Telecom Paper
Voss Solutions acquires LayerX Technologies, raises USD 15 mln
Voss Solutions said it acquired LayerX Technologies, a provider of advanced data analytics and monitoring software for networking and unified communications operators. Voss said the acquisition is part of its growth strategy supporting the accelerated business transformation journeys its customers are undertaking, driven by the seismic shift in employee working practises over the last 24 months. In addition, VOSS raised USD 15 million from existing investors and shareholders to complete this transaction and position the company for ongoing growth and expansion.
The growth funding round was led by Verdane, a Northern European specialist growth equity investor, expanding the investment firm’s shareholding in the company. The company also received new investment capital from Claret Capital Partners which participated with both equity and debt. Existing investors Vodafone Ventures and Fonciere Georges Mignon also supported the funding round.
With the acquisition of LayerX Technologies, Voss will extend its UC and collaboration automation management expertise across the full lifecycle of collaboration platforms – from discovery and migration, across orchestration and fulfillment, through to performance monitoring, management, analytics, and reporting. Benefits to customers will include advanced automation to orchestrate end-to-end processes, actionable insight into collaboration data and drive to self-healing and AIOps, the company said.
