$DTGI The business combination of Digerati’s ope
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Posted On: 09/24/2019 2:11:20 PM
$DTGI The business combination of Digerati’s operating subsidiary, T3 Communications, Inc. (“T3”) and Nexogy brings together two emerging cloud communication providers serving a broad range of customers in various industries including banking, healthcare, financial services, legal, insurance, hotels, real estate, staffing, municipalities, food services, and education. The transaction will result in a cloud communications provider serving over 24,000 business users in Florida and Texas. In addition to positioning the Company for meeting its goal of up-listing to a primary stock exchange, the business combination enhances the Company’s current operational foundation and delivers on other stated strategic initiatives including:
A continued emphasis on its UCaaS/cloud communications business, which operates in a segment of the telecommunications industry that continues to experience significant growth as businesses migrate from legacy phone systems to cloud-based telephony systems.
A disciplined approach to evaluating acquisitions as it continues to target local and/or regional UCaaS/cloud telephony providers, which have excelled in serving their market.
A continued focus on the U.S. market of SMBs, of which approximately 75% or 21 million have not migrated to a UCaaS or cloud communications solution.
A continued emphasis on the Company’s channel sales strategy.
Arthur L. Smith, Chief Executive Officer of Digerati, commented, "The acquisition of Nexogy aligns perfectly with our strategic plan and meets the geographic, financial, and technological criteria of our disciplined M&A strategy. During the due diligence phase, we were most impressed with Nexogy’s team and organic growth driven by its established and well recognized channel sales program, streamlined back-office operation, and culture of customer care. We are excited about the tremendous value these attributes will bring to our combined offerings in the lucrative corridors we serve in Texas and Florida, and I expect the deal to be immediately accretive to earnings and have a positive effect on net equity.”
Felipe Lahrssen, Chief Operating Officer of Nexogy, stated, “We are excited to be part of the cultural and operational foundation of Digerati during this period of growth and consolidation in our industry. Acquiring other profitable, regional cloud communication providers is a winning strategy we embrace with enthusiasm. It also provides a major growth opportunity through new sales channels with an extended service offering for our clients. As organizations continue their transition to a true hosted communication and collaboration solution, we will be best positioned to support them on that journey, with a personal touch."
Q Advisors, a TMT global investment banking boutique, is acting as the financial advisor to Nexogy.
https://www.otcmarkets.com/stock/DTGI/news/Di...?id=241245
A continued emphasis on its UCaaS/cloud communications business, which operates in a segment of the telecommunications industry that continues to experience significant growth as businesses migrate from legacy phone systems to cloud-based telephony systems.
A disciplined approach to evaluating acquisitions as it continues to target local and/or regional UCaaS/cloud telephony providers, which have excelled in serving their market.
A continued focus on the U.S. market of SMBs, of which approximately 75% or 21 million have not migrated to a UCaaS or cloud communications solution.
A continued emphasis on the Company’s channel sales strategy.
Arthur L. Smith, Chief Executive Officer of Digerati, commented, "The acquisition of Nexogy aligns perfectly with our strategic plan and meets the geographic, financial, and technological criteria of our disciplined M&A strategy. During the due diligence phase, we were most impressed with Nexogy’s team and organic growth driven by its established and well recognized channel sales program, streamlined back-office operation, and culture of customer care. We are excited about the tremendous value these attributes will bring to our combined offerings in the lucrative corridors we serve in Texas and Florida, and I expect the deal to be immediately accretive to earnings and have a positive effect on net equity.”
Felipe Lahrssen, Chief Operating Officer of Nexogy, stated, “We are excited to be part of the cultural and operational foundation of Digerati during this period of growth and consolidation in our industry. Acquiring other profitable, regional cloud communication providers is a winning strategy we embrace with enthusiasm. It also provides a major growth opportunity through new sales channels with an extended service offering for our clients. As organizations continue their transition to a true hosted communication and collaboration solution, we will be best positioned to support them on that journey, with a personal touch."
Q Advisors, a TMT global investment banking boutique, is acting as the financial advisor to Nexogy.
https://www.otcmarkets.com/stock/DTGI/news/Di...?id=241245
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