CBTS Announces Acquisition of SunTel Services CI
Post# of 301275
CINCINNATI, Feb. 20, 2017 (GLOBE NEWSWIRE) -- CBTS, a wholly-owned subsidiary of Cincinnati Bell (NYSE: CBB ) and leading technology provider, today announced the acquisition of SunTel Services.
SunTel Services is a regional provider of network security, data connectivity, and unified communications solutions based in Troy, Michigan. Following the close of the transaction, SunTel’s co-founders Gary Jackson and Don Jackson will continue to lead the organization and will also spearhead CBTS’ expansion in the Michigan market. This transaction will expand CBTS’ presence in the Midwest, building on its existing sales offices in Cleveland, Columbus, Indianapolis and Louisville.
“SunTel Services has created a strong business through its focus on providing effective solutions and building long-term relationships with customers,” said Scott Seger, Senior Vice President and General Manager for CBTS. “We believe CBTS’ set of solutions and services will benefit SunTel Services’ existing customer base, and SunTel will help grow our footprint throughout the Midwest.”
“We are excited to be part of the CBTS family and to leverage its expanded set of capabilities,” said Gary Jackson, SunTel’s co-founder. “CBTS is a market leading IT solutions and services provider and shares our customer-focused vision of building trust through execution and delivering value.”
Stephens Inc. is serving as the exclusive financial advisor to CBTS and Quarton International is serving as the exclusive financial advisor to SunTel Services.
The transaction is not subject to regulatory approval, and is expected to close in the next 30 days.
About CBTS
CBTS combines the data networking capabilities of Cincinnati Bell with next-generation managed services that provide companies with flexible solutions for end-to-end IT deployment. CBTS serves enterprise customers across the world and has established a competitive advantage through its unique Hybrid IT Services model. CBTS has expertise both as a Value Added Reseller (VAR) and as a Managed IT Services Provider. The CBTS business model can help organizations increase productivity and operational efficiency while reducing costs and risks through solutions that focus on business continuance, compliance, security, and technology infrastructure. CBTS holds over 1,900 vendor certifications spread over 35 separate IT vendors, and offers multiple solutions and services. For more information on CBTS, go to www.cbts.net .
About SunTel Services
SunTel Services has provided complete life cycle services for unified communication services as a Michigan based company since 1986. With more than 1,000 customers and over 2,500 installations, SunTel offers a wide breadth of expertise and product offerings to customers across the automotive, manufacturing, government, healthcare, education, finance, professional services and technology sectors.
With certifications in all critical network services, SunTel offers service programs up to and including management of customer networks. The company holds key partnerships and certifications with industry technology leaders, such as Adtran, APC, Avaya, Blue Coat, Check Point, Citrix, Cisco, Dell, Fortinet, HP, Infoblox, Juniper Networks, Microsoft, Mitel, Polycom, Pulse Secure, Symantec and VMware. For more information, please visit www.suntel.com .
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB ) provides integrated communications solutions – including local and long distance voice, data, high-speed Internet and video – that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions. For more information, please visit www.cincinnatibell.com .
Cincinnati Bell Inc. Investor contact: Josh Duckworth, +1 513-397-2292 joshua.duckworth@cinbell.com or Media contact: Jane Weiler, +1 513-397-9941 jane.weiler@cinbell.com
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