M&A Deal Summary

National Rural Telecommunications Cooperative Acquires NeoNova Network Services

On July 1, 2013, National Rural Telecommunications Cooperative acquired internet software and services company NeoNova Network Services

Acquisition Highlights
  • This is National Rural Telecommunications Cooperative’s 1st transaction in the Internet Software and Services sector.
  • This is National Rural Telecommunications Cooperative’s 1st transaction in the United States.
  • This is National Rural Telecommunications Cooperative’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2013-07-01
Target NeoNova Network Services
Sector Internet Software and Services
Buyer(s) National Rural Telecommunications Cooperative
Deal Type Add-on Acquisition

Target

NeoNova Network Services

Morrisville, North Carolina, United States
website
NeoNova is a nationwide provider of ISP, ISP back office services, as well as a leading provider of VoIP, IP Engineering, and IPTV integration and managed services.

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Buyer(S) 1

Buyer

National Rural Telecommunications Cooperative

Herndon, Virginia, United States

website

Category Company
Sector Internet Software and Services
DESCRIPTION

The National Rural Telecommunications Cooperative (NRTC) represents the advanced telecommunications and information technology interests of 1,500 rural utilities and affiliates in 48 states. We help rural electric and telephone utilities strengthen their businesses with solutions uniquely suited to the needs of rural consumers.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Pulse Broadband

Chesterfield, Montana, United States

Pulse Broadband LLC is a provider of fiber technology services to underserved areas. It partnered with cooperatives, municipal entities, and private groups to implement successful FTTH projects.

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