net2phone acquires Canadian SaaS provider Versature

Newark-based net2phone, a provider of communication services and a subsidiary of IDT Corp., announced it has acquired Versature.

Versature is an 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,” Jonah Fink, net2phone’s president, said.  “Our two companies share a customer-centric philosophy and a commitment to developing and deploying 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 greater access to capital,” Jonathon Moody, Versature president and chief operating officer, said. “As a result, Versature will scale Canadian operations by attracting top talent while continuing to innovate and aggressively pursue opportunities in the Canadian market.”

When the deal is finalized, Versature plans to expand more in Canada through investing in partner and direct channels, recruiting talent and developing more innovative 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.

With the acquisition of Versature, net2phone now operates in the U.S., Brazil, Argentina, Mexico, Colombia, Hong Kong, Spain and Canada.

“We continue to be very pleased by the trajectory of net2phone’s business as it expands internationally,” Shmuel Jonas, CEO of IDT Corp., said.  “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.”