Matrix Telecom has gone shopping this week, and its latest find is to buy Irving-based Excel Telecommunications from Denham Capital.
Although financial details were not revealed, Matrix's President and CEO Chuck Taylor said that the acquisition is part of an overall company strategy to expand "its domestic and international wholesale voice offering."
So what specifically does Matrix get out of the deal then? In addition to gaining access to Excel's residential, business and wholesale carrier customers, the acquisition will help Matrix expand its network coverage with complementary assets, a Veraz soft-switching platform, back-office technologies and its workforce.
This being the third acquisition it has made in four years, Matrix is no stranger to the acquisition game. In addition to buying Excel, Matrix acquired Global Crossing's small to medium business (SMB) group in 2006 as well as pieces of the former Trinsic Communications in 2007.
For more:
- see the release here
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