Press release: Acquisition of Openface Inc.

Feb 6th, 2020

Openface Inc. (“Openface”), a leading provider of fiber-based telecom services primarily to small and medium-sized businesses as well as enterprise customers announced that it has been acquired by Beanfield Technologies Inc. (“Beanfield”), an independent telecommunications infrastructure provider in Canada serving the enterprise, carrier and multi-dwelling units markets.

The financial terms of the private transaction were not disclosed.

Openface’s legal counsel was Spiegel Sohmer Inc., led by the team of Frank M. Schlesinger, Alwynn Gillett, Talia Bensoussan with paralegal services supplied by Rosanna D’Antonio and others.

Openface is a telecommunications company that owns and operates a fiber-optic network, as well as a point-to-point wireless service spanning across Greater Montreal and was founded in 1996.

Congratulations to the Openface team, led by Andrew Lassner, Tan Soamboonsrup and Erik Rungi.