Financial


  • Zultys: New Partnerships, Products, Point to Turnaround
    Nearly two years after going bankrupt, laying off employees, and losing partners left and right, Zultys Technologies is back and going strong. The Silicon Valley-based IP equipment maker has spent the intervening months regrouping with new management and investors, and new ...More
    June 12, 2008 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony
  • Perimeter eSecurity Acquires Edgeos
    Perimeter eSecurity has acquired Edgeos Inc., a provider of on-demand, managed vulnerability services which are designed to enable carriers, VARs and other partner organizations to provide security services to their customers through its SaaS-enabled, private-labeled ...More
    June 12, 2008 Posted in News, Voice over IP (VoIP)/IP Telephony
  • NBS Enhances VoIP, Managed Services With Simlab.net Acquistion
    NBS has purchased the operations of Simlab.net, a New Jersey-based managed service provider (MSP) that specializes in deploying managed private WANs, Internet and VoIP services. Simlab and NBS had been providing services to each other for the past five years. NBS said the ...More
    June 12, 2008 Posted in News, Voice over IP (VoIP)/IP Telephony
  • TouchTone Channel Partner Awarded $6 Million Contract
    In a competitive bid, TouchTone channel partner Method One was awarded a contract by the State of West Virginia to provide long-distance services to all participating state, county and local agencies, and political subdivisions. Method One, a local West Virginia vendor, ...More
    June 10, 2008 Posted in News
  • Level 3 Sells Vyvx Unit
    Level 3 Communications Inc. said on Thursday it has shed the advertising distribution business of Vyvx LLC, as it first announced in December. Level 3 is, however, keeping Vyvx’s broadcast unit. That division includes all of the content distribution capabilities ...More
    June 5, 2008 Posted in News
  • TNCI, Agent Alliance Roll Out Equity Plan to Agent Community
    TNCI has teamed with the Agent Alliance buying consortium to revive the agent equity program first made popular in the late ‘90s  as a way to give agents ownership in the telecommunications businesses they helped create. Unlike many earlier efforts, ...More
    June 4, 2008 By Khali Henderson Posted in News
  • West Closes Genesys Acquisition
    Just as fuel prices rise to record levels, West Corp. said it has wrapped the acquisition of conferencing and collaboration provider Genesys SAWest paid $3.88 per Genesys share, or about $345 million. West will pair Genesys with the InterCall Inc. division, as the companies ...More
    May 23, 2008 Posted in News
  • Report: Avaya Cutting 400 Jobs
    Telecom equipment maker Avaya Inc. will slice 400 jobs by the end of May, the Associated Press reported late Wednesday afternoon. An Avaya spokeswoman blamed the weak economy and slow telecom equipment sales for the layoffs, which come after 600 positions were eliminated ...More
    May 21, 2008 Posted in News
  • Cox Business, Nortel Partner for Voice, Data Solutions
    Cox Business said today at The Cable Show that it has extended its business sales force by teaming with telecom equipment solutions provider, Nortel. As part of the multiyear agreement, Nortel Sales Center representatives will design and sell voice, data and equipment ...More
    May 19, 2008 Posted in News
  • Cbeyond Vows to Defend Itself in Lawsuit
    IP services CLEC Cbeyond Inc. said this week it will “vigorously defend” itself and its chairman against a lawsuit alleging insider trading. New Jersey-based law firm Gardy & Notis LLP filed the class-action lawsuit on behalf of an unnamed plaintiff on May ...More
    May 16, 2008 Posted in News