Peter Radizeski has been the intrepid M&A reporter as of late sand he says in a recent post he is having trouble keeping up with all the activity. Cbeyond for example today announced it has purchased companies MaximumASP and its affiliated companies as well as Aretta Communications. These moves allow the company to provide a variety of services such as managed virtual servers, cloud services, cloud communications in the form of hosted PBX solutions and SIP trunking.
The prices for the transactions was $40M and 2010 revenue of the two companies in 2010 is expected to be about $12M.
Cloud computing and cloud communications continue to be hot spaces and the mergers aren’t expected to slow any time soon. In related news in this month and last – TMCnet has covered Cbeyond providing communications solutions to SMBs, partnering with HBR Technologies, becoming part of the Deloitte Fast 500 List, purchasing a real-time data integration solution from Oracle GoldenGate and opening a new 200 member call center in Denver, Colorado.
Obviously things must be really busy at Cbeyond and the digestion of these new assets now begins.