ORLANDO, Fla. – Bright House Networks announced it has signed an agreement to acquire Telovations, a Tampa, Florida-based cloud communications provider that delivers businesses hosted voice solutions, including PBX and managed SIP trunking.
The acquisition will help Bright House Networks meet the diverse needs of the enterprise market with cloud based and managed services, as well as continue to offer small and medium sized businesses additional services.
Telovations pioneered the delivery of communications-as-a-service (CaaS), which enables businesses to deploy communications devices and applications on a pay-as-you-go, as-needed basis, eliminating the need for capital investment and ongoing overhead.
“We welcome this collaborative opportunity to combine our fiber optic network and managed services offerings with Telovations’ cloud-based unified communications services to provide companies with a much broader array of network capabilities and industry-leading services,” said Leo Cloutier, senior vice president, Corporate Strategy and Business Development, Bright House Networks.
The transaction is expected to close within 45 to 60 days, pending regulatory approvals.
Q Advisors LLC, a Denver-, Princeton- and San Francisco-based investment banking boutique, acted as the exclusive financial advisor to Telovations in connection with the transaction.