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Momentum Closes CloudNet Group Acquisition

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Momentum Closes CloudNet Group Acquisition

December 10, 2018
By Paula Bernier
Executive Editor, TMC

Cloud-based solutions let companies enjoy and expand new communication, compute, security, and storage capabilities without big upfront investments and new real estate and talent requirements. That’s why so many organizations are investing in cloud offerings. And it’s why cloud entities like Momentum (News - Alert) Telecom are adding to their product portfolios through acquisition.

Indeed, Momentum Telecom recently announced it now owns CloudNet Group.

CloudNet Group was a communication provider specializing in cloud voice, contact center, mobility, and SD-WAN solutions. The Phoenix-Ariz.-based company took a high-touch approach to customer implementation and training.

Momentum Telecom says it also has a white-glove approach to customer service, which is part of the reason why it saw CloudNet as an attractive acquisition. Based in Birmingham, Ala., Momentum Telecom offers business voice, broadband services, and unified communications solutions.

“The combined strengths and experience of these two companies further solidify Momentum Telecom as a market leader in the cloud voice and unified communications space. The addition of CloudNet Group’s dedicated employees and innovative service offerings such as SD-WAN will allow us to continue to provide a superior customer experience,” said Todd Zittrouer, president at Momentum Telecom.

“We are proud to have CloudNet Group join forces with a leading provider in the unified communications space. We believe Momentum’s core mission and values align with those held by CloudNet and look forward to what the future holds for the combined company,” said CloudNet Group co-founders James Gillespie and Shawn Vasicek.

More than 400,000 customers rely on Momentum Telecom for their VoIP and UC needs. The company has an array of channel partners and white-label partners. And its technology partners include Adtran, Apple, AT&T, Calix, CenturyLink, Cisco/BroadSoft (News - Alert), Edgewater Networks, IBM, Intel, Microsoft, Oracle, Panasonic, Polycom, and Verizon.

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