Momentum Telecom has announced today they have entered into a definitive agreement to acquire New York based, Metro Optical Solutions.
Metro Optical is a leading provider of managed network, data and internet solutions to enterprise and carrier customers globally. Metro Optical has established itself as a single-source provider of fiber-based networking solutions backed by superior reliability and support and tailored to each customer situation.
Now more than ever, businesses are requiring access to a fast, reliable and secure broadband infrastructure, especially as more rely on cloud-hosted applications and services. The addition of Metro Optical expands Momentum’s solution portfolio, and allows Momentum to be the singular provider for unified communications and managed network services.
“The addition of Metro Optical is an important next step in the continued execution of the company’s long-term growth strategy”, said Momentum Telecom CEO, Todd Zittrouer. “We welcome the Metro Optical team to the Momentum Family and look forward to working together on our mission to become the premier provider of unified communications to enterprise customers”.
Like Momentum Telecom, Metro Optical has a strong indirect sales strategy and an established presence in the channel including relationships with leading master agencies. The merger bolsters the combined company’s channel commitment and enables agents to choose Momentum for more of their customer’s needs.
“At Metro Optical, we’re excited to be joining a leading unified communications provider that closely aligns with our core mission and values, and we’re looking forward to the future successes of the unified company,” said Metro Optical CEO, Ande Hornig. Ande and Jason Hornig will continue to oversee networking solutions at Momentum Telecom and will be supported by the existing Metro Optical team.
Q Advisors, a TMT global investment banking boutique, is acting as the financial advisor to Metro Optical.