StoneCalibre acquires AVST, merges with XMedius Solutions

U.S. private equity firm StoneCalibre has acquired Applied Voice & Speech Technologies Inc (AVST), a Foothill Ranch, California-based developer of software-based unified communications solutions. No financial terms were released. StoneCalibre said it merged the company with XMedius Solutions Inc, a secure file exchange solutions business with headquarters in Montréal. StoneCalibre acquired XMedius from France's Sagemcom Documents SAS in 2015. It said the combined entity will provide a complete set of communication tools that leverage both voice and data. AVST was formerly backed by Ignition Partners and Second Alpha Partners.

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