Stage 2 Networks Acquires VOIP Division of Consolidated Technologies
Stage 2 Networks' customers will have additional service options integrated or added to their current hosted solutions.Stage 2 Networks, a cloud communications leader in the New York metropolitan area with a portfolio of hosted voice and data services, is buying the hosted voice over IP business division of Consolidated Technologies, a converged technologies company and Avaya gold partner. The acquisition allows for both companies to focus on their core areas of strength, with Stage 2 Networks expanding its hosted VOIP enterprise and CTI strengthening its system integration business, the companies explained in a joint statement. As a Broadsoft hosted carrier in the New York metropolitan area and specialists in business voice and data solutions, Stage 2 Networks' newly acquired customers will have additional service options that can be integrated or added to their current hosted solutions. In addition, Stage 2 provides live customer support 24/7. Q Advisors, a Denver and San Francisco-based investment banking boutique, acted as the exclusive financial adviser to Stage 2 in connection with this transaction.
"We are excited to announce a deal that furthers our mission to become New York's leading cloud communications provider. This is a perfect opportunity for both companies to grow our organizations and concentrate on our primary services," Joseph Gillette, CEO of Stage 2 Networks and a founding member of the Cloud Communications Alliance, said in a statement. "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."