WVT Communications Group Earns 'North American Corporate Small Mid-Market Deal of the Year' Award
Warwick Valley Telephone Company, known as WVT Communications Group, has been awarded with "North American Corporate Small Mid-Market Deal of the Year" at the Annual Americas Mid-Markets M&A Atlas Awards Gala, held on October 25th at the Harvard Club in New York City. WVT Communications Group, the parent company of leading cloud communications pioneers, received the award for its acquisition of cloud-based Unified Communications (UC) solution provider, Alteva.
In a press release, Duane Albro, President and CEO, WVT Communications Group, said, “The Alteva acquisition significantly contributes to our strength and momentum in the marketplace, favorably impacts our highly skilled workforce and the services delivered to our customers, and, most importantly, supports our mission to deliver value to our shareholders. By taking advantage of the high growth UC sector and overlaying it on a stabilized broadband regional company, we've redefined our business and created an evolutionary change in our strategy. We are truly honored to be recognized for Deal of the Year.”
WVT Communications Group is the first and only publicly-traded Regional Local Exchange Company (RLEC) to acquire a hosted UC company. WVT Communication Group's UC operations are handled by former Alteva personnel thereby significantly differentiating WVT Communications Group from its peers.
WVT Communications Group was in news recently when it received approvals from the New York State Public Service Commission ("PSC"), the State of New Jersey Board of Public Utilities ("BPU"), and the New York State Telecommunications Association ("NYSTA") relating to the acquisition of Alteva, LLC on August 5, 2011 and the combination of existing strategic operating businesses with the acquired company. The acquisition significantly strengthens WVT's cloud communications platform, which includes leading unified communications and hosted applications for small, medium and large enterprise customers.
Sujata Garud is a unified communications freelancer with three years of writing/editing experience and two years of market research experience. As an editor she has covered the IT, electronics, banking, pharma, construction, mining and healthcare industries. To see more of her articles, please visit her columnist page.
Edited by Rich Steeves