Birch Communications Cloud & Business Services Acquired by Fusion
Fusion (FSNN) has acquired Birch Communications Cloud and Business Services and with that, it will obtain the customers as well as the infrastructure and the operations. Birch’s shareholders will not be left empty handed as there will be an exchange program set up.
So, how will this acquisition benefit customers? The ultimate goal is to create one of North America’s largest cloud service providers as well as a 100 percent Internet protocol-based network. 30 data centers are looking to be set up with 31,000 fiber route miles of network. All 11 major markets will have metro fiber assets, as well. This combined company will go on to serve over 150,000 customers throughout the United States and Canada.
"This acquisition is a major milestone in Fusion's targeted and disruptive strategy of becoming the leading single-source cloud services provider to business and enterprise customers. Customers increasingly demand an end-to-end experience that is reliable as well as efficient and innovative. Fusion is well positioned to provide these services having been first-to-market to pursue this strategy, and can now do so with increased scale and resources. This combination will immediately move Fusion into the top tier of cloud services providers and establishes a robust platform from which to pursue aggressive value enhancing initiatives through both organic growth and strategic acquisitions,” according to Fusion’s CEO, Matthew Rosen.
Rosen is not alone in his beliefs as CEO of Birch Equity Partners, Vincent Oddo, added: "Our common vision for the future, commitment to service excellence and culture of innovation provide a great foundation for the integration of our teams and our ability to attract customers with compelling cloud-based solutions. We are excited to participate in Fusion's ongoing success as shareholders in the combined company."
Edited by Erik Linask