World VoIP NewsStage 2 acquires CTI for joint VoIP PBX venture in New York
Stage 2 acquires CTI for joint VoIP PBX venture in New York
Company Stage 2 Networks, being the substantial provider of cloud communication and hosted PBX application, announced that it has bought the hosted VoIP business detachment of Consolidated Technologies, Inc.(CTI), a converged technologies enterprise and Avaya gold partner. Having this conglomeration, Stage 2 Networks is augmenting its hosted VoIP enterprise and CTI massively enforces its technological integration business; this acquisition ensures both companies to concentrate all marketing efforts on their essentials commitments, as boasted by company officials.
"We are delighted to announce a partnership that expands our mission to become New York's most prominent cloud communications provider," said Joseph P. Gillette, CEO of Stage 2 Networks and a founding member of the Cloud Communications Alliance. “This is an excellent opportunity for both companies to expand our organizations and concentrate on our primary services.” Stage 2 Networks is a major Broadsoft hosted carrier in the New York region and experts in business voice and data solutions. The acquisition will ensure its customer base with additional services that can be incorporated or attached to their current hosted solutions." CTI has demonstrated considerable growth in the enterprise communications market and we are putting massive investment into our well proven marketing efforts of implementing Avaya solutions for these major customers," said David Blau, from Consolidated Technologies." Our Avaya partnership is expanding so fast that it provides sense for us to leave the hosted VoIP environment and renew our commitment on this facilitated business expansion,” Blau added. “An added benefit to this transaction is that we will keep on partnering with Stage 2, as we still have many customers and prospects that will get full advantages from hosted services." “Q Advisors”, a Denver and San Francisco-based investment banking entity, performed as the exclusive financial advisor to Stage 2 in connection with this transaction. In other industry hot news, Webcanyon – a company that concentrates its efforts in different IT services to both business and private customers announced about enlistment of services on Sonetel when it was searching for a more efficient PBX application. That quest led Webcanyon to Sonetel, a Swedish-based company that delivers a free scalable PBXs. Ranked as “the easiest, cheapest and fastest way” to acquire a telephony solution for a business; Sonetel is in the midst of getting its one-year anniversary, having unveiled the first version of its phone system in late 2010. More than a year later, Sonetel has established itself as the only company worldwide offering a free, scalable PBX service, according to company officials. “Where other systems took us hours to get configured, Sonetel was up and running in a couple of minutes,” Petillion noted . “It could be smoothly connected with our existing VoIP telephones, putting up a new line was a task of seconds.”
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