Lingo Communications, a cloud and managed service provider (MSP) focused on SMB unified communications, has acquired selected customers from Blue Casa Telephone. Financial terms were not disclosed.
This is M&A deal Number 89 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
Lingo, based in Atlanta, Georgia, is backed by private equity firm Birch Equity Partners. The UCaaS company has M&A experience. Earlier acquisitions include 4,000 Fusion Connect SMB customers, select Momentum Telecom customers in 2019, and Impact Telecom in 2018.
Lingo's Latest Acquisition
In the latest deal, Lingo acquired select customers by working with Blue Casa via an Agent Sales Agreement. The agent agreement was signed in Q4 2019 and completed during the past several weeks.
Lingo plans to cross-sell and upsell its Cloud/UC services, managed services and wireless services to the acquired customer base -- though the overall headcount and revenue opportunity was not disclosed.
Explaining the deal, Lingo CEO Chuck Griffin said:
“This customer acquisition is a very natural fit for Lingo. It helps us achieve the next level of success by increasing the scale and resources of our business."
Added Vincent M. Oddo, executive chairman of Lingo and president of Birch Equity Partners:
“This customer acquisition is another milestone in Lingo’s strategy to continue growing via organic and M&A activities as one of the largest global Cloud/UC communications and managed service provider to the SMB, Carrier, and Consumer markets."
Lingo’s overall sales booking increase of 32 percent in Q4 2019 vs. Q3 2019, though actual revenue and profit figures were not disclosed.
