HyperCube Comments on West Acquisition
DALLAS, Nov. 29, 2011 /PRNewswire/ — West Corporation, a leading provider of technology-driven, voice and data solutions, today announced that it has entered into a definitive agreement to acquire HyperCube LLC, a premier provider of tandem switching services to telecommunications providers.
Founded in 2005 and backed from its inception by Kamine Credit Corporation, Annex Capital and Chambers Street Investors, HyperCube has rapidly grown to become a leading provider of toll-free origination services in the United States. HyperCube’s unique network provides neutral interconnection services for all types of providers, including wireless, wireline, and voice over Internet protocol (VoIP). Hypercube currently serves eight of the top ten largest wireless companies in the U.S.
“HyperCube’s network and technology coupled with West’s vast offerings will greatly enhance our ability to offer our customers cost-effective solutions to meet their growing demand for mobility and IP-based telephony,” said Ron Beaumont, Chief Executive Officer of HyperCube. “Our management team and employees are excited about the many opportunities resulting from this combination.”
HyperCube’s network solutions reduce complexity and costs for interconnecting customers by avoiding multiple direct connections to traditional networks. The Company’s network of strategically located tandem switches provides toll free origination and other neutral interconnection services across the entire U.S. In addition, HyperCube’s technology offers Web-based applications on a customer portal that displays real-time traffic analysis, a critical tool for customers seeking better visibility to manage and report on their communications traffic flows.
Terms of the transaction were not disclosed. The acquisition is expected to close prior to the end of the first quarter of 2012 after satisfaction of certain closing conditions, including customary regulatory approvals. After close, HyperCube plans to continue to offer its full portfolio of services to its existing clients, build relationships with other providers and continue its mission to provide seamless and cost-effective solutions for interconnection.
Stifel Nicolaus Weisel served as exclusive financial advisor to HyperCube, and Kirkland & Ellis LLP served as legal advisor.
About Hypercube LLC
At the forefront of a new generation of communications enablement companies, HyperCube bridges the networks of emerging and traditional service providers alike. HyperCube processes billions of calls every year through its flexible, state-of-the art platforms that cover the continental United States, Canada, Mexico and the Caribbean. HyperCube provides competitive switching and seamless interconnections on behalf of the largest wireless, traditional and virtually all other types of service providers regardless of the technology they employ. HyperCube operates a nationwide network, which enables continued success in the growing areas of mobility, mobile applications, smart devices and cloud-based services. To learn more, visit us at www.h3net.com.
At HyperCube LLC:
SOURCE HyperCube LLC