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WVT Communications acquires Alteva for USD17m
[August 09, 2011]

WVT Communications acquires Alteva for USD17m


Aug 09, 2011 (M2 EQUITYBITES via COMTEX) -- Warwick Valley Telephone Company (WVT) (Nasdaq:WWVY), a full service cloud communications company, said on Monday that it has finalised the acquisition of Alteva, a Unified Communications (UC) solution provider, for USD17m.



The company said that following the closing of the transaction, Alteva has begun integrating its operations with the existing cloud communications group of WVT. This strategic move is expected to help the newly merged company significantly strengthen its CLEC business, and expand its cloud strategy for unified communications and hosted applications for small, medium and large enterprise customers.

Also, the executive teams of Alteva and WVT will be integrated and jointly manage the merged operation. The new organisational structure will continue to have Duane Albro as CEO of WVT and Ralph Martucci as CFO of WVT. Also, David Cuthbert will serve as COO of WVT and as president of its wholly owned subsidiaries, Alteva and USA Datanet. In addition, John S. Mercer will serve as chief technology officer of WVT and Patrick W. Welsh III will serve as chief administrative officer of WVT.


Further, Louis Hayner will serve as chief sales officer of WVT and its wholly owned subsidiaries Alteva and USA Datanet and Mark Marquez, chief technology officer of Alteva, will become chief network officer for WVT and Alteva and USA Datanet.

The company said that Alteva founder, William Bumbernick, will continue to contribute as chief innovation consultant to WVT, Alteva and USA Datanet.

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