses across Canada,” said Paul Emond, Versature’s CEO.