Momentum Telecom, a wholesaler of digital voice services and broadband management to cable operators and other service providers, acquired the assets of Las Vegas-based VoIP services provider CommPartners with a $2 million bid through an asset liquidation process resulting from Chapter 11 bankruptcy.
Birmingham, Ala.-based Momentum was the highest bidder of several companies considering the acquisition of CommPartners' assets.
With the acquisition, Momentum now has more than 100,000 voice lines in service. The company has been delivering hosted IP telephony service since 2005 and is certified as a competitive local exchange carrier in 45 states.
CommPartners currently supports approximately 200 reseller customers and more than 27,000 hosted seats and SIP trunks. At its peak, the company reported annual revenues of $77 million. CommPartners will be absorbed into Momentum and be rebranded as details of the ownership change are worked out.
According to Momentum, it will keep the Las Vegas office of CommPartners open, to maintain regional sales support, account management, tier 2 and tier 3 technical support. The company for now will maintain CommPartners' core IP infrastructure -- based on BroadSoft's VoIP platform -- integrating it later with Momentum's central operations in Atlanta.
"Our management team identified an excellent opportunity to acquire the assets of another digital voice provider for financially favorable terms, giving us the ability to grow our customer base, leverage significant core technology assets to the advantage of current and future customers, and continue building leadership in this space," Momentum CEO Alan Creighton said in a statement.
