Our acquisition of EarthLink’s NEC systems maintenance and service contracts, customer base and technologies, complements our strategic plan to accelerate growth throughout the U.S. - Jim Wallace, President of Forerunner Technologies, Inc.
Bohemia, NY (PRWEB) August 07, 2013
Forerunner Technologies, Inc. a provider of telephone, VoIP, and connectivity hardware and systems announced today its acquisition of all assets of the NEC Systems Business unit of EarthLink, Inc. (NASDAQ: ELNK), headquartered in Atlanta, Georgia. Terms of the transaction were undisclosed.
Forerunner historically has serviced business and institutional customers in the northeastern U.S. with telecommunications equipment, sales and service. The EarthLink unit provides similar services - communications hardware installation, maintenance, and repairs – to business customers in more than 10 states, primarily throughout the southeastern U.S.
Jim Wallace, CEO of Forerunner Technologies Inc., stated, “Our acquisition of EarthLink’s NEC systems maintenance and service contracts, customer base and technologies, complements our strategic plan to accelerate growth throughout the U.S. We are committed to continuing to provide EarthLink’s systems customers with the high quality services that they are accustomed to.”
EarthLink’s EVP Sales and Marketing, Michael D. Toplisek, noted, “We know our customers will be well-taken care of by Forerunner’s team. This divestiture allows us to focus our energies on our robust core of award-winning Cloud and IT services, including hosted VoIP,” Mr. Toplisek also noted, “EarthLink is excited about the additional opportunities that have already been identified for Forerunner and EarthLink to work together in the future.”
The acquisition marks the second time Forerunner has expanded outside of its northeastern roots. In February 2012, it acquired via bankruptcy proceedings the maintenance service contracts of Teltronics, Inc., a Tampa, Florida company. DAK Capital, LLC provided investment-banking services to Forerunner Technologies for both transactions.
About Forerunner Technologies, Inc: Established in 1988, Forerunner Technologies, Inc. has quickly developed into a recognized provider of quality IP Telephony Communication Products and Professional Services within the telecommunications Industry. Forerunner Technologies, a privately held company, offers communications products & customized Professional Services for Voice/Video/Data IP solutions.
Forerunner’s primary focus is IP Telephony through Sales, Education, Support and Management efforts that ‘make sense’ in today’s growing converged communications industry. A primary Forerunner differentiator is the understanding of today’s overwhelming technology choices by navigating the SMB and Enterprise customers through the selection of best products and offering Professional Service support. For more information, please visit Forerunner Technologies’ website: http://www.frtinc.com
About Earthlink, Inc.: EarthLink, Inc. (NASDAQ: ELNK) is a leading IT services and communications provider to more than 150,000 businesses and one million consumers nationwide. EarthLink empowers customers with managed services including cloud computing, managed and private cloud, and virtualization services such as managed hosting and cloud workspace. EarthLink also offers a robust portfolio of IT security, application hosting, colocation and IT support services. The company operates an extensive network spanning 29,421 route fiber miles with 90 metro fiber rings and 8 secure data centers providing ubiquitous nationwide data and voice IP service coverage across more than 90 percent of the country. Founded in 1994, EarthLink’s award-winning reputation for outstanding service and product innovation is supported by an experienced team of professionals focused on best-in-class customer care. For more information, visit EarthLink's website at http://www.earthlink.com.