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Speakerbus Group to acquire trader voice service business of PAETEC

Jun 24, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: PAETEC Holding Corp (PAET)

Speakerbus Group Plc has agreed to acquire the trader voice service business of PAETEC Holding Corp., a US-based provider of data, voice, and Internet solutions.

Speakerbus Group is a UK-based developer of voice communications solutions to the financial services and command & control industries. 

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Announced: 2009-06-24

Deal Participants 

Target (Company)   PAETEC Holding Corp. - Trader Voice Service Business
Acquirer (Company) Speakerbus Group Plc
Vendor (Company)   PAETEC Holding Corp.

Deal Rationale

The acquisition would enable Speakerbus Group to provide its customers with a scalable voice over internet protocol (VoIP) network.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: PAETEC Holding Corp (PAET)


Related terms: acquisition, business, communications, internet

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