Ottawa's Protus IP Solutions acquired for $213 Million

Posted by Rob Lewis

This morning Ottawa's Protus IP Solutions announced that they have been acquired by j2 Global Communications for CDN $213 Million.

Established in 1997, Protus provides Software-as-a-Service communications services and solutions to the business market under a number of very recognizable brands: MyFax (internet fax), Campaigner (email marketing) and My1Voice (virtual phone service). 

Protus is an excellent example of a successful Ontario-based venture-backed success story and underscores the importance of venture capital to Canadian enterprises. 

Protus first raised venture capital investment from Ontario-based institutions in 1999 and the Company has grown to one of the leading SaaS providers in North America.  Institutional shareholders are exiting via the transaction and include BEST Funds, BMO Capital Corporation, Celtic House Venture Partners, Covington Capital Corporation, Edgestone Venture Fund and Mosaic Venture Partners.

Company:
Protus
Website:
http://www.protus.com/
Location:
Ottawa, Ontario, Canada

Protus provides the highest quality Software-as-a-Service (SaaS) communication services and solutions to the business market, including: MyFax® the award-winning and the fastest growing Internet fax service, my1voice™, a feature-rich virtual phone service that connects regardless of phone-type or location and Campaigner®, an affordable email marketing service. Protus' commitment to delivering a superior user... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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