Artisoft to Acquire Vertical

Greg Galitzine : Greg Galitzine's VoIP Authority Blog
Greg Galitzine

Artisoft to Acquire Vertical

And the acquisitions keep piling up!

Artisoft, Inc., announced it has entered into an agreement to acquire privately held Vertical Networks, Inc. Vertical Networks makes distributed IP-PBX software and communications solutions for large enterprises. With the acquisition, Artisoft is looking to increase its customer base and market, including the addition of several large enterprise customers in the retail, financial services, and healthcare verticals, as well as expand the breadth and scope of its technology and product offerings to include distributed enterprise solutions.

Under the acquisition agreement, Artisoft will pay up to $19 million in cash for Vertical Networks. The acquisition is expected to close within several business days.

Artisoft Chairman William Y. Tauscher will serve as chairman and CEO, and Vertical Networks founder Scott K. Pickett will serve as CTO, of the combined company.

The acquisition watch continues. Who will be next?



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