Fine Point To Acquire VoIP Gateway Seller Sonic
Source: www.voip-news.com
Fine Point Technologies, Inc. has agreed to purchase Sonic Telecom GmbH (with the help of private equity firm Access Point LLC. Sonic has been selling Fine Point’s device management technology for four years as well as VoIP gateway systems and services.
This will provide Fine Point with a more entrenched position in Europe and will also open the company up to selling to more communications providers.
According to Fine Point:
Fine Point said that it plans to retain Sonic’s engineering and sales staff who are already knowledgeable in selling and supporting Fine Point’s products. Fine Point will also maintain Sonic’s existing facility in Germany, and rename the entity Fine Point Technologies, Inc. Financial terms for the transaction were not disclosed.
