Global cloud spending surged 21% in Q3 2024
In Q3 2024, global spending on cloud infrastructure services increased by 21% ...
News
1 min read
Momentum Acquires Asset Black
23 Aug, 2023
Acquisition Expands Reach of Momentum’s Managed Network Offering
ATLANTA, GA - August 22, 2023 -
Momentum, a leading global provider of managed cloud services and next-gen managed network solutions, today announced that it has completed its transaction to acquire
Asset Black, a Savannah, Ga.-based managed network provider. “Today, Momentum and Asset Black unite, merging our strengths and teams into a powerful force for innovation and success,” said Todd Zittrouer, CEO at Momentum. “This strategic acquisition opens the combined companies to remarkable opportunities and reinforces our commitment to growth.” “We’re thrilled to be joining a leading global managed cloud services provider that closely aligns with our core mission and values, “said Asset Black CEO, Mark Weeks, “and we are looking forward to continuing our legacy of excellence and celebrating the future successes of the combined company.” Mark joins the Momentum executive leadership team to continue to drive sales and service in the financial services vertical. The terms of the transaction were not disclosed. Advisors to Momentum on the transaction included: G2 Capital Advisors, Bradley Arant Boult Cummings LLP, and Wilkinson Barker Knauer LLP.
About Momentum: Momentum is a leading global managed cloud services provider, offering a comprehensive suite of solutions including cloud voice, global connectivity, and managed network solutions including SD-WAN. With a customer-centric approach and history of delivering exceptional results, Momentum empowers businesses to thrive in today’s digital landscape.
