Irish VoIP company Blueface and US telecoms company Star2Star have agreed to a whopping $500m (£368.8m) merger that they hope will push them into becoming a global powerhouse telecoms provider.
‘Finacial times’ has dubbed the merge ‘the second significant deal in the cloud communications market after Cisco System’s $1.9b BroadSoft takeover’.
What does the merger mean for the combined groups?
The combined group hopes to be able to compete against Cisco’s BlueSoft in a bid to become one of the world’s largest communications company
Alan Foy, CEO of Blueface will rise to the stage as the group CEO of StarBlue. Here’s what he said about the new merger :
“The merger of Blueface and Star2Star represents a game changing event in the unified communications as a service (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,”
“For now, it is very much business as usual and there will be no change in branding or in the preservation of vital relationships with our partners and customers across our services in Star2Star and Blueface. In the not too distant future, we shall bring further enhanced innovation-led offerings across a full spectrum of products to our partners and customers and to the wider market which leverages the best of both companies’ capabilities and talent.”
Norman Worthington, CEO of Star2Star, will now act as Executive Chairman to BlueStar.
Here’s what he had to say about the merge :
The merger of our two companies is a fine example of how two businesses with a similar entrepreneurial culture can work together to challenge the marketplace with an unrivaled full spectrum offering ranging from hybrid to hosted with an array of value added features and services. This merger of Star2Star and Blueface creates a combined company with the breadth of capability, reach and innovation to be a true global leader in the UC space.”
