Industry Deals
We’ve scoured the airwaves and assembled a list of the latest financial transactions in the communications industry.
West Corporation to Acquire Holly Connects; Purchase to Create a Single Source for Premium Hosted and On-Premise IVR Deployment Options
OMAHA, Neb.–(BUSINESS WIRE)–West Corporation, a leading provider of technology-driven, voice-oriented solutions, announced that it has entered into an agreement to acquire Holly Connects, a premier provider of carrier-grade voice platforms.
VeriFone Expands into South Korea with Orange Logic Acquisition
SAN JOSE, Calif.–(BUSINESS WIRE)–VeriFone Holdings, Inc. (NYSE: PAY) announced that it is acquiring the assets of Orange Logic Ltd., a South Korean payment systems provider. Financial terms were not disclosed.
Symantec Set to Acquire VeriSign for $1.28B
Security and storage powerhouse Symantec announced Wednesday that it signed a deal to purchase Verisign’s Identity and Authentication division for $1.28 billion.
GENBAND Completes Acquisition of Nortel’s CVAS Assets
PLANO, Texas–(BUSINESS WIRE)–GENBAND, a leading developer of next-generation networking solutions and services, announced the completion of its acquisition of substantially all assets of the Nortel Carrier VoIP and Application Solutions Business (CVAS).
Empirix Acquires Mutina Technology
BEDFORD, Mass.–(BUSINESS WIRE)–Empirix Inc., the market leader of service quality assurance solutions for new IP communications, announced it has acquired privately held Mutina Technology S.p.A., an Italy-based provider of monitoring surveillance and analysis technologies for Mobile Broadband (MBB), Next Generation Networks (NGN), SS7/Sigtran Signaling, VoD/IPTV, and IP Core for Telecom and Enterprise Networks.
PAETEC Acquires Quagga
FAIRPORT, N.Y.–(BUSINESS WIRE)–PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, announced that its wholly-owned subsidiary, PAETEC Corp., has closed on the acquisition of Quagga Corporation, a privately-held Sacramento-based company.
Broadpoint Announces Merger With Cellular One
HOUSTON–(BUSINESS WIRE)–Broadpoint, a leading provider of offshore telecommunications and network services, announced its completed agreement to merge with MTPCS, LLC, d.b.a. Cellular One, a provider of nationwide GSM/EDGE voice and data communications services.
Cablevision Announces Acquisition of Bresnan Communications
BETHPAGE, N.Y.–(BUSINESS WIRE)–Cablevision Systems Corporation (NYSE: CVC) and Bresnan Communications, which is majority owned by Providence Equity Partners, announced a definitive agreement under which a newly-formed subsidiary of Cablevision will acquire Bresnan in a transaction valued at $1.365 billion.
Tatara Systems Announces $7 Million Financing
ACTON, Mass.–(BUSINESS WIRE)–Tatara Systems, the leader in SIP-based network solutions for femtocell convergence, announced that it has secured a $7 million financing.
AT&T Completes Acquisition of Divestiture Properties from
Verizon Wireless
DALLAS–(BUSINESS WIRE)–AT&T* completed its acquisition of wireless assets from Verizon Wireless. The transaction enhances AT&T’s wireless network coverage in primarily rural areas in 79 service areas across 18 states.
Ludwig Enterprises, Inc. Acquire Target Market Advertising Technology
POMPANO BEACH, Fla.–(BUSINESS WIRE)–Ludwig Enterprises, Inc. (Pink Sheets:LUDG) Board of Directors announces it has entered into a licensing agreement with Servicio Digital SA for use of Servicio’s Target Marketing Broadcast patented technology.
Sparkplug Completes Acquisition of MetroBridge Phoenix Assets and Expands Its Presence in Mesa and South Phoenix
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Sparkplug Communications, a provider of wireless business broadband voice and data services based in Scottsdale, Ariz., announced that it has completed its acquisition of Phoenix-area business assets from MetroBridge Networks, including all customer contracts, network infrastructure and related assets.
eCrypt Technologies, Inc. (ECRY.OB) Secures $2 Million in Financing
BOULDER, Colo.–(BUSINESS WIRE)–eCrypt Technologies, Inc. (OTCBB: ECRY) is pleased to announce it has secured USD$2 million pursuant to a financing agreement signed in April. To date, eCrypt Technologies, Inc. (the “Company”) has received $400,000.
Lightyear Network Solutions to Acquire SouthEast Telephone, Inc.
LOUISVILLE, Ky.–(BUSINESS WIRE)–Lightyear Network Solutions, Inc. (OTCBB: LYNS), a provider of telecommunication services to large, medium and small businesses, as well as residential consumers throughout North America, announces an agreement to acquire the business assets of SouthEast Telephone, Inc., a Kentucky-based telecommunications company.
KeyOn Completes Ninth Acquisition
OMAHA, Neb.–(BUSINESS WIRE)–KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, announced it has completed the acquisition of substantially all of the wireless broadband assets of TS Wireless, a division of Technology Specialists Group, Inc., increasing the company’s already substantial network footprint in Illinois.
Synchronoss Technologies, Inc. Announces Agreement to Acquire FusionOne, Inc.
BRIDGEWATER,
N.J.–(BUSINESS WIRE)–Synchronoss Technologies, Inc. (NASDAQ: SNCR), the leading global provider of on-demand transaction management software platforms, announced that it has entered into an agreement to acquire privately-held FusionOne, Inc., the established leader in mobile content transfer and synchronization technology.
C$ cMoney Secures $100 Million Financing from AGS Capital Group, LLC
HOUSTON–(BUSINESS WIRE)–cMoney, Inc., a new mobile technology company based in Houston, announced it has received a commitment of $100 million in funding from AGS Capital Group, LLC, of New York City. The investment is expected to support the expansion of the company as well as the launch of C$ cMoney, an innovative mobile platform for the financial services industry.