Firm News January 29, 2021
Troutman Pepper Advises Star2Star in $437M Sale to Sangoma
BERWYN, Penn. – Troutman Pepper counseled StarBlue, Inc. (dba Star2Star Communications, herein “Star2Star”), a leader in the cloud communications space, in its $437 million sale to Sangoma Technologies Corporation (TSXV: STC). The deal positions Sangoma in the upper echelon of the cloud services industry. Read a company press release about the cash and stock transaction.
Star2Star, based in Sarasota, Florida, is a privately-held leading provider of full-spectrum, internally developed, cloud-native communications services delivered via a high availability, multi-tenant platform. Star2Star targets the highest value market segments in business communications, including mid-market and enterprise size customers, through solutions that enable digital transformation.
Troutman Pepper Partners Chris Miller and Nick Stawasz led a team advising Star2Star in its acquisition. Their practices are focused in the areas of mergers and acquisitions, private equity, venture capital, securities, technology law and general corporate matters.
Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions.
About Troutman Pepper
Troutman Pepper is a national law firm known for its higher commitment to client care. With more than 1,200 attorneys in 23 U.S. cities, the firm partners with clients across every industry sector to help them achieve their business goals. Read more about the firm’s litigation, transactional, and regulatory practices at troutman.com.
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