Combined companies will meet growing demand for end-to-end services in converging IT and communications market
SEATTLE and DALLAS – Feb. 21, 2017 – NetFortris, Inc. (“NetFortris”), a Spire Capital Portfolio Company and leader in secure cloud-based communication solutions, today announced the acquisition of Fonality, Inc. (“Fonality”), an innovator in software defined unified communications as a service (UCaaS) solutions. The combination of the two companies will meet the growing needs of a converging IT and communications market by providing customers with security, network management and a state of the art UCaaS solution in one bundle.
The addition of the Fonality suite of cloud-based UCaaS solutions to NetFortris’ current service offering will result in best-of-breed enterprise communications solutions and managed network services. The expanded solutions suite will better serve customer needs throughout the technology stack.
The combined company will have operating centers in three countries and provide services to more than 11,000 customers and 300,000 end users in 41 countries. Headquarters will be divided between the Seattle and Dallas offices, and NetFortris CEO Grant Evans will maintain leadership of the new company.
“Bringing Fonality into the NetFortris family was a natural fit that will benefit our customers immensely through the expansion of our cloud services offering—providing customers with a complete set of cloud communications, networking, security and software defined solutions,” Evans said. “This expanded solution suite will enable us to further partner with our existing customers and meet the growing needs of the market, as companies seek a trusted partner to provide connectivity, security, mobility and dynamic UCaaS software solutions for communications.”
Spire Capital invested in NetFortris in 2014 out of Spire Capital Partners III. Spire is the lead and majority investor in the combined company and is joined by Azure Capital, DFJ and Intel Capital as shareholders in the combined company.
Dentons US LLP served as legal counsel to NetFortris and Spire Capital. AGC acted as exclusive financial advisor to Fonality, while Perkins Coie LLP served as legal counsel.
About Spire Capital
Founded in 2000, Spire Capital is an active and experienced private equity firm with an investment focus on lead and control investments in companies within the tech-enabled business services, media, education and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and create value. Spire Capital is investing out of its third fund and has managed over $900 million in private equity commitments since its founding. Since inception, Spire has invested in 26 platform companies and consummated over 90 add-on acquisitions. For more information, please visit www.spirecapital.com. Spire Capital is a New York-based investment advisor registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
NetFortris provides secure cloud-based UCaaS, managed network solutions, hosted productivity applications, security and specialized applications for enterprises of all sizes. The NetFortris Cloud Solutions Platform, a proprietary cloud services management and analytics platform, provides the foundation for all NetFortris services, and delivers security, analytics, and integrated management for simple, scalable and highly secure cloud communications operations. NetFortris is based in Seattle, Washington, and serves its customers with its carrier-grade connectivity and MPLS network, business and communications applications, and expert customer focused service. To learn more about NetFortris, please visit www.netfortris.com.
Fonality is a leading provider of UCaaS communications software for SMEs and SMBs. Fonality was founded in 2004 and headquartered in Plano, Texas. Fonality’s solutions have received numerous awards for its Heads Up Display and Advance Call Center software applications. Fonality serves more than 250,000 users, delivering expansive bundled software services that offer greater flexibility, more features and functionality, and an exceptional user experience. To learn more about Fonality, please visit www.fonality.com.
Spire Capital is a New York based investment advisor registered with the Securities and Exchange Commission under the Investment Act of 1940. Market conditions can vary over time and past fund performance does not guarantee future fund results.