Stage 2 Networks Announced Acquisition of Hosted VoIP Division of Consolidated Technologies

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Stage 2 Networks Announced Acquisition of Hosted VoIP Division of Consolidated Technologies Stage 2 Networks Announced Acquisition of Hosted VoIP Division of Consolidated TechnologiesStage 2 Networks Announced Acquisition of Hosted VoIP Division of Consolidated Technologies

 

4 January 2012

Stage 2 Networks, one of leaders in cloud communications across the New York metropolitan area, has officially announced that the company had recently acquired the hosted VoIP business division of Consolidated Technologies (CTI), the converged technologies company and a gold partner of Avaya.
This acquisition enables both companies to focus on core areas: Stage 2 Networks can expand its hosted VoIP enterprise while CTI can enhance its system integration business.
Stage 2 Networks officials commented that the deal furthers company’s mission to be New York's leading cloud communications provider. “This is a perfect opportunity for both companies to grow our organizations and concentrate on our primary services.” The acquisition of the hosted VoIP division of CTI, the company has expanded its market-leading footprint and becomes stronger as a company, operationally and financially.
CTI representatives said: "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. 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."

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