M&A Deal Summary

Momentum Telecom Acquires Altus Technology

On February 8, 2021, Momentum Telecom acquired communications company Altus Technology

Acquisition Highlights
  • This is Momentum Telecom’s 4th transaction in the Communications sector.
  • This is Momentum Telecom’s 4th transaction in the United States.
  • This is Momentum Telecom’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-02-08
Target Altus Technology
Sector Communications
Buyer(s) Momentum Telecom
Deal Type Add-on Acquisition

Target

Altus Technology

Brentwood, Tennessee, United States
Altus Technology is a provider of cloud-based unified communications solutions. Altus Technology was founded in 2014 and is headquartered in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Momentum Telecom

Atlanta, Georgia, United States
Category Company
Founded 2000
Sector Communications
DESCRIPTION

Momentum Telecom is a provider of Business Voice, BBX Broadband Management and Unified Communications solutions. Momentum’s solutions offer smart, customizable cloud-based applications including voice, video and collaboration tools that enhance business productivity and efficiency for direct customers and more than 500 nationwide white label and channel partners. Momentum Telecom is committed to delivering reliable and innovative products backed by a geo-redundant network paired with industry-leading uptime and customer service. Momentum Telecom was founded in 2000 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 CloudNet Group

Chandler, Arizona, United States

CloudNet Group LLC is a communications provider that specializes in high-quality cloud voice, mobility, SD-WAN, contact center, and other unified communications solutions. CloudNet focuses on a high-touch, white-glove approach to implementation and training for customers. CloudNet Group was formed in 2011 and is based in Chandler, Arizona.

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