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Home›Acquisition Of Stock›Lingo to acquire 100% of BullsEye shares

Lingo to acquire 100% of BullsEye shares

By Deanna Day
April 4, 2022
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Lingo Management, a leading global provider of cloud-based communications and managed services for enterprises based in Atlanta, Georgia, and BullsEye Telecom (BullsEye), a leading provider of communications and technology services in the Southfield, Michigan-based single-source cloud company jointly announced that they have entered into an agreement under which Lingo will acquire 100% of the shares of BullsEye.

The acquisition will allow Lingo to advance its strategy as one of the largest single providers of cloud communications and managed services for enterprises and carriers:

Creates a global provider of cloud communications services and managed technology with annual revenue of approximately $250 million and approximately 150,000 customers located in the United States, Canada and around the world.

Complements Lingo’s current business by adding a significant number of multi-site enterprise, SMB and carrier customers.

Serves customers at every stage of their lifecycle – from consumers, to small and medium enterprises, to large enterprises requiring a national solution across multiple offices, and finally to carrier customers requiring wholesale services.

Creates a North American network operator offering cloud communications, fiber broadband, Internet connectivity, SD-WAN, POTS and POTS replacement, security, managed Wi-Fi and data services. ‘operator.

Tom Tisko, President and CEO of BullsEye
After an extensive strategic review process during which we evaluated a wide range of alternatives, BullsEye’s Board of Directors has determined that this transaction strengthens our competitive ability to provide a full suite of business communication services to a diverse clientele. This transaction with Lingo allows the combined companies to increase service levels with a broader product line for more customers.

Vincent M. Oddo, President and CEO of Lingo
This acquisition marks another major milestone in Lingo’s journey as the leading provider of cloud-based communications and managed services for businesses and carriers of all sizes. Customers today demand efficient and innovative end-to-end communication solutions.

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