Clearspan, a leader in cloud-based voice, video, chat, and collaboration technologies, today announced the acquisition of AveriStar in a private transaction. Both companies specialize in providing cloud-based Unified Communication (UC) solutions to Service Providers and large, multi-location enterprises. This strategic acquisition further strengthens Clearspan’s presence within the U.S. service provider market and enhances its ability to serve large enterprises, SLED, and Fed as successfully executed for over 40 years both on premise and in cloud / hybrid cloud deployments.
“We are thrilled to welcome AveriStar to the Clearspan team,” said Bill Crank, President and CEO of Clearspan. “This acquisition not only increases our scale and EBITDA, but it also broadens our customer base, including key Service Provider customers. These relationships complement our existing partnerships, and will help solidify our standing in the North American Service Provider, VAR and large enterprise markets. Additionally, the talented team at AveriStar will further bolster our management, operational, and organizational capabilities.”
Mark Averi, CEO of AveriStar, is excited about unlocking the powerful synergies from combining AveriStar's expertise in serving service providers and carriers with Clearspan's focus on large enterprises and SLED markets. "Joining forces with Clearspan allows us to immediately offer enhanced solutions to our customers, including POTS Replacement solutions, hardware, and phone rental options, and additional UCaaS platform add-on functions," Averi said. “Clearspan's PING mobile and desktop clients deliver the brandable solutions that AveriStar's service provider clients have long requested, enabling seamless customization and rapid deployment for our end-users.”
Diane Myers, Senior Research Director and Principal Analyst at Metrigy, commented, “Clearspan has been a leader in delivering large-scale UCaaS solutions through major service providers for years. The acquisition of AveriStar is a natural fit as both companies share similar customer challenges and a commitment to solving them with flexible, customizable capabilities required by service providers and large enterprises. Together, Clearspan and AveriStar will be better positioned to improve customer acquisition and enhance overall service delivery.”
Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to AveriStar Consulting in connection with this transaction.