Fairport, NY, March 18, 2010 --(PR.com
)-- Soleo Communications, a leading provider of carrier-grade solutions for information service providers, today announced the completion of its acquisition of Local Matters Voice & Wireless Division, formerly part of IBM’s Telecommunications business unit.
Soleo will acquire most of the assets of the Voice and Wireless Division and has also signed a reseller agreement with the division’s parent company Local Matters Inc. for other products and services.
The combination of Soleo and the Voice & Wireless Division creates an entity handling more than three billion calls annually from installations in eleven countries. The acquisition brings together some of the Information Services industry’s most knowledgeable professionals with a shared vision of making useful connections for people everywhere, everyday.
“The Local Matters Voice and Wireless Division is a world leader in Directory Services. We see only positive synergies between the product lines. The complementary nature of this merger will enable us to offer superior innovative products and compete aggressively in the Information Services sector,” said Dan Gallagher, Soleo’s Chief Executive Officer.
The company has already begun executing the planned integration of the two organizations to ensure a smooth transition and immediate value for customers, partners and employees. As part of the initial integration of product portfolios, the management team of the combined company includes executives from both organizations.
Soleo Communications, Inc. is a leading provider of carrier-grade solutions for information service providers. Its technologies, applications and professional services improve the user experience by transforming the way service providers deliver instant information to their customers. Every day, millions of callers use Soleo solutions. For more information, please visit www.soleocommunications.com.
About Local Matters
Local Matters provides technology solutions to online publishers of local information to help them achieve leadership in local search and advertising. For business directories, we help publishers establish and manage website portals that successfully engage and connect consumers and local businesses, as well as achieve broader exposure for advertisers.
With over 12 million unique monthly visitors worldwide, and almost 100 yearly software releases, Local Matters has the proven experience in consumer websites to support your initiative. Local Matters empowers dozens of the world’s top local media, brands in over 20 countries. With over 100 employees and offices in Denver, Fort Lauderdale, London, Amsterdam, and Melbourne, Local Matters has been an established leader in digital solutions for publishers since 2002. For more information, visit www.localmatters.com.
For More Information, contact:
Soleo Communications, Inc.
WillowBrook Office Park
300 Willowbrook Drive
Fairport, NY 14450
+ 1. 585.641.4300
Soleo Communications, Inc.
6301 NW 5th Way, Suite 4000
Fort Lauderdale, Florida
+ 1 954.689.6300