Momentum and IBBS Receive FCC Approval for Merger
Leading OSS and Wholesale VoIP Providers Finalize Merger
Momentum and IBBS, the top two providers of private label voice services and broadband management/OSS solutions, have announced today that the previously announced merger between the two companies has been finalized.
"We are excited to work together as one team. This is a move that will make the united company the clear leader in the OSS and wholesale voice space and the top service provider to cable operators, municipalities and managed service providers throughout the U.S.," said Bill Fox, President & CEO of Momentum Telecom.
Momentum's Bill Fox will lead the newly combined companies as CEO, and other leadership roles will be filled by members of the IBBS and Momentum executive teams, including current IBBS President and Chief Operating Officer, Todd Zittrouer, as President of Wholesale and COO. IBBS CEO Mike Gallagher has joined the board of directors.
"The customer response to the merger has been extremely positive. Since the acquisition announcement, both companies have signed new cable operators and seen a growing interest from existing customers to adopt additional services. I am pleased to see our growth plans starting off strong and I feel confident that success will continue as we focus on providing the best service available to our customers," said Fox.
Together, Momentum and IBBS:
Have more than 25 years of collective experience
Support approximately 400 cable operators, other broadband providers and reseller partners
Manage more than one million high-speed data modems
Power over 130,000 voice lines
Several key products of the comprehensive solution include residential and commercial voice services, unified communications, data provisioning, network monitoring, bandwidth consumption management and various engineering services.
"Momentum and IBBS are looking forward to extending a unified portfolio that will add value for our partners and drive high end user satisfaction. IBBS has deep roots in the cable high speed data industry and Momentum is well-established in the commercial voice sector. Bringing together those individual strengths and leveraging shared product knowledge, the company will be able to deliver the most advanced solution in the market," said Zittrouer.
Business will proceed as usual for both organizations, including company contact information, locations and existing support procedures.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.