More exciting news in the acquisition department: our Innevator Telesphere has been acquired by Vonage! Telesphere is an industry leader in the UCaaS market (Unified Communications-as-a-Service) and has provided cloud communications since 2006. “A year after Vonage moved into the rapidly growing UCaaS market, we are substantially expanding our presence within the sector through the Telesphere acquisition. This is an important next step in the continued execution of the Company’s long-term growth strategy,” said Marc Lefar, Chief Executive Officer of Vonage. “As we have demonstrated, the use of Vonage’s scale, brand, balance sheet and cash generation to invest in the acquisition of growth businesses has been very successful. Vonage Business Solutions’ annual revenue growth has accelerated from 38% to 52% in a year, and we are confident in our ability to accelerate growth at Telesphere as we bring it under the Vonage umbrella.”
Telesphere was ranked as a top provider in Gartner’s 2014 Magic Quadrant for UCaaS and received Internet Telephony magazine’s 2012 BSS/OSS Excellence Awards by TMC.
We’re so excited to have two of our members be acquired this season. A few weeks ago, we shared the big news that docBeat was acquired by Vocera. Let’s keep ’em coming!
Congratulations to Telesphere, a Vonage company 🙂