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Atlanta, GA, USA, Jan. 27, 2022 -- American Virtual Cloud Technologies, Inc.("AVCtechnologies" or the "Company") (Nasdaq: AVCT), a partner providing cloud-based solutions to global enterprise customers, announced it has executed a definitive agreement to sell its Computex Technology Group (Computex) business to Calian Group Ltd. (Calian) (TSX: CGY), which will complete AVCtechnologies’ transition to a pure-play cloud communications and collaboration company, centered on its Kandy platform. 

AVCtechnologies also recently announced that Michael Tessler had joined its Board as Chairman. Tessler is the founder and former CEO of Broadsoft, a Unified Communications as a service (UCaaS) platform provider, which was sold to Cisco in 2018. 

Darrell J. Mays, CEO of AVCtechnologies, said "Our white-label relationships with key telecommunication companies and technology vendors, global carrier-grade connectivity, and proven SD-WAN integration position AVCtechnologies as a premier cloud communications provider poised to gain market share."

AVCtechnologies acquired Computex, an IT solutions provider specializing in data centers, enterprise networking, cloud, cybersecurity, and managed services, in April 2020.

"We have been pleased with the growth of Computex’s VAR and Managed Services businesses since acquiring the business in 2020; however, with our newly dedicated focus on our core Kandy cloud communications and collaboration technologies, we decided to divest Computex and believe the business will continue to thrive under Calian’s ownership," said Mays.

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.globenewswire.com

Date Posted: Friday, January 28, 2022