TelePacific expanded its asset base with not one but two M&A announcements today. While I wonder now and then if Telepacific might be an acquisition target itself at some point, they are clearly on an aggressive footing on their own.
First, the west coast CLEC announced a definitive agreement to purchase Telekenex. Telekenex is based in San Francisco and Seattle, and offers bandwidth, hosted PBX services, and managed services via a national MPLS network and fiber in the SF Bay area. That fiber will add to the California metro presence that TelePacific picked up from mPower a few years back, and the IP services expansion will give the company greater growth potential going forward. The purchase adds 122 employees and about 1,000 enterprise customers.
Meanwhile, TelePacific also took action to the south down in the LA region with a definitive agreement to purchase the Orange County Internet Exchange (OCiX). OCiX operates a carrier neutral 10,000 square-foot SAS 70 Type II certified facility in Santa Ana not far from their existing facility in Irvine. TelePacific will use the facility to expand the colocation and business continuity services it offers to SMB's in the area, and they have plans to significantly expand the facility in the near future. They also added a type II facility up in Sacramento in the O1 transaction last year, which OCiX will complement.
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