Wednesday, January 2, 2013

Birch Acquires Covista Assets

Birch Communications, which provides managed communications and information technology services to SMBs in 38 states across the U.S., agreed to acquire select customer and network assets from Covista Communications.  Financial terms were not disclosed.

Covista, which is currently traded under the symbol CVST.PK, is a facilities-based telecommunications service provider that serves business, wholesale and residential customers in 48 states.

"Covista's base of high-quality customers are primarily located in several southeastern, southwestern and northeastern states, and fit extremely well into the current Birch footprint.  In addition, Covista's Metaswitch-based facilities network, which has switching centers in Tennessee, New York City and Los Angeles, is complementary to our current service footprint while also adding some new markets," said Vincent M. Oddo, Birch President and CEO.  "This acquisition will strengthen the breadth and scope of the Birch IP-Network and will further enhance our hosted PBX, SIP trunking and wholesale service offerings."

Birch has acquired 17 companies since 2006.

http://www.birch.com/about/01022013.aspx

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