Impact of the Star2Star and Blueface Merger

Impact of the Star2Star and Blueface Merger

Strategic Implications for Star2Star, Blueface, Channel Partners and UCaaS Competitors

RELEASE DATE
25-Jan-2018
REGION
North America
Research Code: 9847-00-A0-00-00
SKU: TE03811-NA-MR_21502
$1,500.00
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SKU
TE03811-NA-MR_21502
$1,500.00
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Description

On January 3rd, 2017, Sarasota, FL-based Star2Star Communications merged with Dublin, Ireland-based Blueface to form an entity with a market value estimated at $500 million (representing a multiple of current revenues). The new entity’s legal name will be StarBlue; however, the two companies will continue to operate under their original brands in their respective domestic regions—i.e., Blueface in EMEA and Star2Star in North America. StarBlue will have a combined employee count of more than 500 with Star2Star bringing in more than 300, and Blueface accounting for the rest. Blueface CEO Alan Foy will become the CEO of Star2Star and StarBlue. Star2Star CEO Norman Worthington will become executive chairman of Star2Star. Nameer Kazzaz, currently CTO at Blueface, will assume the Group Co-CTO role for the merged company with Star2Star CTO Sergey Galchenko. Star2Star President and Chief Revenue Officer Michelle Accardi and Star2Star CMO David Portnowitz will continue to perform their respective functions for the entire group.

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Related Research
On January 3rd, 2017, Sarasota, FL-based Star2Star Communications merged with Dublin, Ireland-based Blueface to form an entity with a market value estimated at $500 million (representing a multiple of current revenues). The new entity’s legal name will be StarBlue; however, the two companies will continue to operate under their original brands in their respective domestic regions—i.e., Blueface in EMEA and Star2Star in North America. StarBlue will have a combined employee count of more than 500 with Star2Star bringing in more than 300, and Blueface accounting for the rest. Blueface CEO Alan Foy will become the CEO of Star2Star and StarBlue. Star2Star CEO Norman Worthington will become executive chairman of Star2Star. Nameer Kazzaz, currently CTO at Blueface, will assume the Group Co-CTO role for the merged company with Star2Star CTO Sergey Galchenko. Star2Star President and Chief Revenue Officer Michelle Accardi and Star2Star CMO David Portnowitz will continue to perform their respective functions for the entire group.
More Information
No Index No
Podcast No
Author Elka Popova
Industries Telecom
WIP Number 9847-00-A0-00-00
Is Prebook No
GPS Codes 141359,9526-C1,9535-C3,9610,9656,9705-C1,9717-C3,9724,9847-64