Homegrown Sarasota area tech firm acquired for $437 million

Star2Star was founded in 2006.

  • By Business Observer Staff
  • | 5:00 p.m. January 31, 2021
  • | 0 Free Articles Remaining!
File. Star2Star co-founder and CEO Norman Worthington with President Michelle Accardi.
File. Star2Star co-founder and CEO Norman Worthington with President Michelle Accardi.
  • Manatee-Sarasota
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MANATEE COUNTY — A Canadian company has acquired Star2Star, a cloud communications services and software firm founded in 2006 in a Sarasota garage and now based in south Manatee County, for $437 million.

Markham, Ontario-based Sangoma Technologies Corp. acquired Star2Star, according to a statement. The deal, the release adds, consists of $105 million in cash and 110 million shares of Sangoma, traded on the TSX Venture Exchange in Canada.

 

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