Intermedia to Acquire Cloud Communications Solutions Provider Telanetix
January 23, 2013
Grazed from TalkinCloud. Author: Chris Talbot.
Intermedia, a provider of cloud services and one of the largest third-party providers of hosted Microsoft Exchange services, is planning to acquire cloud-based communications services providers Telanetix for about $55 million, including the assumption of approximately $13 million in net debt and certain liabilities.
With the pending acquisition, Intermedia plans to expand its Office in the Cloud strategy, which includes an integrated suite of cloud services for small and medium businesses. Telanetix does business under the AccessLine brand, and through that, Intermedia will gain about 100 new staff members with experience in providing hosted voice services…
For Intermedia, this will add new cloud-based voice services to its portfolio of cloud services for the cloud. Telanetix’s products include a cloud-based business VoIP phone service, a SIP trunking service and modular, cloud-based individualized services. By acquiring Telanetix, Intermedia will also gain a channel partner community that is already well-versed in Telanetix’s cloud-based voice solutions…
Read more from the source @ http://talkincloud.com/cloud-computing-mergers-and-acquisitions/intermedia-acquire-cloud-communications-solutions-provider-