M&A Deal Summary

Shared Technologies Acquires Cross Telecom

On May 2, 2011, Shared Technologies acquired information technology company Cross Telecom

Acquisition Highlights
  • This is Shared Technologies’ 2nd transaction in the Information Technology sector.
  • This is Shared Technologies’ 3rd transaction in the United States.
  • This is Shared Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-05-02
Target Cross Telecom
Sector Information Technology
Buyer(s) Shared Technologies
Deal Type Add-on Acquisition

Target

Cross Telecom

Bloomington, Minnesota, United States
Cross Telecom Corp.is a service provider of converged and internet protocol technologies and unified communications. Cross' portfolio of solutions and services includes voice, data, Internet-protocol telephony, wireless and CrossNet maintenance and support provided to Fortune 1000 customers.

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Buyer(S) 1

Buyer

Shared Technologies

Coppell, Texas, United States
Category Company
Sector Information Technology
DESCRIPTION

Shared Technologies Inc. is a North American unified communications and managed services provider. Shared sells, installs, and maintains communications solutions, including the latest in unified communications, voice and data technologies, contact center, network security, and traditional telephony.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 Communication Management Services

Richardson, Texas, United States

Communication Management Services, Inc. is a full service provider of outsourced network management and monitoring solutions for small-to-midsize telco service providers and enterprises.

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