Sangoma Technologies Acquires NetFortris from Spire Capital

Sangoma Technologies Acquires Star2Star Communications

January 29, 2021

Cloud & SaaS

Sangoma Technologies Corporation has entered into a definitive agreement to acquire StarBlue Inc. (dba Star2Star Communications) for approximately US$437 million in a transaction consisting of US$105 million cash and 110 million Sangoma common shares. The deal expands Sangoma's cloud communications and CaaS capabilities, adding roughly $107 million of recurring revenue and positioning the combined company as a top-tier cloud communications provider.

Fortis Acquires MerchantE's NetSuite Payments Division

July 24, 2024

Payments & Fintech

Fortis has acquired MerchantE's NetSuite payments division, adding legacy NetSuite-integrated payment capabilities to its embedded payments platform. The deal strengthens Fortis' leadership in embedded ERP payments and continues MerchantE's two-decade legacy supporting the NetSuite ecosystem.

FortisPay Acquires OmniFund

September 14, 2021

Payments & Fintech

Fortis Payment Systems (FortisPay) has acquired OmniFund, a cloud-based Payments-as-a-Platform provider. The acquisition will expand FortisPay's commerce technology capabilities and deepen its integrations with software partners and ERP solutions; OmniFund's CEO Stacy Roderick and her team will join FortisPay.

Cytracom Acquires OmniNet

September 16, 2021

Cloud & SaaS

Cytracom, a Sverica Capital Management portfolio company, has acquired OmniNet to add SD-WAN and cloud security capabilities to its channel-first unified communications platform. The deal brings OmniNet's patented cloud-edge networking and security technology into Cytracom's product roadmap to better serve managed service provider (MSP) partners and SMB customers.

8x8 Acquires Fuze for Approximately $250M

January 18, 2022

Cloud & SaaS

8x8, Inc. completed the acquisition of Fuze, Inc., a provider of cloud-based communications for enterprise customers, for approximately $250 million in cash and stock. The deal expands 8x8's XCaaS capabilities, enterprise customer base, and global presence by combining the two cloud communications platforms.

Spectral Capital Corporation Acquires 42 Telecom Ltd.

August 3, 2025

Telecommunications

Spectral Capital Corporation (OTC: FCCN) completed the acquisition of 42 Telecom Ltd., acquiring 100% of the outstanding shares in exchange for 8 million shares of Spectral common stock (with an additional 8 million shares placed in escrow). The deal includes a contractual guarantee of at least $16 million in profitable revenue for fiscal 2025 and will integrate Spectral's AI and quantum IP into 42's messaging infrastructure to accelerate product capability and U.S. enterprise expansion.