WVT Communications Finalizes Acquisition of Alteva
Warwick Valley Telephone Company ("WVT Communications", "WVT" or the "Company") (NASDAQ: WWVY), a full service cloud communications company, has finalized the acquisition of Alteva just weeks after the official announcement. Following the closing, Alteva has begun integrating its operations with the existing cloud communications group of WVT. This strategic move will help the newly merged company significantly strengthen its CLEC business, and expand its cloud strategy for unified communications and hosted applications for small, medium and large enterprise customers. The executive teams of Alteva and WVT will be integrated and jointly manage the merged operation. The new organizational structure will be as follows:
-Duane Albro will remain CEO of WVT.
-Ralph Martucci will remain CFO of WVT.
-David Cuthbert will serve as COO of WVT and as President of its wholly owned subsidiaries Alteva and USA Datanet.
-John S. Mercer will serve as Chief Technology Officer of WVT.
-Patrick W. Welsh, III will serve as Chief Administrative Officer of WVT.
-Louis Hayner will serve as Chief Sales Officer of WVT and its wholly owned subsidiaries Alteva and USA Datanet.
-Mark Marquez, Chief Technology Officer of Alteva, will become Chief Network Officer for WVT and its wholly owned subsidiaries Alteva and USA Datanet.
Alteva founder, William Bumbernick, will continue to contribute as Chief Innovation Consultant to WVT and its wholly owned subsidiaries Alteva and USA Datanet.
About Alteva: Alteva, North America’s largest provider of enterprise hosted VoIP, has become the pioneer for showcasing the high quality and reliability of hosted unified communications solutions. Alteva provides businesses with "Communications as a Service" that requires minimal installation and configuration while eliminating monthly phone and on-premise system maintenance charges and reducing overall communication costs by leveraging the power of cloud-based computing. With a sophisticated open standards infrastructure, Alteva enables businesses to easily integrate existing business applications. Rather than building their processes around the limitations of their phone system, Alteva’s customers build their phone systems around their ideal processes. Based in Philadelphia, Alteva provides internet access, telephone system/service and hosted Microsoft Exchange/SharePoint/OCS services to multi-location growth-oriented businesses in 50 states and 14 countries.
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