Alianza Acquires CounterPath
March 1, 2021
Alianza, Inc. has completed the acquisition of Vancouver-based CounterPath Corporation, a provider of softphones, cloud meetings and mobile UCaaS solutions, for US$3.49 per share (approximately US$25.6 million). CounterPath became a wholly owned, privately held subsidiary of Alianza and its common stock was suspended/delisted from public exchanges following the closing. The deal expands Alianza’s cloud communications platform with video conferencing, messaging and mobile collaboration capabilities.
- Buyers
- Alianza, Inc.
- Targets
- CounterPath Corporation
- Sellers
- CounterPath stockholders
- Industry
- Cloud & SaaS
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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