Lingo Management, a leading global business cloud communications and managed services provider based in Atlanta, GA, and BullsEye Telecom (BullsEye), a leading single-source, cloud communications and technology service provider based in Southfield, MI, jointly announced that they have entered into an agreement under which Lingo will acquire 100% of the stock of BullsEye.
The acquisition will further empower Lingo to advance its strategy as one of the largest single-source providers of cloud communications and managed services for business and carrier customers:
Creates global cloud communication and managed technology service provider with approximately $250 million in annual revenue and approximately 150,000 customers located in the U.S., Canada and around the globe.
Complements the current Lingo business by adding a significant amount of multi-location enterprise, SMB, and carrier customers.
Serves customers at every stage of their lifecycle - from consumers to small- and medium-sized business customers, to large enterprises requiring a national solution across multiple offices, and finally to carrier customers requiring wholesale services.
Creates a North American network operator offering cloud communications, fiber broadband, internet connectivity, SD-WAN, POTS, and POTS replacement, security, managed Wi-Fi, and carrier services.
Tom Tisko, President and CEO of BullsEye
After a thorough strategic review process in which we evaluated a wide range of alternatives, the BullsEye board of directors determined that this transaction enhances our competitive ability to provide a comprehensive suite of business communication services to a diverse client base. This transaction with Lingo enables the combined companies to increase service levels with a broad array of products to a larger number of customers.
Vincent M. Oddo, President and CEO of Lingo
This acquisition marks another major milestone in Lingo's journey as leading cloud communication and managed services provider to business and carrier customers of all sizes. Customers today demand end-to-end communications solutions that are efficient and innovative.
