Qvantel, a global leader in digital business support systems (BSS), has announced the acquisition of Optiva Inc., a prominent provider of cloud-native charging and agentic AI-powered BSS solutions. The transaction, structured as a statutory plan of arrangement under Canadian law, will see Qvantel acquire all issued and outstanding Optiva shares, with shareholders receiving $0.25 per share. Additionally, holders of US$108.6 million in 9.75 percent senior secured PIK toggle notes will receive a combination of Qvantel shares, new notes, warrants, and potential cash payments.

The combined entity will serve over 70 communication service providers (CSPs) across more than 40 countries, leveraging the expertise of over 1,000 professionals in 30+ countries. The deal aims to create a top-tier global BSS provider with an expanded portfolio of AI-enabled products, real-time revenue management, and agile solutions for MVNOs and MVNEs.

The transaction is subject to customary approvals and is expected to close by December 2025, after which Optiva shares will be delisted from the TSX.

Legal advisors for Optiva and its special committee are Bennett Jones LLP, with Raymond James Ltd. acting as financial advisor. Qvantel is advised by Borden Ladner Gervais LLP and Eversheds Sutherland (International) LLP.

The Optiva board, following a unanimous recommendation from its independent special committee, has endorsed the transaction as fair and in the best interests of shareholders and noteholders