Birmingham, AL and Atlanta, GA (PRWEB) January 08, 2014
Momentum and IBBS (Integrated Broadband Services), the top two providers of private label voice services and broadband management solutions to cable operators, municipalities and managed services providers throughout North America, the Caribbean and Latin America, have announced today the signing of a merger agreement.
Momentum’s Bill Fox will lead the newly combined companies as CEO, and members of the IBBS executive team will remain in leadership roles, including current IBBS President and Chief Operating Officer, Todd Zittrouer, as President of Wholesale and COO. IBBS CEO Mike Gallagher will join the board of directors.
“The combination of the two leading vendors with the highest quality network and support from the best of breed providers makes for the ultimate solution,” said Fox. “IBBS has proven itself to be the undisputed leader in the OSS and broadband management space, with deep roots in the cable high speed data industry, while Momentum brings rapid growth in the advanced commercial voice sector to wholesale and VAR partners nationwide, which will allow us to create an even stronger entity together.”
Together, the companies currently support approximately 400 MSO and reseller partners and manage more than one million high-speed data modems and over 130,000 voice lines. Uniting the two companies brings over 25 years of collective experience and will allow the company to grow its customer base, leveraging core technology and economies of scale to the advantage of current and future customers, while continuing to build leadership in the industry.
Several key products of the comprehensive solution include:
“It feels great to now be able to work together with the Momentum team to support our common customer base,” said Gallagher. “We both utilize similar voice feature platforms and we have a lot of shared product knowledge stemming from previous integrations between the two companies. I am fully confident that the joint solution will add value for our partners and their end users.”
The deal is subject to regulatory approval and is expected to close in approximately 90 days. Business will proceed as usual for both parties throughout the interim, including company contact information, locations and existing support procedures.
“We are looking forward to the strategic planning and customer communications in future months to unify the product portfolios into the best overall solution for our partners and ultimately their end users. All efforts are being guided by the single principle of enhancing the customer experience. This partnership is a real opportunity to deliver the best OSS and communications solutions now and well into the future,” said Zittrouer.