M&A Deal Summary

NetFortris Acquires Fonality

On February 21, 2017, NetFortris acquired internet software and services company Fonality

Acquisition Highlights
  • This is NetFortris’ 1st transaction in the Internet Software and Services sector.
  • This is NetFortris’ 1st transaction in the United States.
  • This is NetFortris’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-02-21
Target Fonality
Sector Internet Software and Services
Buyer(s) NetFortris
Deal Type Add-on Acquisition
Advisor(s) AGC Partners (Financial)
Perkins Coie (Legal)

Target

Fonality

Plano, Texas, United States
Fonality, Inc. is a provider of software defined unified communications as a service (UCaaS) solutions.

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Buyer(S) 1

Buyer

NetFortris

Plano, Texas, United States

Category Company
Founded 1993
Sector Internet Software and Services
DESCRIPTION

NetFortris provides secure cloud-based UCaaS, managed network solutions, hosted productivity applications, security, and specialized applications for enterprises of all sizes. The company's Cloud Solutions Platform, a proprietary cloud services management and analytics platform, provides the foundation for all NetFortris services, and delivers security, analytics, and integrated management for simple, scalable, and highly secure cloud communications operations. NetFortris was established in 1993 and is based in Plano, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1