Sangoma Technologies Acquires NetFortris from Spire Capital
March 29, 2022
Sangoma Technologies Corporation acquired NetFortris Corporation from private equity firm Spire Capital Partners for USD $68 million upfront plus up to $12 million in earn-outs (total up to $80 million). The acquisition adds NetFortris' UCaaS and managed MSP capabilities (approx. 250 employees, ~6,000 customers, ~60,000 seats, ~USD $50M revenue) to Sangoma's cloud communications platform to expand managed services and increase recurring revenue.
- Buyers
- Sangoma Technologies Corporation
- Targets
- NetFortris Corporation
- Sellers
- Spire Capital Partners
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Buyout
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