Momentum, a St. Louis-based cloud provider, is acquiring Communications Technologies, Inc. subsidiary (CTI) Twist Networks, a move that will help it grow its SIP trunking and managed services business lines.
The two companies are hardly strangers as Twist has been a Momentum wholesale VoIP partner since 2010. As part of this deal, Momentum and CTI developed a VAR agreement.
"Pairing Momentum's award-winning cloud PBX product line with CTI's proven track record of selling and implementing advanced communications solutions to businesses in the St. Louis region builds a foundation for success and creates a tremendous opportunity for growth," said Matthew Conroy, Momentum's CFO, in a release.
Momentum has been growing the company organically and through targeted acquisitions including CommPartners in 2010, the introduction of a retail service line in 2011 and an expanded partner program last year.
In 2012, Momentum said it nearly tripled the size of its retail VAR team and has built regional sales and engineering teams in a number of key U.S. markets, including Boston, Denver, Los Angeles/Orange County, Nashville, Dallas, Chicago, Miami and Birmingham.
With a host of options for cloud-based services, Momentum has become a new alternative. Its customer base includes various multi-site businesses, including Farmers Insurance Group and other legal and financial companies.
- see the release
Defining cloud computing services: benefits and caveats
Sprint adds IaaS to its growing cloud services repertoire