Enterprise, Mergers and Acquisitions, Mergers and Acquisitions

CPT Network Solutions Acquires Telecom Service Provider KeyCom Technologies

Connection of Optical fiber cable, technology background, 3d illustration.

Connection of Optical fiber cable, technology background, 3d illustration.

Enterprise technology services provider CPT Network Solutions has acquired telecom service provider KeyCom Technologies of Orlando, Florida. Financial terms of the deal were not disclosed.

This is technology M&A deal number 476 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

CPT Acquires KeyCom Technologies

CPT was founded in 2002 and has offices in Chicago, Illinois and Orlando, Florida and employs approximately 3,000+ technicians. The company specializes in implementation and break-fix repair of voice, data, surveillance, electrical, access control, IoT and POS systems for national retailers, senior living, hospitality, consumer services and multi-site organizations with a geographically dispersed footprint, the company said.

KeyCom, founded in 1984, has served more than 10,000 businesses ranging from enterprise retail/restaurants/senior living facilities to theme parks, the FBI and the Kennedy Space Center, according to the company. KeyCom is a national telecom carrier providing hosted/premise VoIP, UCaaS, LAN/WAN, surveillance, access control, digital signage, cabling/fiber infrastructure and IoT solutions.

CPT Acquires KeyCom: 'An Exciting New Chapter'

Phil Medina, president, KeyCom Technologies
Phil Medina, president, KeyCom Technologies

Tom Chesna, CEO of CPT commented on the news:

"The integration of KeyCom is an exciting new chapter for our business. KeyCom's engineering and systems integration team has consistently delivered innovative products and I see enormous potential for growth. I see the business as highly complementary to our existing customer offerings and we're delighted to welcome KeyCom into the CPT family. Phil and his team have assembled & integrated best-in-class Telecom Carrier Services, Surveillance, Access Control, Data, Security, Digital Signage, Digital Music, and Open-Source solutions, and I look forward to working with the team to accelerate our growth initiatives."

Phil Medina, president of KeyCom, added:

"Our engagement with CPT, their enterprise clients, and their thousands of technicians nationwide, represents an exciting new chapter for our business. Tom and the team at CPT are as passionate about execution as we are about innovation. Combining those strong suits, and four decades in the tech sector, is as much a win-win for CPT & KeyCom as it is for our collective customers and the marketplace in general. Sometimes big-beats-small, sometimes fast-beats-slow, and sometimes clever-beats-clumsy. The CPT/KeyCom unification simultaneously represents a bigger, faster, and more clever option for the enterprise technology space, and we look forward to servicing it with integrity."

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

Related

You can skip this ad in 5 seconds