U.S. private equity firm StoneCalibre has acquired Applied Voice & Speech Technologies Inc (AVST), a Foothill Ranch, California-based developer of software-based unified communications solutions. No financial terms were released. StoneCalibre said it merged the company with XMedius Solutions Inc, a secure file exchange solutions business with headquarters in Montréal. StoneCalibre acquired XMedius from France’s Sagemcom Documents SAS in 2015. It said the combined entity will provide a complete set of communication tools that leverage both voice and data. AVST was formerly backed by Ignition Partners and Second Alpha Partners.
StoneCalibre Acquires AVST, a Trusted Developer of Software-Based Unified Communications – Company Merged with XMedius Solutions Inc.
MONTREAL, Nov. 7, 2017 /PRNewswire/ – StoneCalibre is pleased to announce that it has completed the acquisition of Applied Voice & Speech Technologies Inc. (“AVST”), a trusted developer of software-based Unified Communications (UC) solutions for businesses of all sizes. The company was merged with XMedius Solutions Inc. (“XMedius”) as of October 31st. With its global headquarters in Montreal, Canada, the newly combined entity will provide a complete set of communication tools that leverage voice and data through IP networks using different types of enterprise grade solutions, either on-premises or in the cloud.
The transaction combines 60 years of experience and two customer-driven organizations with a shared commitment to innovation, service, and channel partner relationships. AVST designs, delivers and supports software-based UC voice solutions that transform the productivity of individual workers, teams and enterprises. XMedius provides the most efficient and reliable secure file exchange software solutions available in the market today. The combination of AVST and XMedius creates a new leader in communication solutions, whether voice or data, with over 500 partners and nearly 4,500 active customers worldwide. The company will leverage the resources of both organizations, including complementary sales channels, to accelerate its sales and maintain the best-in-class customer service for which they are both renowned.
“We are extremely pleased to announce this compelling transaction, as it brings together two highly complementary companies as part of the StoneCalibre family”, said Brian Wall, Founder and Chief Executive Officer of StoneCalibre. “Both have long track records of innovation and commitment to helping their customers build cutting-edge solutions for today’s business environments. And, while AVST focuses on improving the productivity of its customers’ communications, XMedius enables those communications to be secure.”
“The integrated companies’ expertise in developing software solutions will allow us to deliver world-class integrated product offerings and services and provide greater value to our customers,” said Jean Champagne, President and Chief Executive Officer of XMedius. “We’re excited to be joining forces with AVST as it enters into the next chapter of its growth trajectory. Blending the complementary UC and secure file exchange offerings of our organizations uniquely positions the combined company at the forefront of a new generation of solutions.”
Headquartered in Los Angeles, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. For more information please visit our website at www.stonecalibre.com.
XMedius is a global leader in the field of secure file exchange for businesses. Its on-site and cloud-based software solutions enable businesses to exchange sensitive and confidential data in a secure manner. Founded in 1993 and based in Montreal (Canada), the company operates in North America, Latin America, Europe and the Asia-Pacific Rim. With more than 14,000 deployments in SMEs, large enterprises and service providers, XMedius solutions are present in many markets, including the financial, health, government, manufacturing, retail, legal services and education sectors. For more information about XMedius and its solutions, visit www.xmedius.com.
Photo courtesy of XMedius Solutions Inc