Clearspan, a leading innovator in cloud-based communication and collaboration technologies, including voice, video, chat, and other collaborative tools, has officially announced its acquisition of AveriStar. This deal was completed through a private agreement between the two companies. Both Clearspan and AveriStar have established themselves as specialists in delivering sophisticated cloud-based Unified Communication (UC) solutions, catering to the needs of Service Providers and large organizations with multiple locations.
This strategic acquisition represents a significant step for Clearspan, as it further solidifies its position within the competitive U.S. service provider market. Furthermore, it significantly enhances Clearspan’s capabilities in serving large enterprises, as well as state, local, and educational (SLED) institutions, and federal government clients. Clearspan boasts a strong track record of over 40 years of successful deployments in both on-premise and modern cloud or hybrid cloud environments.
This acquisition will enable them to continue building upon that extensive experience, providing even more robust and comprehensive solutions to their diverse client base. The combined strengths of Clearspan and AveriStar are expected to foster greater innovation and provide more integrated communication tools for businesses and organizations seeking advanced and reliable cloud communication services.
Support: Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to AveriStar Consulting in connection with this transaction.
KEY QUOTES:
“We are thrilled to welcome AveriStar to the Clearspan team. 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.”
Bill Crank, President and CEO of Clearspan
“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.”
Mark Averi, CEO of AveriStar
“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.”
Diane Myers, Senior Research Director and Principal Analyst at Metrigy
