Parlance Corporation | Stephens

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SELL-SIDE ADVISOR

Parlance Corporation

Value Not Disclosed 12/01/2024 Healthcare IT Complete
Private Companies
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Transaction Details

In December 2024, Volaris Group Inc. (“Volaris”) completed its acquisition of Parlance Corporation (“Parlance”).

The Volaris acquisition enabled Parlance to accomplish several objectives that were important to Parlance stakeholders. Volaris’ core approach is to acquire, operate, and hold vertical market software companies forever. This meant that the Parlance brand and mission would remain intact in the market, a key Parlance objective.

According to Joseph Maxwell, CEO of Parlance, “Volaris’ investment in Parlance is positioning us for long-term success. The resources and strategic guidance they provide are helping us drive towards our growth goals.”

About the company

Parlance Corporation
Parlance is a leading provider of voice-first communication solutions, known for its innovative speech recognition software. Parlance built a strong presence in the telecommunications industry by providing automated attendant systems for large enterprises and Fortune 500 companies. Known for its customer-centric approach, continuous focus on innovation, organizational stability, and proactive managed service, Parlance has become a trusted partner for clients across various industries.

Volaris Group Inc.
Volaris Group is a buy-and-hold acquirer of software businesses focused on the long-term success of the companies and leaders who choose to join them. Volaris is an operating group of Constellation Software Inc. (TSX: CSU).

Sources: Company Website
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