New York-based Stage 2 Networks has acquired the hosted VoIP business division of Consolidated Technologies, a move the company says will enhance corporate growth through an increased customer base.
Stage 2, a cloud communications company with a portfolio of hosted voice and data services, called the deal “a perfect opportunity for both companies to grow our organizations and concentrate on our primary services.” Details of the deal were not disclosed.
“By acquiring the hosted VoIP division of CTI, we have expanded our market-leading footprint while becoming stronger as a company, both operationally and financially,” said CEO Joseph P. Gillette.
CTI, a converged technologies company and Avaya gold partner, said its growing partnership with Avaya created opportunities for it to exit the hosted VoIP space and renew its focus on this accelerated business expansion.
“CTI has enjoyed significant growth in the enterprise communications market and we are putting considerable investment into our market leading practice of implementing Avaya solutions for these large customers,” said David Blau, founding partner and chief strategy officer of Consolidated . “An added bonus to this transaction is that we will continue to partner with Stage 2, as we still have many customers and prospects that will benefit from hosted services.”
For more:
– see this release
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