announces the acquisition of the VoIP and Internet services business accounts of RockyNet
. The acquisition of RockyNet’s IP telephony customers increases IP5280’s customer base by over 15% and solidifies IP5280’s position as the largest business IP telephony communications provider in the Rocky Mountain region. Financial terms of the deal were not disclosed; however, the acquisition is immediately accretive to IP5280 and bolsters 2011 revenue and EBITDA.
Also announced, the companies have joined forces to serve businesses’ demand for cloud-based communications through a commercial agreement which enables the companies to leverage their strengths in the joint design, delivery and operations of IP services to business customers throughout the region. Both companies are recognized innovators in IP communications, and the new partnership allows both to focus and to specialize on their strengths, while arming them with broad cloud communication functionality, such as voice, managed application services, server virtualization, security and service delivery.