TMCnet News
Stonehenge-Telecom acquires SupranetcomFeb 26, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Stonehenge-Telecom Holdings, Inc. has acquired anetcom, a France-based Software as a Service (SaaS) development company engaged in the design of service delivery platforms specifically tailored for the telecom value added services (VAS) market, in a cash and stock transaction. Stonehenge is a US-based provider of telecommunication services and products. Announcement (May 14, 2012): Stonehenge has entered into a definitive agreement to acquire Supranetcom. Concurrently, Stonehenge has also agreed to acquire Annecto Telecom, Ltd., a UK-based carrier grade wholesale provider. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-02-25 Deal Participants Target (Company) Supranetcom Acquirer (Company) Stonehenge Telecom Holdings, Inc. Deal Rationale The acquisition will allow Stonehenge to expand its global footprint, as well as increase its growth in the wireless, wholesale voice termination, technology and soft-switch sectors. |