Q Advisors Represents API Digital in its Acquisition by NeoNova

RALEIGH, N.C. and HUNTSVILLE, Ala., May 4, 2017 -- NeoNova, an NRTC company, today announced it has acquired API Digital, a leading rural broadband solutions provider. API Digital will continue to operate as a wholly-owned subsidiary of NeoNova while maintaining its headquarters in Huntsville, Alabama.

NeoNova and API Digital customers will not experience any immediate changes to their services or billing relationships. The price and terms of the transaction were not announced.

NeoNova CEO Jason McGinnis explained the benefits of the acquisition. "We believe strongly that by combining our two companies, we can offer our customers and other rural broadband providers better service and a broader range of solutions," said McGinnis. "API Digital's services, such as their network operations center and their call center, will add a new dimension to our capabilities, and we're really excited to have them join us."

According to API Digital CEO Greg Engle, NeoNova is a great fit because of its outstanding culture of customer service. Added Engle, "API Digital has always respected NeoNova and its commitment to customers in the marketplace, and we recognized the opportunities for synergies between our companies. Together, we will maximize the benefits of our combined strengths in the services we deliver for our customers."

NRTC CEO Tim Bryan noted that NRTC's focus remains on providing outstanding, affordable technology solutions that help members grow their businesses. "By adding API Digital's core services to NeoNova's already strong service portfolio," Bryan explained, "this acquisition helps us offer even better managed network services to rural America."

NeoNova's 144 employees nationwide provide help desk, networking and revenue-building services to 230 rural broadband affiliates in 44 states, while API Digital and its 60 employees already serve more than 100 customers across the country.

Q Advisors LLC acted as exclusive financial advisor to API Digital.

About NeoNova

NeoNova, an NRTC company, helps rural service providers grow by delivering a wide array of subscriber, network management, and professional services leveraged by a powerful service delivery platform and backed by the industry's top professionals. Today, NeoNova serves 230 affiliates, helping them provide exceptional service to more than one million subscribers across 44 states. NeoNova's parent company, NRTC, is a not-for-profit cooperative that provides technology solutions to more than 1,500 electric and telecom members in 48 states to help them bring all the advantages of today's evolving technology to rural America.

About API Digital

Founded in 1999, API Digital is a networking communications and managed IT services provider supporting hundreds of thousands of users across the US and internationally. Leveraging our own network and data centers in cooperation with the world's leading network providers, API Digital delivers carrier-class connectivity and colocation. From our 24x7x365 Network Operations Center, API Digital also provides live support services including proactive monitoring, network engineering, and end-user support.

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