M&A Deal Summary

Momentum Telecom Acquires CloudNet Group

On November 30, 2018, Momentum Telecom acquired communications company CloudNet Group

Acquisition Highlights
  • This is Momentum Telecom’s 3rd transaction in the Communications sector.
  • This is Momentum Telecom’s 3rd transaction in the United States.
  • This is Momentum Telecom’s 1st transaction in Arizona.

M&A Deal Summary
Date 2018-11-30
Target CloudNet Group
Sector Communications
Buyer(s) Momentum Telecom
Deal Type Add-on Acquisition
Advisor(s) LoHi Merchant Bank (Financial)

Target

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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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 3 of 4
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Integrated BroadBand Services

Kennesaw, Georgia, United States

Integrated BroadBand Services LLC is a provider of broadband network management software and services. IBBS provides managed software solutions that enable broadband providers to deliver exceptional services and reduce unnecessary operations costs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 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.

Buy -
Mergr

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