Momentum Telecom Acquires CloudNet Group

Momentum Telecom Acquires DCT Telecom Group

April 19, 2019

Telecommunications

Momentum Telecom, an Atlanta-based cloud communications provider, has agreed to acquire Cleveland-headquartered DCT Telecom Group, a provider of cloud voice and network solutions. The deal expands Momentum's geographic presence and enterprise customer base while adding complementary managed broadband, internet and cloud voice capabilities to its platform; terms were not disclosed.

Momentum Telecom Acquires Altus Technology

February 8, 2021

Cloud & SaaS

Momentum Telecom completed its acquisition of Altus Technology, a Nashville-based provider of cloud-based unified communications solutions. The deal expands Momentum's UCaaS and managed network offerings and integrates Altus' team and customers into Momentum's global managed cloud services platform; terms were not disclosed.

Cloudmellow Acquires The Creative Momentum

July 26, 2022

Marketing & Advertising

Dallas-based digital and technology firm Cloudmellow has acquired Atlanta-based website design and digital marketing company The Creative Momentum, effective July 21, 2022. The deal expands Cloudmellow's website development and digital-marketing capabilities and establishes a formal presence in the Atlanta market; financial terms were not disclosed and The Creative Momentum's principals will remain with the business.

Momentum Acquires Asset Black

August 22, 2023

IT Services

Momentum, a global managed cloud and network services provider based in Atlanta, has acquired Asset Black, a Savannah, Georgia-based managed network provider. The acquisition strengthens Momentum’s managed network and SD-WAN capabilities and brings Asset Black’s leadership (CEO Mark Weeks) into Momentum’s executive team to drive sales in the financial services vertical; terms were not disclosed.

VMware Acquires MomentumSI

November 18, 2014

IT Services

VMware, Inc. has acquired MomentumSI, Inc., an Austin-based IT consultancy specializing in cloud migration, big data, advanced architecture, and DevOps. 7 Mile Advisors acted as exclusive sell-side advisor; terms were not disclosed. The acquisition expands VMware’s cloud migration and professional services capabilities for enterprise clients.

Perwyn-backed Miss Group Acquires Swedish Hosting Company CloudNet

May 1, 2022

Cloud & SaaS

Perwyn-backed Miss Group has acquired CloudNet, a Stockholm-headquartered managed web hosting business established in 2010 that serves roughly 500 SME customers and reported SEK25m revenue for the year ending December 2021. The deal is an add-on to Miss Group's platform, expanding its Nordic footprint and Linux-managed hosting capabilities while integrating CloudNet's customers and expertise into Miss Group's international hosting network.