Here's a Friday rundown of some contract and M&A news items from this week:
FirstLight Fiber won some E-Rate action this week. They will be hooking up New Hampshire's Franklin and Hill School Districts. They'll be connecting the elementary and middle schools back to the high school as well as providing voice services to three Franklin schools. The district had worked with one of FirstLight's M&A targets 10 years ago, which I'm guessing would have been SegTel, though it could have been G4 also.
Earlier this week, Minneapolis-based Onvoy made another M&A move in the VoIP space. They have acquired Layered Communications, a communications enabler for OTTs, voice service providers, and MVNOs. What that means is they specialize in the software/API layer, and Onvoy will use that expertise to improve its provisioning and add additional capabilities to its underlying platform. Onvoy definitely has plans to get bigger, having bought Broadvox over the summer as well.
Meanwhille, GTT has polished of its purchase of One Source Networks, expanding the company's product suite as well as its international depth. With the $175M purchase, GTT also paid off the final installment of their public plans to rapidly expand to $400M and $100M in annualized revenue and EBITDA. Will the next phase be an organic one for GTT? Or are there still more targets out there?
Interxion announced an expanded deal with Amsio, which is looking to take its SaaaNow SAS platform to a broader audience. They're already in Interxion's Netherlands facility, and will be looking to roll out in Belgium, Denmark, France, Germany, Sweden, Spain, and the UK. The expansion will let them stay in line with Europe's data sovereignty laws.
And back in the USA, QTS has won a key system integrator over to its infrastructure. The IT services firm CSC has named them one of its two US data center outsourcing providers, which means that QTS will be providing colo and data center services to CSC customers across multiple markets.
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