Telus

TELUS Corporation, headquartered in Vancouver, Canada, is a leading telecommunications company operating primarily in Canada. It offers a wide range of services, including wireless and wireline voice and data services, Internet Protocol (IP) services, television services, cloud-based solutions, healthcare technology, customer care services, and smart security solutions. As of October 2020, TELUS served over 15.4 million customer connections across various services. In addition to its core telecommunications business, TELUS has expanded into adjacent sectors such as agriculture technology (through TELUS Agriculture) and health technology (through TELUS Health). The company is also committed to using technology for social good and community investment. TELUS Ventures, the company's strategic investment arm, actively invests in innovative technologies that align with TELUS' business and have a positive social impact.

Terry Doyle

Managing Partner and Vice President

Mathew George

Co-Founder and Vice President

Paul Lepage

Chairman

Brian Spencer Martin

Investment Director

Mario Mele

Vice President Corporate Strategy and Controller

Tobias Mueller-Glodde

Principal - TELUS Pollinator Fund for Good

Rich Osborn

Managing Partner

Past deals in TMT

QuintessenceLabs

Venture Round in 2025
QuintessenceLabs specializes in data security technology and solutions designed to protect valuable digital information throughout its lifecycle—whether in transit, at rest, or in use. The company utilizes principles of quantum science to enhance its cybersecurity applications, focusing on robust cryptographic strategies that centralize data security management and policy control. QuintessenceLabs aims to maximize security while improving returns on investment for its clients and minimizing the complexities associated with data protection. Its diverse customer base includes notable financial institutions, technology providers, federal agencies, and defense contractors, underscoring its broad applicability across various sectors.

TELUS International

Acquisition in 2024
Telus International is a global provider of customer service, information technology, and business process outsourcing services, catering to clients in various sectors such as technology, fintech, gaming, healthcare, and telecommunications. The company supports over 175 million customer interactions annually through voice, email, chat, and social media, leveraging its team of more than 22,000 employees across multiple locations, including North America, Europe, and Asia. Its service offerings encompass customer experience solutions, technical support, application development, data analytics, and digital consulting, among others. Established in 2005 and based in Vancouver, Canada, Telus International operates as a subsidiary of TELUS Communications, focusing on innovation and a customer-centric approach to enhance business processes and user experiences for its diverse clientele.

Altima Communications

Acquisition in 2023
Altima Telecom is a telecommunications provider based in Ville Saint Laurent, Quebec, serving both households and businesses across Canada. Established in 1996, the company specializes in delivering high-speed internet, television, and phone services. Utilizing advanced cable and fiber optic technologies, Altima Telecom aims to offer fast, reliable, and affordable telecommunications solutions to its clients. The company's mission focuses on providing innovative services that enhance connectivity for users throughout the region.

QuintessenceLabs

Series B in 2021
QuintessenceLabs specializes in data security technology and solutions designed to protect valuable digital information throughout its lifecycle—whether in transit, at rest, or in use. The company utilizes principles of quantum science to enhance its cybersecurity applications, focusing on robust cryptographic strategies that centralize data security management and policy control. QuintessenceLabs aims to maximize security while improving returns on investment for its clients and minimizing the complexities associated with data protection. Its diverse customer base includes notable financial institutions, technology providers, federal agencies, and defense contractors, underscoring its broad applicability across various sectors.

Competence Call Center

Acquisition in 2019
Competence Call Center is a prominent provider of international calling and business process outsourcing services headquartered in Vienna, Austria. With a workforce of over 4,500 employees across 11 locations in 7 countries, the company is experiencing rapid expansion. Competence Call Center specializes in delivering high-quality call center solutions that offer significant performance advantages and strategic benefits to its clients. The organization has maintained profitability every year since its inception 15 years ago, demonstrating financial stability and a commitment to growth. By focusing on transparent and efficient services, Competence Call Center enables its clients to achieve qualitative customer service that secures a competitive edge in a liberalized market.

Ruckus Wireless

Series G in 2012
Ruckus Wireless, Inc., based in Sunnyvale, California, is a leading provider of advanced wireless systems tailored for the expanding mobile Internet infrastructure market. The company specializes in a diverse range of "Smart Wi-Fi" products designed for mobile carriers, broadband service providers, and corporate enterprises, serving over 48,000 end-customers globally. Ruckus addresses critical Wi-Fi capacity and coverage challenges driven by the increasing traffic on wireless networks, largely due to the widespread use of mobile devices such as smartphones and tablets. With a focus on innovation, Ruckus has developed patented technologies, including adaptive antenna arrays that enhance signal range, improve data rates, and minimize interference. This technology ensures the reliable delivery of multimedia content and services over standard Wi-Fi networks, enabling seamless connectivity for users.

Ruckus Wireless

Series F in 2009
Ruckus Wireless, Inc., based in Sunnyvale, California, is a leading provider of advanced wireless systems tailored for the expanding mobile Internet infrastructure market. The company specializes in a diverse range of "Smart Wi-Fi" products designed for mobile carriers, broadband service providers, and corporate enterprises, serving over 48,000 end-customers globally. Ruckus addresses critical Wi-Fi capacity and coverage challenges driven by the increasing traffic on wireless networks, largely due to the widespread use of mobile devices such as smartphones and tablets. With a focus on innovation, Ruckus has developed patented technologies, including adaptive antenna arrays that enhance signal range, improve data rates, and minimize interference. This technology ensures the reliable delivery of multimedia content and services over standard Wi-Fi networks, enabling seamless connectivity for users.

Fastvibe Corp.

Acquisition in 2008
Fastvibe Corp. is a provider of Web streaming equipment and services for business.

Digit Wireless

Venture Round in 2007
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.

Ruckus Wireless

Series E in 2007
Ruckus Wireless, Inc., based in Sunnyvale, California, is a leading provider of advanced wireless systems tailored for the expanding mobile Internet infrastructure market. The company specializes in a diverse range of "Smart Wi-Fi" products designed for mobile carriers, broadband service providers, and corporate enterprises, serving over 48,000 end-customers globally. Ruckus addresses critical Wi-Fi capacity and coverage challenges driven by the increasing traffic on wireless networks, largely due to the widespread use of mobile devices such as smartphones and tablets. With a focus on innovation, Ruckus has developed patented technologies, including adaptive antenna arrays that enhance signal range, improve data rates, and minimize interference. This technology ensures the reliable delivery of multimedia content and services over standard Wi-Fi networks, enabling seamless connectivity for users.

Brix Networks

Venture Round in 2007
Brix Networks specializes in developing and marketing real-time service assurance and performance management solutions aimed at ensuring the quality of Internet Protocol-based services. Their offerings are designed to verify the performance of various applications, including Voice over Internet Protocol (VoIP), Virtual Private Networks (VPNs), video services, and web-hosted business applications. By focusing on the reliability and efficiency of these advanced services, Brix Networks addresses the growing demand for high-quality performance in an increasingly digital and connected environment.

Ruckus Wireless

Series D in 2006
Ruckus Wireless, Inc., based in Sunnyvale, California, is a leading provider of advanced wireless systems tailored for the expanding mobile Internet infrastructure market. The company specializes in a diverse range of "Smart Wi-Fi" products designed for mobile carriers, broadband service providers, and corporate enterprises, serving over 48,000 end-customers globally. Ruckus addresses critical Wi-Fi capacity and coverage challenges driven by the increasing traffic on wireless networks, largely due to the widespread use of mobile devices such as smartphones and tablets. With a focus on innovation, Ruckus has developed patented technologies, including adaptive antenna arrays that enhance signal range, improve data rates, and minimize interference. This technology ensures the reliable delivery of multimedia content and services over standard Wi-Fi networks, enabling seamless connectivity for users.

Digit Wireless

Series C in 2006
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.

Atreus Systems

Venture Round in 2005
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

MDS Global

Series D in 2005
MDS Global Ltd is a prominent provider of revenue management, business assurance, and analytics software tailored for telecommunications service providers. Founded in 1985 and headquartered in Warrington, United Kingdom, the company specializes in BSS-as-a-Service solutions for virtual network operators, B2B enterprises, and IoT businesses. MDS Global focuses on all aspects of monetization and customer management, delivering a digital operating model that enhances stakeholder experiences and offers significant business agility. Its clientele includes notable companies such as BT Business, eir, iD Mobile, TalkTalk, Telefónica, and Vodafone across various European markets. As of July 2019, MDS Global operates as a subsidiary of Volaris Group Inc.

sentitO Networks

Series D in 2005
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Brix Networks

Series E in 2005
Brix Networks specializes in developing and marketing real-time service assurance and performance management solutions aimed at ensuring the quality of Internet Protocol-based services. Their offerings are designed to verify the performance of various applications, including Voice over Internet Protocol (VoIP), Virtual Private Networks (VPNs), video services, and web-hosted business applications. By focusing on the reliability and efficiency of these advanced services, Brix Networks addresses the growing demand for high-quality performance in an increasingly digital and connected environment.

Digit Wireless

Series C in 2005
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.

Convedia

Venture Round in 2004
Convedia is a provider of next-generation IP media servers that enable telecom service providers to reduce service delivery costs and increase revenues through new approaches to enhanced services. Convedia's product line includes the CMS-6000 Media Server, a carrier-class media server capable of scaling to 18,000 ports per shelf, and the CMS-1000 Media Server, a low-cost, entry-level media server. The company was acquired by RadiSys in September 2006.

IP Unity

Series E in 2004
IP Unity delivers a carrier grade services platform for enhanced voice and telephony applications over ATM, TDM and VoIP Networks. The company's media servers, applications servers, enhanced service applications, and application partners allow customers to quickly and cost effectively offer new services associated with next generation networks while protecting their investment in legacy systems.

Movaz Networks

Venture Round in 2004
Movaz Networks is a manufacturer of broadband optical transport systems based in Norcross, Georgia. Founded in 2000, the company specializes in wavelength division multiplexing (WDM) equipment and offers a range of optical solutions designed for metro, regional, enterprise, and government networks. Their product portfolio includes advanced optical transport systems, reconfigurable optical add-drop multiplexing solutions, and carrier-class offerings that utilize distributed photonic switching and generalized multiprotocol label switching protocols. Movaz Networks markets its products through direct sales, private label partnerships, and value-added resellers, serving telecommunications carriers, cable network providers, research and educational institutions, and government agencies. The company focuses on delivering cost-effective wavelength services to meet the demands of modern networking environments.

Digit Wireless

Series B in 2004
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.

Movaz Networks

Series D in 2004
Movaz Networks is a manufacturer of broadband optical transport systems based in Norcross, Georgia. Founded in 2000, the company specializes in wavelength division multiplexing (WDM) equipment and offers a range of optical solutions designed for metro, regional, enterprise, and government networks. Their product portfolio includes advanced optical transport systems, reconfigurable optical add-drop multiplexing solutions, and carrier-class offerings that utilize distributed photonic switching and generalized multiprotocol label switching protocols. Movaz Networks markets its products through direct sales, private label partnerships, and value-added resellers, serving telecommunications carriers, cable network providers, research and educational institutions, and government agencies. The company focuses on delivering cost-effective wavelength services to meet the demands of modern networking environments.

sentitO Networks

Series C in 2003
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Spotnik Global Communications

Series A in 2003
Spotnik Mobile is a provider of public internet access using unlicensed spectrum.

Movaz Networks

Series D in 2003
Movaz Networks is a manufacturer of broadband optical transport systems based in Norcross, Georgia. Founded in 2000, the company specializes in wavelength division multiplexing (WDM) equipment and offers a range of optical solutions designed for metro, regional, enterprise, and government networks. Their product portfolio includes advanced optical transport systems, reconfigurable optical add-drop multiplexing solutions, and carrier-class offerings that utilize distributed photonic switching and generalized multiprotocol label switching protocols. Movaz Networks markets its products through direct sales, private label partnerships, and value-added resellers, serving telecommunications carriers, cable network providers, research and educational institutions, and government agencies. The company focuses on delivering cost-effective wavelength services to meet the demands of modern networking environments.

Atreus Systems

Series C in 2003
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

Spotnik Global Communications

Series A in 2003
Spotnik Mobile is a provider of public internet access using unlicensed spectrum.

Digit Wireless

Venture Round in 2003
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.

sentitO Networks

Series B in 2003
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

sentitO Networks

Series B in 2002
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Spotnik Global Communications

Series A in 2002
Spotnik Mobile is a provider of public internet access using unlicensed spectrum.

MDS Global

Series C in 2002
MDS Global Ltd is a prominent provider of revenue management, business assurance, and analytics software tailored for telecommunications service providers. Founded in 1985 and headquartered in Warrington, United Kingdom, the company specializes in BSS-as-a-Service solutions for virtual network operators, B2B enterprises, and IoT businesses. MDS Global focuses on all aspects of monetization and customer management, delivering a digital operating model that enhances stakeholder experiences and offers significant business agility. Its clientele includes notable companies such as BT Business, eir, iD Mobile, TalkTalk, Telefónica, and Vodafone across various European markets. As of July 2019, MDS Global operates as a subsidiary of Volaris Group Inc.

Movaz Networks

Series C in 2002
Movaz Networks is a manufacturer of broadband optical transport systems based in Norcross, Georgia. Founded in 2000, the company specializes in wavelength division multiplexing (WDM) equipment and offers a range of optical solutions designed for metro, regional, enterprise, and government networks. Their product portfolio includes advanced optical transport systems, reconfigurable optical add-drop multiplexing solutions, and carrier-class offerings that utilize distributed photonic switching and generalized multiprotocol label switching protocols. Movaz Networks markets its products through direct sales, private label partnerships, and value-added resellers, serving telecommunications carriers, cable network providers, research and educational institutions, and government agencies. The company focuses on delivering cost-effective wavelength services to meet the demands of modern networking environments.

Hostopia.com

Series A in 2001
Hostopia is a prominent provider of web services designed to assist small and medium-sized businesses in establishing and maintaining an online presence. The company primarily serves communication service providers, such as telecommunication carriers, cable companies, and internet service providers, who purchase Hostopia's services on a wholesale basis. These providers then resell the services under their own brands to their customers. Hostopia offers a range of solutions, including website development, domain registration, email services, e-commerce, and online marketing tools, enabling service providers to enhance their core product offerings. By facilitating an easy online experience for small businesses, Hostopia supports its clients in driving additional revenue and fostering customer loyalty.

Telica

Venture Round in 2001
Telica is a telecommunications solution company specializing in VoIP and broadband switching systems. It offers intelligent solutions that enable service providers to deliver reliable data and voice services over public networks. By aggregating, simplifying, and normalizing the switching and transport of voice and data sessions, Telica's systems support both narrowband and broadband access through a unified broadband packet network. The company is particularly focused on serving incumbent local exchange carriers (ILECs) and competitive local exchange carriers (CLECs), leveraging its expertise in SS7 switching and intelligent networking to enhance service delivery.

Digit Wireless

Series A in 2001
Digit Wireless, operates as a user interface innovation company. It offers Fastap keypad technology solutions that enable to discover, access, and use messaging, mobile data, and voice services. The company licenses its technology to mobile manufacturers and operators. Digit Wireless, Inc. was founded in 2000 and is headquartered in Burlington, Massachusetts with additional offices in Beijing, Shanghai, Hong Kong, London, and Seoul.
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