Cloud and Managed Services Provider Birch Communications to Acquire IT Infrastructure Management Company Cbeyond
Cloud and managed services and IP-based communications provider Birch Communications is to acquire IT infrastructure management company Cbeyond. Atlanta-based Birch, which offers services such as voice, broadband and Internet access across the United States, paid approximately $323 million to complete the deal. The company’s stockholders will receive cash payments of around $9.97 per share.
The purchase establishes an organization with around 200,000 business customers and which generates $700 million in annual revenue. The new organization will be underpinned by a 10,000-fiber-route-mile IP-based network with over “500 fiber-lit buildings, 570 collocations and 5 data centers”.
“This transaction will create a nationwide communications and technology services powerhouse and significantly advances our strategy to drive top-line revenue growth by enhancing the premier communications, cloud and managed services that are available to our business customers,” explained Birch CEO and President, Vincent M. Oddo. “The combined company will have a nationwide IP-network with a significant fiber infrastructure, an extensive data center presence in multiple markets, and a relentless focus on providing superior customer service.”
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