Divestiture • Communications

TeleCloud Acquires DiRAD - Nextphone Customer

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date December 4, 2023
Target DiRAD - Nextphone Customer
Sector Communications
Buyer(s) TeleCloud
Sellers(s) DiRAD
Deal Type Divestiture

Target Company

DiRAD - Nextphone Customer

Clifton Park, New York, United States
DiRAD's Nextphone Customer provides cloud-based phone services.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 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 Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1