Canadian firm snaps up StarBlue

StarBlue was established as a result of the $500 million merger between Blueface, the Irish cloud telephony company, and US rival Star2Star Communications in January 2018.

Brian Martin and Alan Foy, managing partners at VentureWave Capital Picture: Fergal Phillips

VentureWave Capital, the investment vehicle headed by entrepreneur Alan Foy, has sold its StarBlue business to Sangoma Technologies for an undisclosed fee.

StarBlue was established as a result of the $500 million merger between Blueface, the Irish cloud telephony company, and US rival Star2Star Communications in January 2018.

Both companies continued to operate separately since the merger, while StarBlue was created as a new holding company. Last month, the Blueface business was acquired out of ...