Sandy cloud communications service provider YipTel has been purchased by Broadvoice, a provider of hosted voice, unified and SIP trunking services for businesses, based in Billerica, Massachusetts. Details of the transaction were not disclosed.
The acquisition of YipTel will enable Broadvoice to accelerate its entry into the enterprise communications space by adding YipTel’s customer base, which includes midmarket and enterprise organizations, the company said in a release.{mprestriction ids="1,3"}
Established in 1970 as a PBX interconnect when the Bell companies divested, YipTel currently has 54 employees, who will all join the Broadvoice staff. Owner Robert Brown will continue with Broadvoice in a senior management role. YipTel services accounts worldwide from offices Utah, Colorado and Texas. Its services include hosted VoIP solutions, audio and video conferencing, SMS/MMS automation, contact center and SD-WAN.
“Broadvoice is known for delivering an enterprise-class communications solution to small and medium businesses,” said Jim Murphy, CEO of Broadvoice. “With YipTel, we now have an enterprise customer base and the in-house expertise to deliver powerful solutions to larger organizations. YipTel also has a telehealth practice that provides Broadvoice with an entry into the medical industry, which is one of the high-growth verticals for communications companies. We already have a strong focus in government and have HIPAA certifications, so adding this layer of expertise will instantly expand our vertical strategy.”
Through the end of the year, Broadvoice plans to run both companies and brands separately.
“YipTel has a very long history of serving customers with integrity,” said Brown, who has been at the helm since 2002. “Not just any company would be a good fit to acquire our organization. Our leadership team has come to know the Broadvoice executives and culture well and we believe that they have the best interests of our employees, customers and partners in mind. We look forward to growing the business together.”
“YipTel has many loyal partners and five regional channel managers. We welcome them to the Broadvoice family,” said Murphy.{/mprestriction}
