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  6. Iristel Acquires Trutel

M&A Deal Summary

Iristel Acquires Trutel

On November 22, 2016, Iristel acquired information technology company Trutel

Acquisition Highlights
  • This is Iristel’s 1st transaction in the Information Technology sector.
  • This is Iristel’s 2nd transaction in Canada.
  • This is Iristel’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-11-22
Target Trutel
Sector Information Technology
Buyer(s) Iristel
Deal Type Add-on Acquisition

Target

Trutel

Toronto, Ontario, Canada
Trutel, Inc. is a provider of businesses with wholesale IP communication services that includes exchange email messaging and hosted IP PBX voice services.

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Buyer(S) 1

Buyer

Iristel

Markham, Ontario, Canada
Category Company
Founded 1999
Sector Communications
DESCRIPTION

Iristel, Inc. is a carrier providing communication services that are changing how consumers and businesses communicate.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 Exelia

Beaconsfield, Quebec, Canada

Exelia, Inc. is a telecommunications service provider. Exelia, Inc. was established in 2014 and is headquartered in Beaconsfield, Quebec.

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