Momentum and Chrysalis Ventures-backed IBBS Receive FCC Approval for Merger

Momentum and IBBS Receive FCC Approval for Merger
Leading OSS and wholesale VoIP providers finalize merger

Birmingham, AL and Atlanta, GA — March 11, 2014 — Momentum and IBBS (Integrated Broadband Services), the top two providers of private label voice services and broadband management/OSS solutions, have announced today that the previously announced merger between the two companies has been finalized.

“We are excited to work together as one team. This is a move that will make the united company the clear leader in the OSS and wholesale voice space and the top service provider to cable operators, municipalities and managed services providers throughout the U.S.,” said Bill Fox.

Momentum’s Bill Fox will lead the newly combined companies as CEO, and other leadership roles will be filled by members of the IBBS and Momentum executive teams, including current IBBS President and Chief Operating Officer, Todd Zittrouer, as President of Wholesale and COO. IBBS CEO Mike Gallagher has joined the board of directors.

“The customer response to the merger has been extremely positive. Since the acquisition announcement, both companies have signed new cable operators and seen a growing interest from existing customers to adopt additional services. I am pleased to see our growth plans starting off strong and I feel confident that success will continue as we focus on providing the best service available to our customers,” said Fox.

Together, Momentum and IBBS:

  • Have more than 25 years of collective experience
  • Support approximately 400 cable operators, other broadband providers and reseller partners
  • Manage more than one million high-speed data modems
  • Power over 130,000 voice lines

Several key products of the comprehensive solution include residential and commercial voice services, unified communications, data provisioning, network monitoring, bandwidth consumption management and various engineering services.

“Momentum and IBBS are looking forward to extending a unified portfolio that will add value for our partners and drive end user satisfaction. IBBS has deep roots in the cable high speed data industry and Momentum is well-established in the commercial voice sector. Bringing together those individual strengths and leveraging shared product knowledge, the company will be able to deliver the most advanced solution in the market,” said Zittrouer.

Business will proceed as usual for both organizations, including company contact information, locations and existing support procedures.

About Momentum
Momentum, the leading wholesale VoIP provider, offers smart, personalized cloud communications solutions to direct subscribers and more than 300 partners nationwide. As one of the industry’s most reliable providers, Momentum delivers superior voice quality backed by a geo-redundant network with 100% uptime. Momentum provides an expansive solution that includes residential and business voice services and broadband management. Momentum is headquartered in Birmingham, AL, with additional offices in Las Vegas, NV, Atlanta, GA, and Belarus. Learn more at http://www.gomomentum.com.

About IBBS
IBBS provides fully-integrated data, voice and technical support services to broadband providers to simplify their delivery of advanced communications into residential and commercial markets. The company’s technology and expert approach to service provide an unmatched customer experience and measurable ROI for the providers it serves. For its business vision and market success, IBBS was named one of Georgia’s ‘Fast 40’ Growing Companies and was included in Inc. 5000’s 2011 list of America’s fastest-growing private companies. IBBS is headquartered outside Atlanta, Ga. with regional offices in Vancouver, Canada; Lexington, Ky.; and Cartersville, Ga. Learn more about IBBS and its service portfolio at http://www.ibbs.com.