Uniserve Communications Corporation Signs Definitive Agreement to Acquire Parasun Technologies Inc.

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Uniserve Communications signed a definitive agreement to acquire Parasun Technologies, a BC-based software and services provider for cable operators and electric utilities. Uniserve will pay $10 million on closing plus up to $2.5 million contingent on performance targets, with the deal expected to close in mid‑May subject to financing, regulatory approval, and remaining shareholder agreements. Parasun serves over 140,000 end-users, has about $10 million in annual sales, roughly $1.5 million EBITDA, and has grown organically at over 30% annually, with more than 80% of revenue from the U.S. The companies expect combined revenues to reach about $35 million on current run-rates and say their product and service capabilities are complementary.

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