IBBS scoops up VoIP provider SinglePipe
Integrated Broadband Services (IBBS) is bringing VoIP capabilities in-house with the purchase of SinglePipe, which operates its own facilities-based VoIP network.
The two have been working together for more than two years and formalized their business relationship in April 2009, when they announced an integration of SinglePipe's VoIP services with IBBS' back-office systems.
IBBS did not reveal a purchase price. The deal was essentially an equity swap, according to documents filed with various federal and state authorities.
SinglePipe is a venture-backed company founded in 2006 with the acquisition of a Kentucky-based competitive local exchange carrier (CLEC) called ALEC. SinglePipe attracted at least $11.6 million in three rounds of venture funding.
Both IBBS and SinglePipe market to small- and mid-size cable operators. The combined companies will offer a single platform from which cable providers can launch and manage their services for residential and commercial customers.
IBBS said it had conducted a poll of its customers earlier this year and discovered that nearly 70 percent of its customers were looking for new services and support to penetrate business markets, specifically commercial services and VoIP.
Perhaps not coincidentally, since early this year, SinglePipe has been tailoring its marketing message to attract cable operators looking to provide business-grade VoIP.
"We have heard our customers loud and clear. They seek a single source of expertise to launch new services and accelerate bottom-line growth with a proven company they can trust. Our acquisition of SinglePipe and the addition of voice services to our portfolio will enhance our ability to support operators as they deploy voice and commercial services – two of the fastest-growing opportunities in cable," said Dave Keil, CEO of IBBS.