Millicorp Looks to the Future with Acquisition
The future is bright for telecommunications as Millicorp looks forward with a prominent acquisition.
FOR IMMEDIATE RELEASE
FORT MYERS, FL. March 9th, 2011- Millicorp, a nationwide provider of VoIP applications and services, announced today the acquisition of Tourbillon Partners, LLC and its subsidiaries, Fractel, LLC and The VoIP Connection, LLC. The transaction has been completed with full approval by all board members of both operating companies. Fractel will continue to operate as a subsidiary offering its established brand of wholesale services. Millicorp and The VoIP Connection will combine to form a stronger, more dynamic company ready to fulfill the rapid growth goals of the board of directors.
The acquisition furthers the long-term strategy of the companies to advance their leadership in innovative VoIP communications services and to provide solutions to the world’s most discriminating customers.
“The time is now for a major revolution in telecommunications as we change from the traditional land and mobile phone lines to the new concept of a data device which handles our communications,” stated Timothy Meade, President and CEO of Millicorp. “It has been well over a century since there were such movements in the telecommunications industry as those occurring now. The tide has changed; technology is in the forefront and we are preparing to take the lead. The acquisition of Fractel gives us building blocks for our future goals.”
Michael Crown, who will continue as President of Fractel, commented “We are very excited to join the Millicorp family and become a part of the aggressive vision and extremely capable team Timothy has created. We have worked with Millicorp as a customer, and we are happy to see that they recognize value in the innovation and energy we will bring to the combined operations. Fractel and Millicorp are leaders of the next generation in telecom and together we expect to accomplish great things.”
Millicorp provides a range of VoIP services for both consumers and small/medium-sized businesses. Currently, Millicorps’ primary service solution is ConsCallHome.com, which provides telephone solutions to families and friends with incarcerated loved ones. ConsCallHome.com leads in technologically advanced, secure and cost-effective communications for thousands of individuals and families who want to communicate with inmates in federal, state and local facilities nationwide.
Fractel is a leader in the IP telephony industry and a premier supplier of wholesale Voice over Internet Protocol. It provides the industry with a comprehensive offering of SIP-based telecommunications, including toll-free and local origination in more than 10,000 distinct rate centers. In addition, Fractel provides worldwide termination services and a suite of supporting products, including e911, 411, SMS and cloud PBX hosting.
For information about Fractel, please visit www.fractel.net.
Director of Communications, Millicorp