ATLANTA, April 04, 2019 (GLOBE NEWSWIRE) -- Momentum Telecom, a premier provider of cloud voice, network services and unified communications solutions today announced that it has completed its transaction to acquire Metro Optical Solutions. Metro Optical is a leading provider of managed network, data and internet solutions to enterprise and carrier customers globally.
"We are thrilled to welcome Metro Optical employees and customers to the Momentum Telecom family," said Todd Zittrouer, CEO at Momentum Telecom. "The acquisition of Metro Optical represents another important step in the execution of our growth strategy and further positions Momentum Telecom as a leader in the UCaaS market."
Terms of the transaction were not disclosed.
Bradley Arant Boult Cummings LLP served as legal counsel to Momentum in connection with this transaction. Q Advisors, a TMT global investment banking boutique, acted as financial advisor to Metro Optical.
Read the full announcement here.
Exploring the sale of our business was a new experience and we couldn't have found a better partner. The Q Advisors team's knowledge of our industry is exceptional. Equally important, they took the time to get to know us and the unique attributes of Metro Optical. They did a great job positioning our business and their senior-level relationships with potential buyers helped identify several attractive options. They managed the entire process with a high degree of professionalism and we really appreciated their hands-on approach to every step. We're thrilled with the outcome and would highly recommend the Q Advisors team.Ande Hornig, CEO, Metro Optical & Jason Hornig, COO, Metro Optical