Teliphone Corp., a Vancouver-based provider of digital telecommunications services, has completed a share purchase agreement of Vancouver-based Titan Communications, a provider of Voice over IP (VoIP) business services such as hosted and virtual PBXs, SIP trunking and more.
Titan Communications, also operating as Galaxy Multimedia, provides white label Voice over IP solutions for carriers and Internet service providers. With over 40 such partners, the company delivers services to over 8,000 residential customers in Western Canada.
The company also caters to small and medium-sized businesses in Vancouver. Through its business VoIP solutions, it offers users the same functionality available to large enterprises without the expense of a costly infrastructure. These services are then supported by 24x7 monitoring, multiple redundant systems, QoS expertise in high-latency networks and proactive network management & continuity.
"The acquisition of Titan provides Teliphone's with a launch point into the Western retail market as well as immediately expanding our existing business to small to medium sized companies," said Teliphone's Western vice president, Mike Schmidt, in a statement.
With this newly inked acquisition, Teliphone Western is now one of the largest independent facilities-based Competitive Local Exchange Carriers (CLEC) in Canada providing voice, data, broadband Internet, IT support, cloud computing, co-location data centers and IPTV (News - Alert) service across Canada.
Teliphone also operates a U.S. network and its voice and IPTV services are available in 47 countries.
The acquisition of Titan is expected to complement Teliphone's residential client base in Eastern Canada.
Titan's President John Farlinger added, “Access to Teliphone's extensive national infrastructure and organizational support will allow us to implement an aggressive growth strategy that would not have been possible before the acquisition".
Financial details of the transaction will be released through a Form 8K to be filed with the U.S. Securities and Exchange Commission within the prescribed period, the company said.
Edited by Jamie Epstein