M&A Deal Summary

Digerati Acquires NextLevel Internet

On February 8, 2022, Digerati acquired communications company NextLevel Internet

Acquisition Highlights
  • This is Digerati’s 2nd transaction in the Communications sector.
  • This is Digerati’s 3rd transaction in the United States.
  • This is Digerati’s 1st transaction in California.

M&A Deal Summary
Date 2022-02-08
Target NextLevel Internet
Sector Communications
Buyer(s) Digerati
Deal Type Add-on Acquisition

Target

NextLevel Internet

San Diego, California, United States
NextLevel Internet is a provider of cloud-based Unified Communications and Collaboration (“UC&C”), Contact Center, and Managed Connectivity services. The company offers a full suite of UCaaS services nationwide and operates a high-capacity broadband network with extensive reach and a multi-carrier infrastructure. It is known for providing amazing client experiences with its managed installation process, backed by a team of experienced engineers and project managers, and its high-touch Client Support and in-house, live-answer tech support representatives. NextLevel Internet was formed in 1999 and is based in San Diego, California.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Digerati

San Antonio, Texas, United States
Category Company
Founded 1993
Sector Information Technology
Employees78
Revenue 32M USD (2023)
DESCRIPTION

Digerati is a provider of cloud services specializing in UCaaS solutions for the SMB market. Through its operating subsidiary Verve Cloud, Inc. (vervecloud.com), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including, cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. Digerati was founded in 1993 and is based in San Antonio, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-24 Nexogy

Miami, Florida, United States

Nexogy, Inc. is a provider of unified communications as a service ("UCaaS") and managed services, offering a portfolio of cloud-based solutions to the small to medium-sized business market and serving over 1,500 business accounts and 14,000 users across various industries including Education, Health Care, Financial Services, and Real Estate. Nexogy is based in Miami, Florida.

Buy -
Mergr

Product

Company

Legal