Verso To Acquire SentitO

Verso Technologies Inc. (Nasdaq: VRSO) has agreed to acquire SentitO Networks Inc., an Acton, Mass.-based provider of voice gateway and signaling solutions for telecom service providers. The deal is expected to close later this month, with SentitO backers to receive 7.7 million restricted shares of Verso common stock (2.2 million subject to escrow provisions) and around 841,000 warrants to purchase Verso common stock. SentitO has raised around $69 million in total VC funding since its 2000 inception, from firms like Core Capital Partners, Columbus Nova Capital, Inflection Point Ventures, Kodiak Venture Partners, Mid-Atlantic Venture Funds and Technology Venture Partners