GLOBALINX® Announces Intention to Acquire TMC Communications

Posted: July 18, 2010 in Business

Rochester, NY and Santa Barbara, CA (July 6, 2010)

GLOBALINX® Enterprises, LLC, and TMC Communications, two of the nation’s leading telecommunications providers, today announced they signed a definitive agreement for GLOBALINX® to acquire TMC.

GLOBALINX®, a premier provider of VoIP services for residential, small business clients, agents and resellers, plans to expand its commercial footprint through the acquisition of TMC. Established in 1997, TMC is a national telecommunications company providing a full range of voice, data and next generation telecom services to small, medium and large sized businesses across the country.  The acquisition is expected to complete in 90 days.

“This joining of forces means great things for customers, agents, resellers and employees of both organizations,” GLOBALINX® CEO Craig Jerabeck said. “TMC agents will have a more robust portfolio of product offerings to bring to the market with a complete IP network, technical support and Network Operations Center (NOC) of the well-established GLOBALINX® organization. The combined company will have significant synergies that will enable us to bring innovative telecom products to market faster.”

Jerabeck will oversee the integration process as will Ron Ireland, TMC’s President, and Sarah Linares, TMC’s Vice President in charge of product development and revenue assurance. TMC agents will sign amendments to contracts between now and the close of the transaction. The terms of agent and customer contracts will not change.

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“The two companies share many of the same core values, including a commitment to selling through an independent sales channel as well as an entrepreneurial culture,” said Ireland. “Not only will our agents earn the same commissions and bonuses they currently earn with TMC, but they will have a wider variety of products to offer.”

GLOBALINX®, for example, sells GLOBALINX® Hosted PBX, SIP Trunking, SIP Interconnect, VideoPhone and VoIP offerings for residential customers and small businesses.

Upon close, the organization will operate under the GLOBALINX® name and maintain an office in Santa Barbara, CA. TMC employees will continue to service existing customers, agents and resellers. No other organizational changes are anticipated at this time.

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