Avaya gold partner Consolidated Technologies Inc. (CTI) has sold its hosted VoIP division so it can expand its system integration business.
CTI has enjoyed significant growth in the enterprise communications market and we are putting considerable investment into … implementing Avaya solutions for these large customers,” said David Blau, founding partner and Chief Strategy Officer of CTI. Our Avaya partnership is growing so quickly that it made sense for us to exit the hosted VoIP space and renew our focus on this accelerated business expansion.”
As such, CTI sold its hosted VoIP unit to New York-based cloud communications provider Stage 2 Networks, the companies said on Tuesday. And one of the benefits of the deal is that CTI will partner with Stage 2, “as we still have many customers and prospects that will benefit from hosted services,” Blau said.
Joseph Gillette, CEO of Stage 2 Networks, agreed, in a press release.
“This is a perfect opportunity for both companies to grow our organizations and concentrate on our primary services,” Gillette said.
Stage 2 Networks provides hosted voice and data services to SMBs throughout the United States, using Broadsoft switches. The provider did not say how much it paid for CTI’s hosted VoIP assets, although it did say investment banker Q Advisors served as its exclusive financial adviser.
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December 14 2018 @ 18:50:05 UTC