StoneCalibre Acquires AVST
StoneCalibre has completed its acquisition of Applied Voice & Speech Technologies (AVST), a developer of software-based unified communications (UC) solutions for businesses. Financial terms of the deal were not disclosed.
AVST was merged with XMedius Solutions as of Oct. 31. Together, the combined entity will provide a complete set of communication tools that leverage voice and data through IP networks either on premises or in the cloud.
"We are extremely pleased to announce this compelling transaction, as it brings together two highly complementary companies as part of the StoneCalibre family," said Brian Wall, founder and CEO of StoneCalibre, in a statement. "Both have long track records of innovation and commitment to helping their customers build cutting-edge solutions for today's business environments. And, while AVST focuses on improving the productivity of its customers' communications, XMedius enables those communications to be secure."
"The integrated companies' expertise in developing software solutions will allow us to deliver world-class integrated product offerings and services and provide greater value to our customers," said Jean Champagne, president and CEO of XMedius, in a statement. "We're excited to be joining forces with AVST as it enters into the next chapter of its growth trajectory. Blending the complementary UC and secure file exchange offerings of our organizations uniquely positions the combined company at the forefront of a new generation of solutions."