nexVortex Acquires agileTel and Grows Hosted Voice Business
Acquisition Brings Market Expertise for Delivering Hosted Solutions to Franchise Companies
HERNDON, VA (September 21, 2016) – As a leader in cloud communications and an industry expert in both SIP Trunking and hosted voice services, nexVortex has made its second acquisition in just over a year. Today the company announced that it has joined forces with agileTel, a hosted voice provider which specializes in delivering solutions to enterprises which serve customers through a franchise-format business model.
With a focus on serving franchise-based companies, the agileTel acquisition brings expertise to nexVortex which will allow it to move boldly into vertical markets and to provide franchises in those markets complete communications solutions.
With its recent announcement of mSIP (Managed SIP), a strong hosted voice portfolio, and a solid reputation for delivering multi-location solutions, nexVortex has all the pieces required for franchise-based companies to be delivered services at both their headquarter locations as well as their distributed franchise stores.
“We are continually looking for ways to better serve customers in all markets and the agileTel acquisition has helped round out our portfolio to address the specific needs of companies with widely distributed locations like franchised businesses,” said President and CEO, Fred Fromm. “Estimates put the number of franchise units in the US at nearly 800,000 locations and this acquisition puts us in a strong position to grow into and serve that marketplace.”
Data from the International Franchise Association (IFA) show that franchise-format businesses cross over into 300 business lines which are categorized into 10 major groups including Automotive, Business Services, Commercial & Residential Services, Lodging, and Personal Services. Those groups are responsible for 8.9 million jobs, $890 billion of economic output and represent 3% of the U.S. Gross Domestic Product (GDP). The IFA estimates that all 10 categories will show growth this year and that the growth in franchised businesses in total will continue to outstrip that of the general economy.
As older circuit switched infrastructure and equipment are retired at an accelerated rate, solutions like those delivered by nexVortex will continue to grow as Cloud Communication Services becomes the new standard.
About nexVortex, Inc.
nexVortex is a leader in Cloud Communications for businesses, specializing in SIP Trunking, multi-site applications, hosted PBX, hosted contact centers, and customized solutions. nexVortex has established itself in the marketplace based on four overarching tenets: Uncommon Service, Uncommon Know-How, Uncommon Commitment, and Uncommon Innovation. These principles drive nexVortex’s mission to provide its customers with the IP knowledge, services, and capabilities they need to improve their business communications. Visit www.nexvortex.com, follow us on social media, and learn how we can help you meet your business needs.
Chuck Harris (571) 267-5774