Flint Telecom acquires Prime Carrier
Flint Telecom, a fast growing, technology and services company that provides "turnkey' telecom services to the global telecom and media industry, announced that it has acquired Prime Carrier, the market leader in the provision of ‘On Demand' solutions for the global telecommunications industry. Financial deals of the transaction were not disclosed.
Under the acquisition agreement, Prime Carrier now becomes a 100% owned subsidiary of Flint Telecom, remaining as a separate, autonomous company and will continue to trade as Prime Carrier. The market leading MOST solution, established as the industry standard platform for supporting inter-carrier trading and uniquely delivered as an ‘On-Demand' service will continued to be offered to global Telecommunication Carriers, Operators and Service Providers alongside Flint Telecom's technology and service offerings.
Prime Carrier staff will be retained to continue the on-going software development, marketing, customer deployment & support. Prime Carrier's existing customers include: Alltel, Arbinet, Bellsouth, Bite, BT Ireland, KPN, KVH, Ono, Orbitel, Romtelecom, Samitel, Tele2 UK, Telenet, Telecom Egypt, Telstra UK, Vivodi, Vox Mundi Telecom and UPC.
The acquisition strengthens and accelerates the respective market positioning and product strategies, resulting from strong product technologies, consolidated operations and ‘Go-to-Market' synergies into overlapping target markets. In addition, Flint Telecom provides a strong presence in the North American market and provides additional in-region resources, along with improved financial security through a broader range of technology and service offerings.
The acquisition was fully supported by Prime Carrier's former principal shareholders - ACT Venture Capital and Advent Venture Partners, as well as Enterprise Ireland.
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