FOR IMMEDIATE RELEASE
USConnect Holdings Enhances its Offerings with the Addition of CMS IP Technologies
Manchester, NH, October 5, 2018—USConnect Holdings, Inc. (“USConnect”) announced today that it has closed on its investment in CMS IP Technologies (“CMS”), a managed service provider and local technology enabler serving customers located in east Texas and western Louisiana. CMS will join the USConnect family of companies in a combination that will enable both organizations to better address the growing and increasingly complex IT and communications needs of their customers. JSI Capital Advisors, LLC provided financial and strategic advisory services to USConnect in connection with the transaction. Terms of the transaction were not disclosed.
“USConnect was started as a collaborative effort in recognition of the growing need for rural and community-based communications providers to diversify their service offerings in the face of declining traditional telephone and regulatory revenues. Adding CMS is a critical step in that plan,” commented Deborah Rand, CEO of USConnect. “The expertise and experience of the CMS team will greatly enhance our ability to provide advanced and next generation IT services including network management, video surveillance, security, and communications solutions. We are extremely excited to have Derek and the rest of the CMS team join the USConnect family and look forward to working with them to expand our portfolio of advanced IT and communications products and services.”
“USConnect unlocks huge and very attractive opportunities for CMS, allowing us to leverage USConnect’s scale and industry connections, as well as the relationships and reputations of USConnect’s local operating properties to expand our reach and accelerate our growth,” stated Derek Bell, who founded CMS IP Technologies in 1982. Bell will continue to lead the CMS effort and serve as the CMS’ President and General Manager. “CMS provides advanced managed services forged and sharpened over more than 35 years of serving the IT needs of its customers. USConnect’s local operating properties provide critical voice and data services to the communities they serve. Together, the companies represent a powerful combination capable of providing their customers truly unique and reliable IT and communications solutions.”
Rand added, “USConnect and CMS share the belief that dedicated employees, a commitment to community, and excellent customer service are hallmarks of superior service. Together, we will be able to provide our customers a personalized experience with advanced IT expertise.”
USConnect was formed in 2013 as a platform to promote and facilitate collective efforts to realize growth and efficiencies through acquisitions, develop collaborative initiatives to leverage the collective size and industry expertise of USConnect and its owners, and advocate for the future success and viability of rural and community-based communications providers. Since acquisition, USConnect has invested millions in the networks of its properties to bring the latest in technology out to its rural markets.
About CMS IP Technologies
CMS IP Technologies has been providing next level IT managed services and communications solutions for over thirty-five years. With its product suite of comprehensive managed IT support programs, CMS customers can focus on running their business. In addition to outsourced IT, CMS provides IP video surveillance solutions and IP communications systems. CMS has offices in Beaumont and Lufkin, Texas.