Westbridge Capital Acquires Toepoke Software
Westbridge Capital Ltd. (Westbridge), a private equity management company, announced today that it has acquired the business of Toepoke Software Inc, owner of VoIP Spear, which provides monitoring and alerting services for customers experiencing issues with voice quality on VoIP phone calls.
About Toepoke Software
Toepoke Software Inc (Toepoke) is the owner of VoIP Spear, an online service that provides monitoring and alerting services for customers experiencing issues with voice quality on VoIP phone calls. VoIP Spear operates 24x7x365 and serves customers across the globe.
VoIP Spear is implemented using Toepoke's proprietary software which is installed on servers across the globe. Customers are provided real-time visibility to the voice quality issues they are experiencing. VoIP service providers can use this information to assist their troubleshooting and support processes.
"We are delighted to add Toepoke Software to our portfolio of companies. VoIP Spear has become the trusted source for VoIP troubleshooting over the last 12 years," said Michael Meekins, President and CEO of Westbridge. "In addition, we're excited that Henry Fernandes, President of Toepoke, will continue to work with us as we grow the business".
Financing for the acquisition was arranged by Westbridge Capital Partners Income Trust, a mezzanine debt fund managed by Westbridge Capital Ltd.
About Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.
About Westbridge Capital Partners Income Trust
Westbridge Capital Partners Income Trust is a Canadian domiciled Mutual Fund Trust managed by Westbridge Capital Ltd. The Fund makes high yield loans to mature operating companies and distributes the associated income stream to investors. The Fund makes monthly distributions to investors and targets annual distribution of income equal to 11% of an investor’s contributed capital.