Alantra advises Alianza on the acquisition of CounterPath Corporation
SECTORTechnology
ServiceM&A
Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has advised Alianza, a high-growth cloud communications SaaS provider, on the acquisition of CounterPath Corporation (TSE: PATH). The transaction closed on February 28, 2021.
Alianza is a cloud-native, proprietary software platform that enables service providers to deliver modern, scalable, and secure communications to end customers. CounterPath provides video and mobile collaboration technology to service providers, creating significant cross-sell and up-sell opportunities for Alianza.
“Alianza and CounterPath share a common purpose to connect people and businesses via a rich communications experience and Alantra has been an invaluable partner in helping us to execute on this vision,” said Brian Beutler, Chief Executive Officer of Alianza. “We look forward to continuing to work alongside John and his team to pursue strategic acquisitions that complement our aggressive organic growth plans.”
The acquisition further cements Alianza as one of the leading, independent Cloud Communications companies in North America and creates additional opportunity to pursue future M&A. As a result of this transaction, CounterPath has been delisted from the Toronto Stock Exchange and taken private.
“The acquisition of CounterPath by Alianza adds a suite of scalable, enterprise-grade mobile and video collaboration applications that are highly complementary to the company’s core cloud communications offering,” said John Emery, Managing Director at Alantra. “While this was a particularly complicated transaction given CounterPath’s status as a public company, we are excited to continue assisting Alianza in disrupting the traditional unified communications software landscape.”
This transaction helps to solidify Alantra as the leading advisor to Cloud Communications companies globally. The Alantra team advising on this transaction included Mr. Emery (Managing Director), Kevin Hawkins (Director) and AJ Ferrara (Associate).
