Global cloud spending surged 21% in Q3 2024
In Q3 2024, global spending on cloud infrastructure services increased by 21% ...
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Q Advisors Represents RingSquared in Acquisition of AccessPlus Communications
4 Aug, 2023
August 4, 2023 - RingSquared, a nationwide business voice and data solutions provider, has announced the completion of its acquisition of the telecom business of AccessPlus Communications, an established high-speed fiber and wireless service provider. RingSquared’s newly acquired AccessPlus will retain its name and now service the greater Northeast region with fiber connectivity on a combined footprint of over 170 miles of route fiber and fixed wireless access points. The current fiber infrastructure of RingSquared and AccessPlus spans several high-density city centers in the Berkshires as well as the Capital District of New York. AccessPlus will cover most businesses immediately, with further expansion scheduled to cover the residential market. “We’re excited to join forces with AccessPlus Communications. Doug Norton and his team’s strengths reside in the engineering, installation, and management of fiber in their existing markets. He brings a tremendous amount of experience and knowledge that will help enhance the advanced infrastructure of the RingSquared platform,” stated Kevin Alward, RingSquared Owner & CEO. “The acquisition of AccessPlus Communication accelerates RingSquared’s fiber network expansion throughout the NE market. We already provide fiber Internet services in the Capital District of New York, and the addition of AccessPlus will help us roll out access solutions to a wider number of business and residential customers in our core markets,” continued Alward. AccessPlus will combine services with RingSquared to deliver high-performance Internet and enterprise networking solutions with speeds up to 10 GB to business customers in its existing markets of Pittsfield, Lenox, Lee, Adams, North Adams, Great Barrington, and Springfield, Massachusetts, and Troy, New York. In addition to fiber, RingSquared will also leverage the extensive AccessPlus fixed wireless network coverage with privately owned dedicated towers to provide customers with an unparalleled, fully redundant connectivity solution for full business continuity. “We look forward to joining the RingSquared platform and its impressive network technology to combine and create a top-of-market fiber network with 10 GB Fiber to the Premise and wireless solutions to the Berkshires and Capital District of New York communities,” said Norton. RingSquared has continued to invest in its network’s reliability and reach since acquiring the network assets of Troy, NY-based Cornerstone as part of the Magna5 deal in 2021. The company has also made major investments in its voice and data infrastructure including new Microsoft MetaSwitch, Ribbon SBC 7000, and Juniper Network infrastructure, creating nationwide geographic redundancy using industry-leading technology. This will be RingSquared’s 8th transaction in eight years and the company continues to successfully execute on its “acquisition – integration – optimization” strategy. Q Advisors, a leading global TMT investment bank, acted as the exclusive financial advisor to RingSquared in connection with this transaction. Q Advisors has a longstanding partnership with the RingSquared organization as their advisor on all previous transactions.
