Virtual PBX Featured Article

Momentum Completes DCT Deal

August 12, 2019

By Maurice Nagle - Web Editor

Movers and shakers shape a market, and today the movers and shakers are those pushing the envelope of capability leveraging a number of approaches. From mergers and acquisition, to internal innovation, it’s an exciting time to see service providers and vendors position for long term prosperity.

With terms remaining undisclosed, Momentum Telecom announced the completion of the acquisition of DCT Telecom Group. Momentum builds on its robust portfolio of cloud unified communications, networking and voice solutions with the addition of a leading-edge cloud voice and network solution provider.

Ushering the deal through completion were KPMG and Dechert LLP serving as financial and legal advisors for Momentum, with Bank Street Group LLC providing services as financial advisor for DCT.

The acquisition was first announced in April, and marks the cloud communications provider’s second acquisition in the past calendar year. It purchased CloudNet Group in December 2018 and with the close of the DCT deal, Momentum truly carries an appropriate moniker, as it does not intend to rest on laurels.

"We're happy to welcome DCT into the Momentum family, and we're looking forward to combining efforts to further our white-glove experience and enterprise customer knowledge," said Todd Zittrouer, Momentum Telecom CEO. "The future continues to be bright for Momentum, and we're excited about our continued expansion and leadership in the UCaaS market."

Cloud communications is a highly competitive space that grabbing market share is no small feat, demanding only the best in innovation and shaping a comprehensive high performing portfolio.

Are your communications in the cloud, yet?

Edited by Maurice Nagle


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