VentureWave successfully sells its enterprise communications subsidiary StarBlue Inc. to Sangoma Technologies Corporation, enhancing Sangoma's position in the growing cloud communications market.
Target Information
VentureWave has announced the successful sale of StarBlue Inc., a prominent player in the enterprise communications sector, to Sangoma Technologies Corporation. Established in January 2018 through the merger of Blueface and Star2Star Communications, StarBlue offers a comprehensive range of communications solutions designed for business connectivity and collaboration. Blueface, an Irish company, was previously acquired by Comcast in January 2020, indicating its potential within the global market.
The merger with Star2Star Communications, a Florida-based enterprise communications firm, aimed to enhance StarBlue's offerings, enabling it to better compete on an international scale. This strategic acquisition positions Sangoma to leverage both companies' strengths, thus enhancing its service portfolio.
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Industry Overview
The enterprise communications industry has witnessed significant transformation in recent years, especially with the rise of cloud technologies and remote work trends accelerated by the global pandemic.
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Sangoma Technologies Corporation
invested in
StarBlue Inc.
in 2021
in a Buyout deal