Wednesday, May 4, 2011

TelePacific Acquires Telekenex

TelePacific Communications, a California-based CLEC, will acquire all of the assets and customers of IXC (Telekenex), a business-grade IP services provider headquartered in San Francisco and Seattle.

Under the terms of the agreement, the TelePacific Communications family of companies will gain approximately 1,000 business customers and 122 employees. Financial terms were not disclosed.

TelePacific will also add the following services through the acquisition: a hosted PBX platform with nationwide voice capabilities; a nationwide PCI compliant MPLS backbone; a fiber network in the San Francisco-Oakland Bay Area; managed network services providing advanced configuration and support for complex network deployments; and managed security services through a cloud-based firewall.

"This is a big game-changer for TelePacific," said Dick Jalkut, president and CEO of TelePacific. "This transaction not only enhances TelePacific's network and makes us even more competitive, but it instantly opens up new markets and opportunities for growth. We are excited about the strategic opportunities this presents us and our customers."

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