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SPEAKERBUS SELLS NETWORK BUSINESS TO FLEXENET AS PARTNERSHIP GROWS.

Published by Gbaf News

Posted on August 5, 2014

2 min read
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Speakerbus Sells Network Services to FLEXeNET

Speakerbus, a pioneer in collaborative voice management and mission critical unified communications, announced the recent sale of its Network Services business to FLEXeNET for an undisclosed sum.

Speakerbus CEO Highlights FLEXeNET Partnership

Andy Wodhams CEO for Speakerbus says “FLEXeNET are a rapidly growing and highly regarded carrier with an extensive European network, and a unique self-provisioning portal that has come to set the standard in the industry. FLEXeNET’s sole focus is on providing the best trader voice network solution in the industry, with an extensive on-net community, and a comprehensive technical solution which will serve our network customers now and in the future. The sale of this subsidiary unit supports our strategy to focus on our core financial clients while embracing partnerships with Telco’s, Integrators and technology partners”.

FLEXeNET CEO Discusses Service Expansion

Chris Rose CEO for FLEXeNET says “We are very excited to dramatically extend the FLEXeNET community to include the Speakerbus network users. This acquisition will enable FLEXeNET to offer services to over 150 new institutions, and will give the financial community broad access to the unique FLEXeNET self-provisioning portal and a true alternative in the trader voice market.”

FLEXeNET Assumes Network Operations and Support

FLEXeNET are now operating the network, new circuit requests, invoicing and infrastructure. FLEXeNET will be operating a NOC in New York to complement the existing FLEXeNET global NOC in their London facility.

Key Takeaways

  • Speakerbus has divested its Network Services business to focus on core financial clients.
  • FLEXeNET acquires the Network Services unit and will integrate operations including NOC infrastructure.
  • The acquisition brings over 150 new institutional clients into the FLEXeNET community.
  • FLEXeNET’s self‑provisioning portal becomes accessible to Speakerbus’s former network customers.
  • FLEXeNET will operate a New York NOC alongside its existing London facility.

References

Frequently Asked Questions

Why did Speakerbus sell its Network Services business?
To focus on its core financial clients and cultivate partnerships with telcos, integrators and technology partners.
What does FLEXeNET gain from the acquisition?
They gain over 150 new institutional customers, extend their trader‑voice community, and integrate Speakerbus users into their self‑provisioning portal.
Will FLEXeNET operate existing infrastructure?
Yes, FLEXeNET now manages the network operations, invoicing, infrastructure and new circuit provisioning, and is launching a New York NOC complementing its London facility.
What markets or regions are impacted by this deal?
This extends FLEXeNET’s operational footprint across Europe and North America, especially via new infrastructure in New York.

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