{"id":17723,"date":"2020-07-06T06:00:00","date_gmt":"2020-07-06T10:00:00","guid":{"rendered":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/?p=17723"},"modified":"2022-10-14T18:26:41","modified_gmt":"2022-10-14T22:26:41","slug":"clearly-ip-continues-its-rapid-growth-with-a-new-acquisition","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/communications-developer\/clearly-ip-continues-its-rapid-growth-with-a-new-acquisition.html","title":{"rendered":"Clearly IP Continues its Rapid Growth with a New Acquisition"},"content":{"rendered":"\n

Clearly IP<\/a> continues its rapid growth with yet another acquisition. We broke the news<\/a> on their launch from this Tony Lewis company in September of last year. As part of their launch they actually acquired all the assets of Cyclix Solutions LLC, a leading information technology and telecom services company with operations based in Gilford, New Hampshire. It is rare companies launch with an acquisition so the company differentiated itself at the start.<\/p>\n\n\n\n

Then in December, we broke the news<\/a> they purchased Modulis<\/a>. Founded in 2006, they provided services to mid-sized and large enterprises with VoIP phone services. Specializing in providing reliable and redundant phone systems on a global scale with its multi-tenant, load-balanced, and failover-enabled CPaaS platform. Modulis services users throughout the United States, Canada, and European markets, offering support availability in both English and French languages. <\/p>\n\n\n\n

They have now purchased all telecom assets of Vancouver based Telrad Technology Group LTD.\u00a0 Privately-held, Vancouver-based Telrad has decades of experience providing mid-sized and large enterprises with Premium Premise and cloud VoIP phone services. As a result of the acquisition, ClearlyIP will continue to support and maintain Telrad’s Cloud and voice business solutions. <\/p>\n\n\n\n

ClearlyIP is also\nacquiring Telrad’s entire team, adding an office location in Vancouver, British\nColumbia, ensuring a seamless transition for customers and channel partners.\nThe acquisition grows ClearlyIP’s cloud services business and allows ClearlyIP\nto focus resources on engineering innovative solutions backed with best in\nclass customer service. <\/p>\n\n\n\n

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Tony Lewis, ClearlyIP\u2019s CEO <\/figcaption><\/figure><\/div>\n\n\n\n

Tony Lewis, ClearlyIP\u2019s\nCEO, said, “It has been a busy time here at ClearlyIP, and our team has\nbeen working hard to execute the company vision we set last year. We are\ndelivering on our strategy to augment our organic growth with key, targeted acquisitions\nthat further expand our scale and resources to serve our growing customer\nbase.  The acquisition of Telrad follows\nthe prior acquisitions of Cyclix Networks and Modulis.ca Inc in late 2019.\nCollectively, these transactions have extended and strengthened our in-market\npresence across North America and provided additional technical and\ncustomer-facing resources that have allowed us to continue to see growth and\nmomentum despite the industry impacts due to the current global pandemic.\u201d<\/p>\n\n\n\n

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President and Chief Executive Officer of Telrad, Breanna Fernie <\/figcaption><\/figure><\/div>\n\n\n\n

President and Chief\nExecutive Officer of Telrad, Breanna Fernie, noted, “My family has owned\nand operated Telrad in Vancouver for close to 40 years.  Speaking on behalf of my Family and Telrad\nemployees, we have worked very hard to establish a legacy as a forward-looking\norganization dedicated to providing the latest technology to the customers we\nserve.  As we look toward the future of\nbusiness communications, we believe that ClearlyIP’s larger scale and unique\ncombination of technological expertise and customer focus make them the best\npossible way to provide advanced telecommunications service to our customers\nwhile maintaining the personal touch that our customers value.  We are excited that all of our employees will\nbe part of the combined Company and will carry-on our rich tradition of being a\ncustomer-focused organization.” Breanna will be joining the ClearlyIP\nExecutive Team as Chief Marketing Officer.<\/p>\n\n\n\n

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Preston McNair, Chief Revenue Officer of ClearlyIP <\/figcaption><\/figure><\/div>\n\n\n\n

“This is a pivotal\ntime for innovation.  Companies can act\non what they’ve learned about their digital challenges and aspirations and\nreimagine their businesses and products for a new future. Breanna and her\ntalented team are well-known technology innovators, and we are thrilled to\nwelcome them to ClearlyIP.  We are\nconfident this acquisition will bring greater value to our existing customers,\npartners, and new clients.” said Preston McNair, Chief Revenue Officer of\nClearlyIP. <\/p>\n\n\n\n

ClearlyIP will\nintegrate the network and billing systems over the next few months to minimally\nimpact customers while making the changes necessary to enhance service\nofferings significantly. Customers will receive notifications before any\nchanges to their services. Existing Telrad customers will continue to receive\nthe same services, and all agreements, points of contact, and billings will\ncontinue uninterrupted.<\/p>\n\n\n\n

Nicolet National Bank\nof Neenah, WI, served as the exclusive financial advisor to Clearly IP Inc in\nconnection with this transaction. \nFunding was provided by Nicolet, along with ClearlyIP cash reserves.<\/p>\n\n\n\n

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