Intermedia Intelligent Communications Acquired by 26North Partners | Technology M&A Deal

26North Partners has completed the acquisition of Intermedia Intelligent Communications, a enterprise software business in California, for $37 billion. Intermedia Intelligent Communications provides AI-powered cloud communications, collaboration, and customer engagement solutions, serving global enterprise users from Sunnyvale, CA. The platform supports partner-first growth through integrations and AI innovation, aligning communications and customer engagement workflows for vertical markets. The technology M&A deal is a platform acquisition backed by private equity, with 26North Partners acquisitions expanding its enterprise software footprint in CA. The closed transaction follows a previously disclosed deal and is intended to accelerate AI and vertical market capabilities, international expansion, and selective strategic acquisitions.