Irish cloud computing company Blueface has announced that it has merged with U.S competitor Star2Star in a USD 500 million deal. The merged company, which will be known as StarBlue, will compete against global players like BroadSoft, RingCentral and 8×8.
According to Blueface, the newly formed entity StarBlue will immediately put itself into the league of top five UCaaS (Unified Communications as a Service) providers. They further added that this new entity StarBlue will be targetting enterprises from the telecom industry to sell their software products.
Going into the details of the deal, Alan Foy, group CEO of Star2Star and Blueface stated:
The Merger of Blueface and Star2Star represents a game-changing event in the UCaaS landscape as it combines the best of proprietary UCaaS technology with an expansive geographic distribution, capability and reach. This merger positions the combined Blueface/Star2Star company as one of the leading platform and service providers that can service businesses of all sizes, partners and wholesale customers globally.
Foy further added that the deal will strengthen Star2Star globally and increases chances of local investments for them. Explaining this notion, he said:
We will continue to look for opportunistic acquisitions that give us market reach or local sales presence. The sector is consolidating fast globally and we have the right technology and business platform to become the number one player through both organic and inorganic growth.