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Nexogy Corporate Headquarters Address, CEO Email Address, and Corporate Office Info
SAN ANTONIO, Texas, Dec. 10, 2019 (GLOBE NEWSWIRE) — SAN ANTONIO, Texas, Dec. 10, 2019 (GLOBE NEWSWIRE) — The Globe and Mail — Digerati Technologies, Inc. (OTCQB: DTGI) (“Digerati” or the “Company”), a cloud services provider specialising in UCaaS (Unified Communications as a Service) solutions for the business market, is pleased to provide an update on its previously announced definitive agreement to acquire Nexogy, Inc. (“Nexogy”), a leading provider of cloud communication and broadband solutions tailored for small businesses.
Digerati stated on September 24, 2019 that it expected to complete the acquisition in approximately ninety (90) days, subject to FCC regulatory approval. The FCC regulatory approval process is ongoing and is expected to continue through January 2020, prolonging the Company’s previously stated anticipated schedule for completion.
The merger of Digerati’s operating subsidiary, T3 Communications, Inc. (“T3”), and Nexogy brings together two emerging cloud communication providers serving a diverse range of industries, including banking, healthcare, financial services, legal, insurance, hotels, real estate, staffing, municipalities, food services, and education. The acquisition creates a cloud communications provider that will serve over 24,000 commercial users in Florida and Texas.
The Company estimates operating EBITDA growth of over 20% as a result of synergies from the combined business, which includes the consolidation of telecommunications infrastructure and the integration of cloud PBX platforms and back-office systems. Digerati Technologies, Inc. (OTCQB:DTGI) (“Digerati” or the “Company”), a provider of cloud services specialising in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to announce the completion of two acquisitions: Nexogy, Inc. (Nexogy.com) and ActivePBX, Inc. (ActivePBX.com), both of which
Nexogy, ActivePBX, and Digerati’s operating company, T3 Communications, Inc., together serve over 2,600 commercial customers and roughly 28,000 users, generating annual revenue of over $14 million. The combined entities’ business model is based on strong and predictable recurring revenue with high gross margins generated through contracts with business customers across a variety of industries, including banking, healthcare, financial services, legal, insurance, hotels, real estate, staffing, municipalities, food services, and education. The acquisitions’ contribution of $1.5 million in annual EBITDA is expected to have an immediate and favourable impact on the Company’s consolidated EBITDA, with additional improvements expected in FY2021 as a result of anticipated cost synergies and consolidation savings.
Apart from the financial benefits and operational synergies, each acquisition adds a unique set of competencies and best practises that will help the Company achieve its growth objectives. Nexogy’s staff has created a successful channel sales programme throughout the years, which has resulted in Nexogy being recognised as one of the fastest growing technology firms in South Florida and being nominated for “High Tech Company of the Year 2016” by the Miami Minority Chamber of Commerce.
ActivePBX has placed a high premium on integrating its cloud communication platform with Customer Relationship Management (“CRM”) systems, most recently achieving the ‘Built for NetSuite’ designation for its proven ActiveCRM CTI (Computer Telephony Integration) solution. This interface, developed for Oracle NetSuite’s SuiteCloud Platform, enables enterprises to transfer CRM data between ActivePBX’s cloud system and Oracle NetSuite quickly, easily, and conveniently.
“I admire our team for keeping on schedule and completing not one, but two acquisitions concurrently, and we look forward to working with the outstanding individuals at Nexogy and ActivePBX who place a premium on customer support and retention,” said Arthur L. Smith, Chief Executive Officer of Digerati.
We will prioritise integrating these transactions into our operations as we move forward with the Company’s expansion strategy. As with previous acquisitions, our team discovered and will implement operational cost improvements and strategic growth strategies to drive organic revenue growth and increase combined EBITDA. Additionally, we continue to have a strong pipeline of acquisition targets in various stages of development and a corporate objective of up-listing to the Nasdaq or NYSE American.”
Nexogy Corporate Headquarters Address and Phone Number
The company is based in FL . Do you have anything to share with the corporate headquarters? If yes, please take a note of the headquarters address of name Inc. below:
Nexogy Corporate Headquarters Address
2121 Ponce de leon Blvd
Suite 200, Coral Gables
Miami, FL 33134.
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Nexogy Contact Details
Nexogy Headquarters Contact Details: NA
Nexogy Headquarters Address: 2121 Ponce de leon Blvd, Suite 200, Coral Gables, Miami, FL 33134.
Nexogy Headquarters Phone Number: NA
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Nexogy Headquarters Office Email ID: email@example.com.
Nexogy Social Profiles
Nexogy Headquarters Facebook Fan Page: https://www.facebook.com/nexogy/
Nexogy Headquarters Twitter Handle: https://twitter.com/nexogy?lang=en
Nexogy Headquarters Instagram Profile: https://www.instagram.com/nexogy/?hl=en
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Nexogy Headquarters YouTube Channel: https://www.youtube.com/watch?v=7ffMI_7OELM