Momentum Telecom, an Atlanta, GA-based provider of cloud voice, network services and unified communications solutions, acquired DCT Telecom Group, a Cleveland, Ohio-based provider of cloud voice and network solutions.
The amount of the deal was not disclosed.
With the acquisition, the company continue its expansion in the UCaaS market.
Led by Todd Zittrouer, CEO, Momentum Telecom develops, streamlines and integrates cloud voice and cloud-based applications via a nationwide network of more than 500 white label and channel partners.
KPMG and Dechert LLP served as financial advisor and legal counsel to Momentum in connection with this transaction. Bank Street Group LLC served as financial advisor to DCT.