Vertu Capital led a C$60 million minority recapitalization of Dejero Labs, a Waterloo, Ontario-based provider of resilient connectivity for critical communications. Vertu, a Canadian tech private equity firm, partnered in the recap with Ubicom Ventures, a special purpose investment vehicle. The deal provided exits to Dejero’s prior investors, Kayne Partners and Intelsat SA.
Toronto, Ontario, April 21, 2021 – Vertu Capital, a Canadian private equity fund focused on technology platforms seeking transformational growth, is pleased to announce it has led a $60 million minority recapitalization of Dejero Labs Inc. (“Dejero”), a leading global provider of resilient connectivity for critical communications. Vertu partnered with Ubicom Ventures, a special purpose investment entity in partnership with Dejero management, to complete the transaction and pave the way for accelerating the company’s product and market expansion. Dejero will be the first investment for Vertu’s inaugural fund, Vertu Partners Fund I.
Founded by Bogdan Frusina in 2008 and led by Chief Executive Officer Bruce Anderson, Dejero is headquartered in Waterloo, Ontario, one of Canada’s key tech hubs, with offices in the U.S. and UK, and a global distribution network. The company’s live video and real-time data solutions are used by leading broadcasters, media production companies, public safety and government agencies, along with enterprise customers who need uninterrupted connectivity for their critical applications.
“Canada’s technology ecosystem is thriving, and we are excited to be playing a vital role by actively partnering with premier companies that are at critical points of inflection in their growth and scale,” said Lisa Melchior, Founder and Managing Partner of Vertu. “Dejero exemplifies an ideal Vertu investment; the company has an established world leading technology solution and is accelerating its expansion into multiple global markets. We are thrilled to be partnering with Bruce, Bogdan and the entire Dejero management team on this exciting new chapter for the company.”
“Vertu was the perfect partner for us. They bring deep software sector expertise and decades of experience investing in large global tech businesses, so they understand where Dejero is heading,” Mr. Anderson said. “We are excited to collaborate with the Vertu team on our plans to accelerate our growth.”
“We are thrilled about the opportunity that Dejero brings to our investors,” said Ubicom Managing Director Terry Thib. “Our mission is to identify disruptive technologies that can be deployed on a global scale. Through our partnership with Bruce and Bogdan, we are excited to play a critical role in the evolution of Dejero as it continues to tackle burgeoning critical connectivity markets that will benefit from its cutting-edge technology.”
With this transaction, Dejero remains a Canadian owned business.
About Vertu Capital
Established in 2017 by veteran technology private equity investor Lisa Melchior, Vertu Capital is a private equity firm that invests in high potential Canadian headquartered technology companies. Vertu seeks to partner with management teams of market leading and scaling companies that are looking for an experienced investor and thought partner to actively collaborate with them to achieve great things at a rapid pace. Vertu’s partners have decades of global tech private equity experience with deep domain expertise in software and software enabled business models. We are focused on the achievement of a company’s long-term goals, offering extensive knowledge valuable through all phases of growth. For more information, please visit www.vertucapital.com.