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Riverside Partners-backed Calero Software buys Veropath

Calero Software LLC, a portfolio company of Boston-based private equity firm Riverside Partners LLC that provides communications and cloud lifecycle management software and managed services, purchased Veropath Ltd. for an undisclosed sum.

Edinburgh, Scotland-based Veropath provides telecom expense management solutions in the U.K. and Europe.

Veropath CEO David Booker will become managing director at Calero as part of the transaction, which more than doubles the latter's European team, according to a June 6 release.