M&A Deal Summary

UPSTACK Acquires Global Communication Networks

On October 19, 2021, UPSTACK acquired communications company Global Communication Networks

Acquisition Highlights
  • This is UPSTACK’s 5th transaction in the Communications sector.
  • This is UPSTACK’s 12th transaction in the United States.
  • This is UPSTACK’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-10-19
Target Global Communication Networks
Sector Communications
Buyer(s) UPSTACK
Deal Type Add-on Acquisition

Target

Global Communication Networks

Deerfield Beach, Florida, United States
Global Communication Networks is a connectivity integrator that provides businesses with vendor-neutral colocation, networking, cloud computing, voice, and project management services from more than 300 partner providers globally. Global Communication Networks was founded in 1997 and is based in Deerfield Beach, Florida.

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Buyer(S) 1

Buyer

UPSTACK

New York, New York, United States
Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

UPSTACK is transforming the way cloud and internet infrastructure is sourced and sold. The company uses advanced technology to enable an extensive team of cloud infrastructure advisors to offer customized solutions for businesses of all sizes. With UPSTACK, business buyers streamline IT procurement by tapping into a single source for mission-critical technology services from hundreds of proven providers along with the professional guidance to identify and evaluate the best solutions. UPSTACK was founded in 2017 and is based in New York City.

DEAL STATS #
Overall 12 of 28
Sector (Communications) 5 of 9
Type (Add-on Acquisition) 12 of 27
State (Florida) 1 of 5
Country (United States) 12 of 28
Year (2021) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Legacy Solutions

Chicago, Illinois, United States

Legacy Solutions is a telecommunications consulting firm specializing in forensic telecom expense audits and vendor management. The company provides technical and financial justification support for enterprises’ most complex telecommunications issues. Today, it uses proven, collaborative processes and resources to deliver a comprehensive suite of professional services that address the challenges enterprises face in securing optimal cost-management practices when bridging the gap between legacy infrastructure and emerging technology services. Legacy Solutions was formed in 2003 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 teXium

Stuart, Florida, United States

teXium is a technology and communications agency representing more than 100 technology providers nationwide. teXium offers businesses a single source for unbiased advice and best-value services from major providers of telecommunications, cloud computing, and managed IT services. teXium was founded in 2009 and is based in Stuart, Florida.

Buy -
Mergr

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Company

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