Telecom Lead U.S: Bright House Networks has signed an agreement to acquire the business of Telovations, a Tampa, Florida-based Cloud Communications provider that delivers businesses hosted voice solutions, including PBX and managed SIP trunking.
The acquisition will help Bright House Networks to meet the diverse needs of the enterprise market with cloud based and managed services, as well as continue to offer small and medium sized businesses additional services.
Telovations is a “Communications-as-a-Service” (CaaS) specialist, helping businesses deploy communications devices and applications on a pay-as-you-go, as-needed basis, eliminating the need for capital investment and ongoing overhead.
The collaboration will help Bright House Networks combine their fiber optic network and managed services offerings with Telovations’ cloud-based unified communications services to provide companies with a much broader array of network capabilities and industry-leading services, according to Leo Cloutier, senior vice president, Corporate Strategy and Business Development, Bright House Networks.
Mark Swanson, co-founder and CEO of Telovations, said, “The combination of Telovations’ innovative Cloud-based Unified Communications offerings and Bright House’s fiber network and broader portfolio of managed services will provide customers some of the most advanced business communications capabilities in the nation.”
The transaction is expected to close within 45-60 days, pending regulatory approvals. Q Advisors LLC, a Denver, Princeton and San Francisco based investment banking boutique, acted as the exclusive financial advisor to Telovations in connection with the transaction.
