Ottawa-based Versature announced Tuesday it had raised another $675,000 in debt and bank financing, bringing the total of the last three rounds to $1 million.
The company said the money would go toward scaling subscriber growth, which was at 40 per cent last year.
“This financing will allow Versature the flexibility to grow organically or through strategic acquisitions, as opportunities present themselves,” Versature CEO Paul Emond said in a statement. “We believe this highly fragmented industry is ripe for consolidation and Versature intends to be a leader in this space.”
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Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
Versature’s hosted phone systems are available in 950 towns and cities across Canada. In 2014, the company was the country’s fifth-largest service provider by revenue and subscriber growth, according to the Canadian Hosted PBX Services Market Report. The report said Versature had six per cent market share in Canada.
