Stage 2 Networks Acquires CTI Hosted VoIP Division
Stage 2 Networks, a cloud communications provider in the New York metro area with a portfolio of hosted voice and data services, has acquired the hosted Voice Over IP (VoIP) business division of Consolidated Technologies (CTI), a converged technologies company.
The acquisition allows both companies to focus on their core areas of strength, with Stage 2 Networks expanding its hosted VoIP enterprise and CTI strengthening its system integration business.
"This is a perfect opportunity for both companies to grow our organizations and concentrate on our primary services," said Joseph P. Gillette, CEO of Stage 2 Networks, in a statement. "By acquiring the hosted VoIP division of CTI, we have expanded our market-leading footprint while becoming stronger as a company, both operationally and financially."
"CTI has enjoyed significant growth in the enterprise communications market and we are putting considerable investment into our market-leading practice of implementing Avaya solutions for these large customers," said David Blau, founding partner and chief strategy officer of Consolidated Technologies, in a statement. "Our Avaya partnership is growing so quickly that it made sense for us to exit the hosted VoIP space and renew our focus on this accelerated business expansion. An added bonus to this transaction is that we will continue to partner with Stage 2, as we still have many customers and prospects that will benefit from hosted services."
As a Broadsoft hosted carrier in the New York metropolitan area and a provider of business voice and data solutions, Stage 2 Networks will be able to provide newly acquired customers with additional service options that can be integrated or added to their current hosted solutions.