M&A Deal Summary

UPSTACK Acquires Open Communications

On September 29, 2021, UPSTACK acquired information technology company Open Communications

Acquisition Highlights
  • This is UPSTACK’s 4th transaction in the Information Technology sector.
  • This is UPSTACK’s 11th transaction in the United States.
  • This is UPSTACK’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-09-29
Target Open Communications
Sector Information Technology
Buyer(s) UPSTACK
Deal Type Add-on Acquisition

Target

Open Communications

Sandy, Utah, United States
Open Communications is an IT consulting firm specializing in network, contact center as a service (CCaaS), and unified communications as a service (UCaaS) for businesses of all sizes from SMB to enterprise. The company’s expert staff includes specialists in a range of technologies, such as network, SD-WAN, security, mobility, voice, cloud, colocation, contact center, and IoT from more than 250 providers worldwide. It offers one point of contact for quoting, selecting a provider, provisioning services, and resolving service issues. Open Communications was formed in 2012 and is based in Sandy, Utah.

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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 11 of 28
Sector (Information Technology) 4 of 11
Type (Add-on Acquisition) 11 of 27
State (Utah) 1 of 1
Country (United States) 11 of 28
Year (2021) 11 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
2021-10-19 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.

Buy -
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