Astound acquired by Genesys Conferencing
Stratagem sells $2M company for $50M plus downstream consideration, after securing $5M strategic investment
Astound was a Toronto-based technology leader in web conferencing, but entered the market later than prominent vendors, such as WebEx and Placeware (Microsoft), and lagged them in total capital raised. Stratagem’s efforts over a 12-month period resulted in a strategic investment, an OEM license and finally a high value company sale.
France-based Genesys Conferencing, the world’s largest independent audio conferencing vendor, purchased Astound in order to strategically position Genesys with an integrated voice and web conferencing solution. The valuation at announcement was $50M plus downstream consideration.
The Astound engagement exemplifies the value of our unique approach, which defines strategic partnering as a value-building process as opposed to a singular event.
"The Stratagem team delivered on everything they promised, and more. Their industry knowledge, high service level and unyielding dedication were essential to our success in this transaction."
— Kailash Ambwani, CEO, Astound