As the Hosted PBX space is finally gaining traction, carriers are buying instead of building. ShoreTel bought M5. Comcast long ago bought NGT. Even Broadsoft bought a service provider, Adaption Technologies.
It's public: Bright House Networks, a top 10 MSO, is acquiring Telovations, a Broadsoft based UCaaS provider. Tampa Bay is not only home to Telovations but one of the biggest markets for BHN.
Telovations will become part of the Enterprise Sales division at BHN, reporting to Craig Cowden, SVP, Network Engineering & Operations, and Enterprise Solutions, Bright House Networks.
This makes me wonder about the rest of the Cloud Communications Alliance members. Who's next?
On a similar front, 8x8 just made Gartner Magic Quadrant. It's stock is more than 50% higher than it was in June. Analysts have it a buy due to strong revenue growth. The market cap is about $457M for approximately $110M in revenue. It would be worth it for someone like TWC who does not have a Hosted PBX service yet. That is the funny thing about the BHN-Telo deal: TWC usually does things first and BHN follows. This time, it may be the other way around.