There was a bit of interesting M&A this week in the UC and managed services space. Atlanta-based Lingo has entered into a definitive agreement to acquire Bullseye Telecom, marking another phase of the company’s expansion since it split off of Birch back in 2018.
BullsEye Telecom has been around since 1999, and navigated the transition from CLEC to cloud communications and managed services over the past decade. Their portfolio blends POTS with SD-WAN, security, managed WiFi, UC and other related products. The Michigan-based operator mostly targets enterprises from the small business up to larger multi-site enterprises.
That pairs well with the rest of Lingo’s cloud communications business, adding scale and expanding the company’s solution set. The combined company will have revenues of $250M and a customer base of 150K across North America.
Financial details were not disclosed, but the boards of both companies have already approved and deal is expected to close in 3-4 months.
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