Acquisition Enhances ClearlyIP’s Ability to Deploy Large-Scale Carrier-Grade Services to Businesses and Other Communications Providers Across The Globe.
NEENAH, WISCONSIN, and MONTREAL, QUEBEC, December 10, 2019 – Clearly IP Inc (“ClearlyIP” or the “Company”), a recently launched startup founded by a team with decades of leadership in telecommunications, announced today the acquisition of all telecom assets of Montreal based Modulis.ca Inc (“Modulis”).
Modulis, Founded in 2006, is a premium provider to mid-sized and large enterprises with Voice over IP (VoIP) phone services. Specializing in providing reliable and redundant phone systems on a global scale with its multi-tenant, load-balanced, and failover-enabled Communications Platform as a Service (CPaaS) platform. Modulis services users throughout the United States, Canada, and European markets, offering support availability in both English and French languages.
Tony Lewis, ClearlyIP’s CEO, said, “This second acquisition in six months is further evidence that ClearlyIP’s vision of rapidly building an industry-leading suite of integrated hardware, software solutions, and services around our unique core engineering and development strengths strategy is paying off. Modulis is an ideal fit with our strategic objectives given the similarities between our businesses. We expect the Modulis acquisition to be a natural fit with ClearlyIP’s business and culture. Furthermore, our customers will continue to benefit from the same high levels of service quality, customer care and innovation from ClearlyIP that they’ve come to expect from Modulis.”
This acquisition furthers ClearlyIP’s reach, adding an additional office location and a Canadian entity in Montreal, Quebec, that will extend and strengthen our in-market presence across Canada. With this transaction, ClearlyIP greatly enhances our ability to provide large scale offerings as a leading VoIP infrastructure and solutions provider for OEMs, resellers and communications providers globally.
Highlights of the deal include:
- Contributes additional financial scale with an established base of resellers and diverse, high-value business customer base with a high percentage of MRR, high ARPU and low churn relative to industry averages.
- Accretive acquisition to the Balance Sheet of ClearlyIP
- Complements ClearlyIP’s comprehensive portfolio of customer premise equipment and cloud services with similar best-in-class solutions, services and a company with which it shares many operational synergies.
- Brings together a highly capable staff of experienced VoIP, UCaaS, CPaaS, WEBRTC, Cloud Services professionals with the expertise to facilitate the more rapid integration of the business and execution of ClearlyIP’s strategy.
- Combines two teams long known for a passion for Open Source real-time communications, bringing together the original people that brought you FreePBX®️ the world’s most popular open-source PBX platform and the largest certified Asterisk®️ team in Canada!
- Over the coming months, ClearlyIP will dedicate additional resources to grow and transform the Modulis and ClearlyIP platforms to provide next-generation products and services to its customers.
Adrien Laurent, President and Chief Executive Officer of Modulis.ca Inc, will be joining the ClearlyIP team as Vice President of Canadian Operations, he noted “We believe that by joining ClearlyIP, we can deliver greater value to our customers while being in a better position to expand and develop new products and customer relationships. We will also be able to build tighter features integrated into our platforms by utilizing ClearlyIP phones and SIP Trunking services and as a growing, international organization and a highly respected industry leader, ClearlyIP also provides our employees with greater opportunities for career advancement and development. Together, we will continue to create value for our customers as we leverage each other’s strengths. We are thrilled to be joining the ClearlyIP team”
Bryan Walters, ClearlyIP co-founder and Chief Technology Officer added “We’re excited for the new experienced talent joining our growing company. Modulis started with a trusted and solid open-source framework and added their own proprietary knowledge and built a robust, customizable and highly scalable multi-tenant carrier-grade platform. We’ll use that platform in our next-generation product offerings to support enterprise customers and our communications partners’ needs. Having a highly available, multi-tenant offering with support for large scale deployments with white label and branding capabilities has been a dream of the ClearlyIP Team for years”
“Modulis’ more than 40,000 users will have access to ClearlyIP’s growing portfolio of cloud solutions and custom hardware and software products and services, driving upselling and cross-selling opportunities.” stated, Preston McNair, Chief Revenue Officer of ClearlyIP. “This acquisition also adds a well-run experienced team of employees and additional resellers and agents across direct and indirect sales channels with a customer-first mindset and an impressive track record of growing revenue, bolstering the combined company’s channel commitment, the new offerings will enable our partners to choose ClearlyIP for more of their customer’s needs. We look forward to welcoming Modulis customers into the ClearlyIP family and bringing our customers best-in-class customer service, and innovative new features in the immediate future with valuable offers and upgrades.”
ClearlyIP will integrate the network and billing systems over the next few months with the goal of minimally impacting customers while making the changes necessary to significantly enhance service offerings. Notices will be provided to Modulis customers prior to making any changes in their services. Existing Modulis customers will continue to receive the same services and all agreements, points of contact, and billings will continue uninterrupted.
Nicolet National Bank of Neenah, WI served as the exclusive financial advisor to Clearly IP Inc in connection with this transaction. Funding was provided by Nicolet along with ClearlyIP cash reserves.
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About Clearly IP Inc
With decades of leadership in communications and our own intellectual property, the team at ClearlyIP provides world-class telecommunications services, applications and customer premise hardware to businesses, ITSP’s, OEM’s and other communications providers across the globe. Product offerings include Brandable Carrier-Grade IP Phones, VoIP Appliances, a Suite Advanced Cloud Services and a feature-rich SIP Trunking platform with full compliance with Kari’s Law, ClearlyIP is privately held and headquartered in Neenah, Wisconsin and utilizes a “Build and Buy” strategy for company growth, building products that help us grow organically, and via strategic acquisitions, more at www.clearlyip.com