Telesphere buys Unity's VoIP assets
Fresh off raising a $15 million round of venture funding, business VoIP provider Telesphere announced it has purchased the VoIP services business of Unity Business Networks, which operates in Colorado, Orgeon and Minnesota. While financial terms were not disclosed, a Telesphere spokesman said the deal was worth several million dollars and expands Telesphere's operations to all 50 U.S. states. He also claimed the acquisition makes Telesphere the 3rd largest provider of hosted VoIP services in the U.S.
"This acquisition roughly doubles the marketplace for Telesphere," said Jeff Kagan, a telecom industry analyst based in Atlanta. "Telesphere is becoming a fast-growing IP phone and Internet service provider aimed at the Hosted VoIP and Managed IP PBX marketplace for business customers."
The transaction is expected to close either in the third or fourth quarter this year.
- see the press release here