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  6. TeleCloud Acquires DiRAD - Nextphone Customer

M&A Deal Summary

TeleCloud Acquires DiRAD - Nextphone Customer

On December 4, 2023, TeleCloud acquired communications company DiRAD - Nextphone Customer from DiRAD

Acquisition Highlights
  • This is TeleCloud’s 1st transaction in the Communications sector.
  • This is TeleCloud’s 1st transaction in the United States.
  • This is TeleCloud’s 1st transaction in New York.

M&A Deal Summary
Date 2023-12-04
Target DiRAD - Nextphone Customer
Sector Communications
Buyer(s) TeleCloud
Sellers(s) DiRAD
Deal Type Divestiture

Target

DiRAD - Nextphone Customer

Clifton Park, New York, United States
DiRAD's Nextphone Customer provides cloud-based phone services.

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Buyer(S) 1

Buyer

TeleCloud

Morristown, New Jersey, United States
Category Company
Founded 1982
Sector Communications
DESCRIPTION

TeleCloud is a provider of cloud-based telecommunications technology. TeleCloud was founded in 1982 and is based in Morristown, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

DiRAD

Clifton Park, New York, United States
Category Company
Founded 1984
Sector Business Services
DESCRIPTION

DiRAD is a provider of contact center solutions, IVR systems, and chat bot technology for government agencies and enterprise businesses. DiRAD was founded in 1984 and is based in Clifton Park, New York.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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