TeleCloud, a provider in cloud-based telecommunications technology, has acquired DiRAD's Nextphone customer base, enhancing its service offerings. Financial terms of the deal were not disclosed.
This is technology M&A deal number 320 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
TeleCloud, founded in 1982, is based in Union, New Jersey. The company has 98 employees listed on LinkedIn. TeleCloud’s areas of expertise include installation, change management, service, call center design, new office, office relocation, wiring infrastructure, paging, call flows, phone systems, and video.
DiRAD, founded in 1984, is based in Clifton Park, New York. The company has 31 employees listed on LinkedIn. DiRAD's areas of expertise include unified communications, IP telephony, call center implementation, interactive voice response, mobile and web development, information technology, chatbot, virtual assistant, AI, mass notifications, IVR , customer service, WBENC, women owned business, and women owned and operated.
The acquisition marks a key step in TeleCloud's strategy to enhance its cloud-based phone services and strengthen its position in the telecommunications sector, the company said.
TeleCloud Acquires DiRAD Customer Base: Executive Perspectives
Damon Finaldi, President of TeleCloud, commented:
"We're excited about extending our cloud-based phone services to DiRAD's client base. Our commitment is to leverage our telecommunications tools and services to support the growth and success of our new clients."
