In early November 2017 Digerati Tech announced its intention of acquiring the telecommunications company Synergy Telecom Inc. The transaction was structured as an asset purchase and is not the first acquisition made by Digerati and its subsidiaries. With a strong industry record of launching and managing a variety of operations, Digerati has received the Deloitte’s Fast50 and Fast500 awards for several years in recognition of their position as a rapidly growing tech company in North America.
Digerati – Industry Leaders in Digital Tech
Through the acquisition, Synergy is due to work with Shift8 Networks (a subsidiary of Digerati) in meeting the global needs of businesses in the market requiring flexible, cost-effective and efficient solutions to communication needs. Services include bespoke VoIP services, hosted IP/PBX services and SIP Trunking, all cloud based. Previous subsidiaries of Digerati include the Internet software firm GlobalSCAPE, and the global telecommunications company ATSI Communications, known for serving emerging markets in Latin America and Mexico.
Synergy – Service is First
Located in San Antonia, Texas in the United States, Synergy is a high-definition voice and video solutions company serving small to medium businesses and governments with cloud communication services. The expert team of professionals taking care of Synergy customers includes Charlie Slaughter, President of Synergy, and Ryan McDowell, VP of New Business Development. With over three decades of combined experience, the Synergy team brings expertise into the deal in addition to its service portfolio.
CEO of Digerati Arthur L. Smith said that he was excited about the service alignment between the two companies. Besides an immediate upsurge in revenue, it is also expected that cost synergies will be fulfilled in a relatively short space of time. According to Smith it is also important to note that the companies’ service cultures are well aligned, and that strategic growth goals on both parts can be fulfilled through the acquisition.