365 Main returns to the data center space with its completed $75 million acquisition of 16 data centers, in the US from Equinix. Some Equinix execs came along with the acquisition. The data centers - located in Buffalo, Chicago, Cleveland, Dallas, Detroit, Indianapolis, Nashville, New York, Philadelphia, Phoenix, Pittsburg, San Jose, Seattle, St. Louis, Tampa and Washington D.C. - seem like the former Switch & Data facilities. It was a great deal for 365 Main (and thier VC backers).
An interesting thing is happening, 8x8 has seen its stock increase in just the last six months from $4.25 to $7.40. What gives? Some of it is the hype around cloud. A good part of it is that the company is really hitting on all cylinders. The financials are looking good. It broke $100 million in business VoIP revenue. That's a milestone. The third reason is the PR - scoring a couple of patents and the Gartner Magic Quadrant. The final reason is that 8x8 is a good takeover target.
Sprint is busy with M&A activity. After Japan's Softbank agreed to invest $20 billion for a 70% stake in Sprint, the cellco bought some spectrum and customers from US Cellular. Now it has finalized a deal to acquire all of Clearwire. The $2.2B deal has been backed by TWC and Comcast - 2 of the three cablecos that own stakes in Clearwire. (the third is Bright House). So if all goes as planned, Sprint will own Clearwire and its spectrum, but will still have a spotty network that it needs to build out - AND will still be a distant third in the US cellular market. Another fine Hesse deal.
Cbeyond rolled out its own Broadsoft based Hosted PBX service. I have no idea how that meshes with their previous hosted Asterisk server in a cloud container. I also don't know how that will go over with its indirect channel. Cbeyond becomes just one more company to roll out Hosted PBX. Is there anyone NOT offering HPBX? The only interesting one so far is - and I hate to say it - VZ with its Virtual Communications Express. The interesting part is that it is OTT (over-the-top) and integrates with Google Apps for SMB. Thus, targeting the 4.5 million SMB's using Google Apps. Who else does that?