MAHWAH, NEW JERSEY- November 9, 2021- International Telecom LLC (“ITL”), an industry leader in managed voice, analytics, and data solutions, has announced the close of its previously announced deal to acquire the Magna5 Telecom business from Magna5 Global. The newly acquired Magna5 Telecom business will join ITL’s other communication-focused brands, Dial800 and Kall8. ITL is becoming one of the leading communications platform companies with revenue approaching $100MM and processing over 8 billion phone calls annually.
The addition of Magna5 Telecom’s suite of products and services to ITL’s existing offerings provides thousands of customers with comprehensive end-to-end communications, all from one trusted provider. “ITL’s core company focus is about delivering superior connectivity, data analytics, and voice technology. We look forward to adding new services and making them available to all ITL clients,” Kevin Alward, CEO of International Telcom LLC, remarked.
Key infrastructure work has already started to improve and enhance network reliability and performance. New switching facilities with Ribbon’s Sonus 7000 platform and Microsoft’s Metaswitch have been deployed in a geographically redundant architecture in California, Florida, New Jersey, New York, Texas, and Washington. VeloCloud infrastructure will also be expanded to continue increasing the SD-WAN offerings for clients.
ITL will now serve over 30,000 customers. Existing Dial800 and Kall8 platforms will be available to all Magna5 Telecom customers looking to round out their business networks with call tracking software, built-in AI analytics, an industry-leading database of 800 and vanity phone numbers, customizable call routing, and more. Magna5 Telecom’s services, including SaaS, CCaaS, UCaaS, and SD-WAN, will be expanded and available to all customers.
Magna5 Telecom customers’ products, services, and support will continue as normal with the Magna5 Telecom business soon to be re-branded to RingSquared, encompassing all ITL’s suite of managed voice, data, and key communication solutions.
“We welcome the Magna5 Telecom clients,” Alward says, “and anticipate creating many great business opportunities and furthering these relationships going forward.”
Q Advisors, a global TMT investment bank, acted as financial advisor to Magna5 Telecom in connection with this transaction.