M&A Deal Summary |
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Date | 2021-01-29 |
Target | Star2Star |
Sector | Communications |
Buyer(s) | Sangoma |
Sellers(s) | NewSpring Capital |
Deal Type | Add-on Acquisition |
Deal Value | 437M USD |
Advisor(s) | Q Advisors LLC (Financial) Goodmans Troutman Pepper Hamilton Sanders (Legal) |
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Category | Company |
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Founded | 1984 |
Sector | Technology Hardware |
Employees | 748 |
Revenue | 253M USD (2023) |
Sangoma is a provider of hardware and software components that enable or enhance IP Communications Systems for both telecom and datacom applications. Sangoma’s data cards, voice cards, gateways and connectivity solutions are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line includes both hardware and software components that offer a comprehensive toolset for deploying cost-effective, powerful and flexible communication solutions. Sangoma was incorporated in 1984 and is based in Markham, Canada.
DEAL STATS | # |
---|---|
Overall | 9 of 10 |
Sector (Communications) | 4 of 4 |
Type (Add-on Acquisition) | 7 of 8 |
State (Florida) | 1 of 1 |
Country (United States) | 7 of 8 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-24 |
Digium
Huntsville, Alabama, United States Digium, Inc. is a provider of Asterisk® software, telephony hardware, and on-premises and hosted Switchvox business phone systems that deliver enterprise-class Unified Communications (UC) and UC as a Service (UCaaS) solutions at an affordable price. Digium, Inc. was founded in 1999 and is based in Huntsville, Alabama. |
Buy | USD28M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-03-29 |
NetFortris
Plano, Texas, United States 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. |
Buy | $80M |
Category | Private Equity Firm |
---|---|
Founded | 1999 |
PE ASSETS | 3.5B USD |
Size | Large |
Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
DEAL STATS | # |
---|---|
Overall | 66 of 85 |
Sector (Communications) | 4 of 4 |
Type (Add-on Acquisition) | 39 of 48 |
State (Florida) | 3 of 4 |
Country (United States) | 65 of 84 |
Year (2021) | 1 of 11 |
Size (of disclosed) | 4 of 17 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-01-05 |
FlashParking
Austin, Texas, United States FlashParking is the cloud-native parking technology platform and provides industry-leading digital and physical infrastructure. This platform creates seamless customer experiences and increases ROI while also connecting thousands of operators and asset owners with a real-time marketplace for digital mobility. FlashParking was founded in 2011 and is based in Austin, Texas. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-02-12 |
North Atlantic Ship Repair
Boston, Massachusetts, United States North Atlantic Ship Repair is a provider of large vessel repair company specializing in repairing military/naval vessels and cruise ships North Atlantic Ship Repair was founded in 1995 and is based in Boston, Massachusetts. |
Sell | - |