It's still the long weekend for many, but here's a quick look at two M&A items from the edges of my usual coverage areas last week and two executive moves by Level 3:
CCMI, the Center for Communication Management Information and a subsidiary of Unified Communications Group, made an inorganic move last week. The telecom data services provider has acquired I2Gemini, which offers consulting and other services to the same audience. The combined company will take their complementary product sets to market in one portfolio from here.
On the equipment front, Colorado-based Communications Products and Services has been acquired by EIS, a subsidiary of Genuine Parts Company. CPS distributes OSP solutions for fiber and wireless infrastructure, and will boost EIS's reach in the telecom infrastructure space. The parent company GPS distributes a much wider variety of parts and equipment, and it's interesting to see them taking a greater interest in this segment of the broader infrastructure market.
And Level 3 made a couple of interesting promotions this morning to the CXO level. Andrew Dugan has been named CTO, leading the company's Global Technology Organization as he was already doing on an interim basis since Jack Waters moved over to Zayo. Meanwhile, Atilla Tinic has been named CIO, where he will take the helm of Level 3's global IT organization. He had already been SVP of IT, and had come aboard as part of the tw telecom acquisition. The CTO and CIO roles at Level 3 are a significant key to the company's success going forward, so both will have their hands full.
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