SaaS Business VoIP Service, Versature, Is Acquired By net2phone To Scale Operations And Spur Development of Innovative Call Solutions

VoIP is a technology which has been rapidly ascending in the business world, with no signs of stopping anytime soon. In fact, the VoIP services market is expected to register high revenue growth of $190 Billion during 2017 – 2024. In addition to this announcement, a major pioneer in this field has experienced some good news, allowing the company to continue its rapid expansion, recruit new talent and spur technology development.

Versature, a rapidly growing Canadian SaaS-based business communications solutions and hosted VoIP provider recently announced that it was acquired by net2phone, a global provider of unified communications services and subsidiary of IDT Corporation. The acquisition will allow Versature to accelerate its expansion in Canada, recruit additional top talent and spur the development of innovative call, voice-centric and unified communication technology solutions.

Versature, offers a SaaS-based business VoIP service, Call Data Analytics solutions, and integrations with leading SaaS tools such as Salesforce, Slack and Google Chrome. In addition, it supplies professional phone hardware. In short, Versature provides Canadian businesses with the all tools to stay connected.  

Net2phone is a VoIP and cloud-based communication products and service company, and the  4th largest provider in the world. Originally founded in the US, it is a subsidiary of IDT Corporation (NYSE: IDT) and has been in the market for more than 20 years.

The acquisition will allow net2phone to continue its international growth, while Versature – named one of Canada’s fastest growing companies by Growth 500 – can further spur its expansion in 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,” says Versature’s President and COO Jonathon Moody. “As a result, Versature will scale Canadian operations by attracting top talent and continue to innovate and aggressively pursue opportunities in the Canadian market.”

Versature is delivering more than just a dial tone that would be expected from a traditional telecom company. By providing business communication services via SaaS model in addition to advanced call data analytics technology, Versature ensures users have not only the tools to communicate – but also the data to optimize business operations and relationships.

Versature takes an unprecedented approach to customer satisfaction that cannot be found in other vendors. As a truly customer-centric organization, the company places highest priority on outstanding service throughout the entire client journey, from easy ordering over effective onboarding up to fast and responsive technical support.

“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.  

“We continue to be very pleased by the trajectory of net2phone’s business as it expands internationally,” said Shmuel Jonas, CEO of IDT Corporation.  “We are looking forward to working with the Versature team to continue their outstanding service to Canadian businesses while leveraging their expertise throughout our global operations.”

Disclosure: This article includes a client of an Espacio portfolio company