StoneCalibre is pleased to announce that it has completed the acquisition of the Secure Document Exchange business unit, which includes Sagemcom Canada Inc., a subsidiary of Sagemcom Documents SAS in France. The company also announced that Sagemcom Canada Inc. has changed its name to XMedius Solutions Inc. ("XMedius"), effective today. With its global headquarters in Montreal, Canada, XMedius enables companies to securely exchange vital and confidential information using different types of enterprise grade solutions, either on-premises or in the cloud.
Founded in 1996, XMedius is a global leader in its field with its XMediusFAX® solutions, which support the latest secure and standardized T.38 Fax-over-IP (FoIP) and G.711 Fax Pass-Through protocols. XMediusFAX® leverages its FoIP expertise to provide the most secure, reliable and scalable solutions available in the market today. Since its inception, XMedius has been involved in over 12,800 live deployments, addressing SMBs, Enterprises, and Service Providers, spanning a wide spectrum of end-markets including finance, health, government, manufacturing, retail, legal, and education. The company's European operations are based in Paris, France.
"Over the years, XMedius has developed innovative and best-in-class secure document exchange solutions with superior product functionalities," said Brian Wall, Founder and Chief Executive Officer of StoneCalibre. "It has also developed unsurpassed market expertise and exceptional customer service, led by a strong team of experienced executives. Sending and sharing sensitive and confidential information is becoming a key requirement for more and more organizations, and XMedius offers us a solid growth platform in this burgeoning market. We are very pleased to add XMedius to the StoneCalibre portfolio and we will seek additional acquisition opportunities to augment its organic growth."
"Across all industries, information security is rapidly becoming a priority," said Jean Champagne, Chief Executive Officer at XMedius. "Organizations put themselves and their stakeholders at risk when they use unsecure communication technologies such as email or file sharing services to deliver information and that risk is further heightened by potential compliance violations. We are ideally positioned to address these market needs and are very excited to have such a strong partner in StoneCalibre to continue our accelerated global growth. StoneCalibre's long-term investment approach makes them the perfect partner to help us reach the next level."
