Accelerated Growth for one of Canada's Fastest Growing Companies
OTTAWA, Ontario, Sept. 17, 2018 /CNW/ -- net2phone, a global
provider of unified communications services and subsidiary of IDT
Corporation (NYSE: IDT), today announced that it has acquired
Versature, a rapidly growing SaaS-based business communications
solutions and hosted VoIP provider serving the Canadian market.
"We are delighted to welcome Versature's management and
employees, customers and partners to net2phone," said Jonah Fink, net2phone's President. "Our
two companies share a customer-centric philosophy and a commitment
to develop and deploy powerful integrated communications and
collaboration features. This shared vision will enable Versature
and net2phone to continue providing Canadian companies with the
outstanding cloud-based communications services they demand."
"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," said Versature's
President and COO Jonathon Moody.
"As a result, Versature will scale Canadian operations by
attracting top talent while continuing to innovate and aggressively
pursue opportunities in the Canadian market."
With the addition of Versature, one of the fastest growing
Canadian companies according to Growth 500, net2phone continues to
broaden its international presence.
Post-acquisition, Versature plans to accelerate its expansion in
Canada through investment in the
partner and direct channels, recruitment of additional top talent
and continued development of innovative call, voice-centric, and
unified communications technology solutions.
"We are 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."
All statements above that are not purely about historical
facts, including, but not limited to, those in which we use the
words "believe," "anticipate," "expect," "plan," "intend,"
"estimate," "target" and similar expressions, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. While these forward-looking statements
represent our current judgment of what may happen in the future,
actual results may differ materially from the results expressed or
implied by these statements due to numerous important factors.
Our filings with the SEC provide detailed information on such
statements and risks, and should be consulted along with this
release. To the extent permitted under applicable law, IDT assumes
no obligation to update any forward-looking statements.
About Versature:
Versature is the leader in Canadian
SaaS-based business phone and communication solutions. Trusted by
clients and partners across the country, Versature is an
award-winning company that is raising the bar with the highest
quality phone systems, superior Communications as a Service and
operational system integrations, and Canadian-based technical
support. Founded in 2003, Versature has a rapidly growing
subscriber base and strong partner network from coast to coast.
About net2phone:
net2phone is a global provider of
unified communications services and collaboration tools serving
businesses in the Americas, Asia
and Europe. net2phone is a
subsidiary of IDT Corporation (NYSE: IDT), a provider of
communications and payment services. To learn more, please
visit net2phone.com.
SOURCE net2phone