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Press Release -- July 8th, 2013
Source: momentum
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Momentum Announces Acquisition of Twist Networks

Birmingham-based Cloud Communications Provider Strengthens Presence in the St. Louis Business Solutions Market

ST. LOUIS--()--Momentum, a leading cloud communications provider, today announced the acquisition of the assets of Twist Networks, a wholly-owned subsidiary of Communications Technologies, Inc. (CTI).

Twist Networks has been a Momentum wholesale VoIP partner since 2010. In connection with this acquisition, a retail value-added reseller (VAR) agreement was developed between Momentum and CTI, a telecom, data, collaboration and connectivity solutions provider.

“Pairing Momentum's award-winning cloud PBX product line with CTI’s proven track record of selling and implementing advanced communications solutions to businesses in the St. Louis region builds a foundation for success and creates a tremendous opportunity for growth,” said Momentum Chief Financial Officer, Matthew Conroy.

“Joining forces with Momentum will help us grow our SIP trunk and hosted business at an accelerated rate. We are looking forward to really opening up the St. Louis and greater Midwest market area for Momentum,” said CTI President Robert Hymes.

Under the leadership of president and CEO Alan Creighton, Momentum’s growth has advanced steadily in a number of areas including the acquisition of CommPartners in 2010, the launch of a retail line of services in 2011 and an expanded partner program in 2012. Additionally, Momentum recently welcomed new members to its executive team and board -- Chair Liz Pharo, Vice President of Sales Jamie Minner and Chief Financial Officer Matthew Conroy -- all of whom have played a key role in the progression of Momentum’s organic growth and mergers and acquisitions strategy.

During the past 12 months, Momentum’s retail VAR team has nearly tripled in size and the indirect channel program now has established regional sales and engineering teams in some of the top business markets nationwide, including Boston, Denver, Los Angeles/Orange County, Nashville, Dallas, Chicago, Miami and Birmingham.

ABOUT MOMENTUM:

Momentum, a leading business communications provider, offers smart, personalized cloud PBX solutions to direct subscribers and more than 300 partners nationwide. As one of the industry’s most reliable providers, Momentum delivers superior voice quality backed by a geo-redundant network with 100% uptimeMomentum provides an expansive solution that includes hosted VoIP, SIP trunking, collaboration tools and unified communications services. Learn more at www.gomomentum.com.

ABOUT COMMUNICATIONS TECHNOLOGIES, INC.:

Communications Technologies offers VoIP, Hosted VoIP and traditional PBX systems to businesses nationwide. CTI provides its customers WAN network design consulting and data center options. CTI also offers complimentary products and services such as: video conferencing, low voltage voice and data cabling, High Definition IP video surveillance, web collaboration and remote support appliances, managed services, SIP trunking, call center solutions, call recording/logging and reporting software. CTI has customers nationwide, with corporate headquarters in the Saint Louis metro area. Learn more at www.cti-stl.com.

Contacts

Momentum
Charlotte Johnson, 521-432-1862
cjohnson@bando.com

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