VoIP service provider VoxPlus is being targeted for acquisition by entrepreneur Joseph Durham and a group of private investors.
The move jibes with an ongoing trend of acquisition and consolidation within the telecommunications space as carriers target the increased broadband needs of both corporate and government customers.
The VoxPlus acquisition group, according to a company news release, has already gathered a management team with "100 years of telecom, IT and marketing experience" with plans to use VoxPlus to garget Fortune 1000 firms and government agencies with reliable telecom and data transport. It will be assisted by Excel Global Growth which has been hired to provide business development services.
VoxPlus, based in Detroit, provides "a comprehensive portfolio of fixed-line, and value-added data networking, voice, IT solutions to large multi-national corporations, government agencies, and small to medium size business enterprises" with a global network of 200 partners in more than 180 countries," according to its website.
The carrier, the company said, offers "a variety of reliable, wholesale carrier services, high quality data, telecom, IT, and broadband services via our vast international and domestic network."
The new owners plan to quadruple VoxPlus' current 50 million minutes per month of phone and data transmissions in within a year while targeting a new group of Fortune 1000 companies and government agencies, the news release said. To accomplish this, VoxPlus will partner with "a major U.S. Master agent," the release continued.
Durham said "success at AT&T (NYSE: T) (where he was responsible for business development) and as an African-American entrepreneur can serve as an inspiration and eventually increase (minority) participation in these rapidly growing technology fields" of telecom and IT.
- see the news release
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