Volaris Group acquires L5 Networks

AUGUST 24, 2026

Volaris Group (Constellation Software) acquires L5 Networks

TARGET

Cloud PBX, CRM, and unified-communications SaaS platform serving Brazilian businesses across eight industry segments, first to offer Cloud PBX as SaaS in Brazil.

Ownership	Founder-owned
Headcount	122 FTEs
Headquarters	São Paulo, Brazil
Leadership	Paulo Chabbouh, Founder and CEO
Sell-side advisor	—

ACQUIRER

Volaris Group

Serial vertical-market software acquirer and operating group within Constellation Software Inc.

Ownership	Subsidiary
Parent	Constellation Software
Headcount	10,001+ FTEs
Headquarters	Mississauga, Canada
Deal lead	Eduardo Miyaki
Buy-side advisor	—

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Volaris Group -> L5 Networks  (2026-08-28)
consolidator_acquisition | Horizontal SaaS | announced
Target: Cloud PBX, CRM, and unified-communications SaaS platform serving Brazilian businesses across eight industry segments, first to offer Cloud PBX as SaaS in Brazil.
Website: l5.com.br | Buyer site: volarisgroup.com
HQ: São Paulo, Brazil | Ownership: founder-owned | Buyer sponsor: Constellation Software | Buyer ownership: subsidiary
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/volaris-group-l5-networks.html

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