There was a bit of consolidation in the cloud today, as Momentum announced the acquisition of the assets of Twist Networks from its parent Communications Technologies, Inc. The deal will boost the Birmingham-based cloud provider’s presence in St. Louis.
Twist Networks has been a wholesale VoIP partner of Momentum for three years, and after this deal Momentum will have a VAR agreement with CTI. That will pair CTI’s SIP trunks and Momentum’s cloud PBX.
Momentum has been actively boosting its retail VAR capabilities since buying CommPartners a few years back, and no doubt has further plans for expanding its capabilities.
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Categories: Channel · Cloud Computing · Mergers and Acquisitions · VoIP
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Did you see that IBM closed the Softlayer transaction today? Surprised that wasn’t mentioned. http://www-03.ibm.com/press/us/en/pressrelease/41430.wss