CGSYQ Stock Chart
____________________________________________________________________________ CGSYQ Current Financials
Capital Growth Systems, Inc.
|Bankruptcy Case No.: 10-12302 PJW |
Reporting Period: March 1
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|ASSETS & LIABILITIES || || |
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|Current Assets || || Consolidated Totals |
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|Cash ||$ ||2,054,996 |
|Accounts Receivable, net ||$ ||3,869,822 |
|Other Current Assets ||$ ||4,643,229 |
|Total Current Assets ||$ ||10,568,047 |
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|Fixed Assets, gross ||$ ||4,500,761 |
|Accumulated Depreciation ||$ ||(3,843,567) |
|Fixed Assets, net ||$ ||657,194 |
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|Other Assets || || |
|Other Assets ||$ ||185,788 |
|Intangible Assets ||$ ||13,517,876 |
|Goodwill ||$ ||1,479,649 |
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|Total Assets ||$ ||26,408,554 |
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|Current Liabilities || || |
|Current maturities of debt ||$ ||(27,591,701) |
|Post-Petition Accounts Payable ||$ ||(94,874,266) |
|Pre-Petition Accounts Payable ||$ ||(13,072,191) |
|Post-Petition Accrued Expenses ||$ ||(1,697,299) |
|Pre-Petition Accrued Expenses ||$ ||(5,133,380) |
|Deferred Revenue - Short Term ||$ ||(3,335,180) |
|Total Current Liabilities ||$ ||(55,704,017) |
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|Long-Term Liabilities || || |
|Debt ||$ ||(10,567,699) |
|Taxes ||$ ||(67,000) |
|Total Long-Term Liabilities ||$ ||(10,634,699) |
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|Total Liabilities sans Equity ||$ ||(66,338,716) |
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|Shareholders' Equity || || |
|Common stock ||$ ||17,015 |
|Additional Paid in Capital ||$ ||91,602,291 |
|Retained Earnings (from SOY) ||$ ||(125,089,332) |
|Cumulative loss on currency translation ||$ ||(614,557) |
|Current Year Retained Earnings Inc/Loss ||$ ||(5,845,579) |
|Total Equity ||$ ||(39,930,162) |
|$ ||(106,268,878) |
|$ ||26,408,554 |
TOTAL CURRENT COMPANY VALUE
|$ ||(69,860,324) |
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|PENDING ASSETS & LIABILITIES || || |
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|Total Accounts Receivable ||$ ||4,431,902 |
|Total Accounts Payable ||$ ||(4,838,152) |
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|TOTAL PENDING COMPANY VALUE ||$ ||(406,250) |
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|TOTAL AGGREGATE COMPANY VALUE ||$ ||(70,266,574)3 |
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|- See CGSYQ 8K filed |
CGSYQ Share Structure Estimate
Outstanding Shares: 168,233,180 Shares.
Shorting Shares: 19,752,220 Shares
Floating Shares: 33,320,000 Shares.
Insider Ownership: 55.75%.
Institution Ownership: 10%.
Number of Shareholders: 975
Cash Per Share: 0.02 A Share
5yr Range: $0.0004-$1.45
Archived Press Releases and Articles
SC 13D SEC filing 12/27/2010 $1/Share projection by Thomson/First Call (One-Year Target) _________________________________________________________________________
WASHINGTON, D.C., December 27, 2010 - Looks like a nice buy out by Pivotal Capital (http://www.pivotalgroup.com/) Pivotal Global Capacity LLC, bidding $29.5 million for the rest of the assets, and is the majority share holder of the company. (Creditors urge court to end Global Capacity's Chapter 11 control Dec 10, 2010... and senior lender Pivotal Global Capacity LLC, bidding $29.5 million. ... However, the creditors said Global Capacity chose the Pivotal bid, ... Meanwhile , Global Capacity asked the court for an additional time ...) Total Revenues Were $13.9 million for Third Quarter 2010
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CUSIP No. 14019A107 Page 2 of 7
Global Capacity Reports Results for Fiscal Third Quarter 2010 (July-September 2010) _________________________________________________________________________ Bankruptcy Filing "Showing Positive Signs Updated"
CHICAGO, December 8, 2010 - PRNewswire via COMTEX News Network - Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ), [once a leading] telecommunications information and logistics company, today announced its financial results for the third quarter ended September 30, 2010. Total revenues were $13.9 million for the three month period ending September 30, 2010 compared to $16.5 million for the same period in 2009. Optimization Solutions recorded $2.5 million of third quarter 2010 revenue compared to $2.5 million of third quarter 2009 revenue. Optimization Solutions for GAAP reporting purposes represents optimization consulting, automated pricing software, remote management services, and professional services. Connectivity Solutions recorded $11.4 million of third quarter 2010 revenue compared to $14.0 million of third quarter 2009 revenue. Connectivity Solutions for GAAP reporting purposes represents delivery of global networks and system management services. Global Capacity's consolidated gross margin was $3.8 million and 28% for third quarter 2010 compared to $3.9 million and 24% in the third quarter of 2009. Operating Expenses decreased $1.6 million, from $6.7 million in the third quarter of 2009 to $5.1 million in the third quarter of 2010.
For additional financial information regarding the Company, please refer to its Form 10-Q for the quarter ended September 30, 2010. Investor inquiries can be submitted in writing to [email protected]
About Global Capacity
Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ) [formerly operated as] a telecom information and logistics company providing a fully integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, governments and carrier customers worldwide. Global Capacity has offices in the United States and the European Union. For more information, please visit www.globalcapacity.com or contact the Company at [email protected]
CHICAGO, July - Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ), the world's leading telecommunications information and logistics company,today announced that it has initiated a formal process that will result in the Company restructuring its balance sheet and capitalization structure. This process will enable Global Capacity to emerge as a stronger, more profitable company that is well positioned to continue delivering the products and services that customers and the market have come to expect from Global Capacity. Through this process, the Company is expected to substantially strengthen its balance sheet, organizing its debt obligations and past due trade payables. These changes will enable the Company to drive organic growth and to further invest in innovation. The process is expected to complete prior to year end.
Global Capacity has secured commitment for a capital infusion (debtor in possession financing) required to restructure the Company within Chapter 11 of the US Bankruptcy Code. The capital will be used to organize and satisfy payables to critical vendors and fund working capital. The Company also plans to eliminate as much of its existing debt as possible, equitizing the balance sheet, and reducing the monthly cash drain required for debt service. Through this process, the Company will seek to maximize value for its creditors and shareholders, with a goal of achieving some form of continuing participation for existing shareholders. The Company has retained Capstone Investments as its financial advisor to manage this process. Questions regarding the process may be directed to Capstone at (312) 878-4888.
The accompanying condensed consolidated statements have been prepared on a going concern basis, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As of September 30, the Company's current liabilities and liabilities subject to compromise exceeded its current assets by $46.5 million. Included in the current liabilities and liabilities subject to compromise is $20.0 million of current maturities of long-term debt, net of $23.1 million of debt discount associated with the initial fair value of related warrants and embedded derivatives and $17.3 million associated with OID and imputed interest. Cash on hand at September 30, was $3.9 million (not including $0.3 million restricted for outstanding letters of credit and tax escrow).
On July 23, 2010, the Company and its United States ("U.S.") subsidiaries (the "Debtors") filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court (the "Bankruptcy Court").The Debtors will continue to operate their business as "debtors-in-possession" under the supervision of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. The Company's subsidiary in the United Kingdom, Magenta, was not included in the filing and will continue their business without supervision from the Bankruptcy Court and will not be subject to the requirements of the Bankruptcy Code.
The Company remains in possession of its assets and properties, and continues to operate its businesses. The Company has obtained and the Bankruptcy Court has approved debtor-in possession financing which will provide up to $10.25 million, of which $9.25 million was funded, ("DIP Financing"). The financing will enable the Company to continue to operate its businesses in the ordinary course pending a proposed reorganization of the Company's businesses.
Captial Growth Systems, Inc. Alters Executive Suite
NEW YORK, February 18, 2011 - SEC - Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ) George King has been the President of Capital Growth Systems, Inc. (the "Company") and more recently has served as the Interim Chief Financial Officer of the Company. He entered into a separation agreement with the Company on February 14, 2011, agreeing to separate from employment as of that date. The agreement calls for continued payment of certain benefits and for payment of severance contingent upon the effectiveness of a full release of the Company by Mr. King. Effectiveness of the release is subject to a 7 day period from signature, in which he may elect to rescind the release. Payment of the severance is contingent upon bankruptcy court approval. Mr. King continues to serve on the Company's board of directors.
Dan Kardatzke is serving as the Company's chief financial officer, with his appointment effective as of January 6, 2011. Mr. Kardatzke, 37, joined the Company in February 2007 as the Vice President of Business Development, and just prior to assuming the role of Executive Vice President of Corporate Development and Chief Financial Officer held the position of Senior Vice President of Corporate Development overseeing M&A, corporate strategy, risk management and investor relations. Prior to joining the Company full-time, Mr. Kardatzke operated as an independent consultant handling the due diligence on the acquisitions by the Company of CentrePath, Inc. and Global Capacity Group, Inc. in 2006. Mr. Kardatzke has more than fifteen years of experience in corporate finance and strategy, as well as experience in co-founding his own company, SageTV back in 2002 that he led as President, Chief Executive Officer and Chief Operating Officer until December of 2005. Mr. Kardatzke began his corporate finance career from 1997 to 2002 in a variety of roles at Frankel and MarketForward (Publicis Groupe companies) until he founded SageTV. Mr. Kardatzke holds a Bachelor's Degree in Corporate Finance from the University of Illinois.
Global Capacity Announces Acquisition By Pivotal Group
CHICAGO, Feb., 1, 2011 - PRNewswire- Global Capacity (OTC Bulletin Board: CGSYQ), the world's leading telecommunications information and logistics company, today announced that the United States Bankruptcy Court for the District of Delaware has entered an order approving the acquisition of substantially all of the assets of Global Capacity by Pivotal Global Capacity, LLC, an affiliate of Pivotal Group, Inc. This approval follows the acquisition by Pivotal of 100% of the secured debt of Global Capacity. Global Capacity and Pivotal Group have now commenced seeking regulatory approvals _____________________________________
"This decision by the court represents an important milestone for Global Capacity and our customers, our suppliers, and our employees," noted Patrick Shutt, Global Capacity CEO. "Pivotal Group has recognized the tremendous potential of the Global Capacity platform, and this acquisition provides the Company with the financial strength and strategic backing we need to continue to provide innovative solutions to our global base of customers and prospects."
Upon completion of the acquisition, Global Capacity will emerge from bankruptcy with no debt and positive monthly cash flow from operations. The Company has maintained strong customer and supplier relationships throughout its restructuring process, and on emergence, Global Capacity will have the financial strength and backing required to support the Company's organic growth objectives, while investing in its strategic mission to create the first Global Access Exchange.
"We are extremely pleased that the Court has approved our bid to acquire Global Capacity, and we look forward to completing the regulatory process and helping them to emerge from bankruptcy as a financially sound company," said Francis Najafi, CEO of Pivotal Group. "We are very excited about the growth potential of this platform, and look forward to working with the Global Capacity team to unlock its potential."
Jerry Pence, Managing Director of Pivotal Group, added, "The explosion of demand for global network bandwidth coupled with the fundamental inefficiency of the global access network market creates an amazing opportunity for companies with the vision and the capability to enable this critical access exchange. We believe Global Capacity is uniquely positioned to address this opportunity, and we are excited about the chance to work with the company going forward." For more information on Global Capacity and our service offerings, please visit www.globalcapacity.com
About Global Capacity
Global Capacity is a telecom information and logistics company that helps customers improve the efficiency and reduce the cost of access networks globally. The Company is creating the first Global Access Exchange that provides ubiquitous access network solutions across geographies and suppliers. Based upon its core platforms, One Marketplace Information Exchange and One Marketplace Network Exchange, Global Capacity delivers Enablement Solutions and Outsource Solutions to Purpose-Built Integrators, Telecommunication Carriers, and Enterprise Customers globally. Global Capacity is headquartered in Chicago, IL, with additional offices in Waltham, MA, Glastonbury, CT, Manchester, U.K., and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the Company at (312) 673-2400.
About Pivotal Group
Pivotal Group is a leading investment company headquartered in Phoenix, Arizona, with primary concentration on private equity and real estate. Its focus is centered on the implementation of its business strategy in conjunction with a comprehensive understanding of capital market dynamics. For more information, visit www.pivotalgroup.com.
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as: the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business. For further information on factors which could impact the Company and its subsidiaries and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE: Global Capacity at http://www.globalcapacity.com .
News Provided by Acquire Media
NEW YORK, February 1, 2011 - SEC - Capital Growth Systems, Inc. (OTC: CGSYQ) (the "Company"), together with its wholly owned subsidiaries Global Capacity Direct, LLC, Global Capacity Group, Inc., CentrePath, Inc., FNS 2007, Inc., 20/20 Technologies, Inc., 20/20 Technologies I, LLC, Global Capacity Holdco, LLC, Nexvu Technologies, LLC, Capital Growth Acquisition, Inc. (each a "Debtor" and collectively with the Company, the "Debtors") are presently subject to Bankruptcy Court proceedings in the U.S. Bankruptcy Court, District of Delaware.
Bankruptcy Court Enters Order Pertaining to Capital Growth Systems, Inc.
On January 27, 2011, the United States Bankruptcy Court for the District of Delaware entered an order ("Sale Order") approving the sale of substantially all of the assets of Global Capacity to Pivotal Global Capacity, LLC or its subsidiary, GC Pivotal, LLC (collectively, "Pivotal"), an affiliate of Pivotal Group, Inc. Pivotal had previously acquired 100% of the secured debt of Global Capacity. Global Capacity and Pivotal have now commenced seeking the federal and state telecom regulatory approvals necessary to effect a transfer of the assets and assumption of telecom services by Pivotal. The sale is to close after regulatory approvals are obtained. The assets being acquired include all shares of non-debtor Magenta netLogic Limited, UK, or alternatively all of that entity's assets will be transferred to the Debtors in exchange for a release of inter-company debt before the Sale closing.
The sale of the assets to Pivotal will be effected pursuant to an Amended Asset Purchase Agreement ("APA") in the form as an Exhibit to Form 8-K, and as may be amended to incorporate: (i) the terms of the Sale Order, to the extent it supersedes the foregoing, and (ii) certain agreements with parties to executory contracts being addressed in follow-up stipulations and orders. It contemplates the purchase of substantially all of the Debtors' assets for a purchase price not to exceed $28,643,000, comprised of: (i) approximately $10,983,000, representing credit against the amount of estimated indebtedness on the debtor in possession facility through the closing date; (ii) not more than $8,660,000 representing sums necessary to fund cure amounts (including payments to mission critical vendors for certain pre-petition liabilities) and to fund priority claims and administrative expenses of the Debtors' estate, including professional fees and amounts needed to wind down the estates; and (iii) $9,000,000 representing a credit bid amount against pre-petition secured loans; plus also the undertaking of Pivotal to assume certain agreed upon assumed liabilities of the Debtors. The APA contemplates the retention of certain retained causes of action by the Debtors.
The Sale Order approved also addressed the settlement of certain of the larger mission critical vendor claims and provided for later resolution of certain remaining outstanding claims and contract assumption issues.
$5.85 Million of New TCV Contracts & $9.23 Million of TCV Renewals CHICAGO, October -- Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ), [formerly] the world's leading telecommunications information and logistics company, today announced that in the quarter ended September, Global Capacity secured contracts valued at over $15 million total contract value (TCV). This compares to contracts valued at $4.7 million TCV for the second quarter ended June. Third quarter sales included $5.85 million of new TCV contracts and $9.23 million of TCV renewals. In total, the Company executed contracts with 28 customers in the quarter, including 4 brand new customers. "We are extremely pleased with the confidence our customers have placed in Global Capacity as we complete our balance sheet restructuring." said Patrick Shutt, Global Capacity CEO. "The level of activity, both new sales and renewal of existing contracts, speaks to the unique value of our offerings, as well as to the confidence our customers have in the business going forward. The revised bid procedures announced today will help ensure that the Company receives the capital required to clean up its balance sheet and position the Company for continued growth in the future."
For more information on Global Capacity and our service offerings, please visit www.globalcapacity.com.
About Global Capacity
Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ) [formerly operated as] a telecom information and logistics company that leverages a unique collection of global telecom supply and pricing data to enable transparency and automation in the global access network market. The Company provides Software & Optimization Solutions and Network Solutions that enable increased efficiency and reduced cost of access networks for integrators, telecommunications companies, and enterprise customers. Global Capacity is headquartered in Chicago, IL, with offices and operational centers in the United States and European Union. For more information, please visit www.globalcapacity.com or contact the Company at 312-673-2400.
_________________________________________________________________________ Global Capacity to Seek Sale Nod in November Carolyn Okomo NEW YORK, - Global Capacity Holdco LLC
will look to wrap up the bulk of its Chapter 11 case this week. According to spokesman Jack Lodge, the Chicago provider of telecommunications network logistics is set on Friday, Nov. 19, to a seek confirmation of its reorganization plan, centered on a sale of substantially all assets. Judge Peter J. Walsh of the U.S. Bankruptcy Court is scheduled to consider approval of the sale. According to the debtor's motion to approve the winning bid, filed Nov. 8, Global Capacity's board of directors on Oct. 26 recommended the $29.5 million offer of former senior lender Pivotal Global Capacity LLC. The bidder outlasted one-time stalking-horse bidder Global Acquisition Newco Corp. and Global Telecom & Technology Inc. in a two-day auction that began Oct. 21 in Chicago and concluded on Oct. 25 in New York. Global Capacity noted that although GTT's final bid - made after talks with the junior debenture holders behind Newco - was the highest in pure dollar terms, Pivotal's offer was "the bid that could best be included in a plan, provide the highest level of cash proceeds and the strongest documentation of its ability to close."
Under its asset purchase agreement, Pivotal would pay $25.5 million in cash and provide a $4 million three-year note to junior debenture holders. The unsecured debt would carry pay-in-kind interest of 7.5% and be subordinated to Pivotal receiving a 10% internal rate of return on its investment. The cash would allow Global Capacity to repay lenders that provided a $10.25 million debtor-in-possession loan, as well as holders of administrative and priority claims. Pivotal also would pay or assume claims of critical vendors and supply a wind-down budget for Global Capacity's estate. Reorganized Global Capacity would keep $1.5 million of the sale proceeds on its balance sheet after sale closing. The DIP had paid down the roughly $5.2 million in prepetition debt owed to senior lender Pivotal. Certain junior lenders had formed Newco to carry out a plan support and restructuring agreement reached before Global Capacity filed for Chapter 11 on July 23.
The debtor on Oct. 1 then filed a proposed stalking-horse APA from Newco that called for a roughly $30.2 million bid. The junior lenders behind the stalking horse were to credit-bid prepetition debt as well as the $7.25 million B tranche of the DIP they provided, for a total credit bid of roughly $27.2 million. They also were to pay about $3 million in cash to satisfy Tranche A of the DIP and to assume certain liabilities. Unsecured creditors and equity holders were to get stakes in Newco through Global Capacity's plan. No bidders submitted a qualified competing offer of at least $40 million by Oct. 7 under the original bidding procedures. Global Capacity alleged, however, that because Newco had not produced evidence of its funding sources or commitments by late September, it had the right to terminate the plan support agreement that named Newco a "conditional stalking horse" and open the bidding process. It terminated the PSA on Oct. 4, and Newco, Pivotal and GTT submitted offers by a new Oct. 14 deadline, setting up the auction a week later. Newco, for its part, said Oct. 7 in court papers it saw Global Capacity's termination notice, revised bid procedures and revised APA only when the debtor filed them with the bankruptcy court, which violated the terms of the PSA and DIP. The junior lenders also said the debtors had revised the funding requirements necessary to complete the deal, including figures "characterized by the debtors as 'guesstimates.' "
Global Capacity, nevertheless, now is poised to move forward with its plan centered on the sale to Pivotal. Both Lodge and David Wirk of Locke Lord Bissell & Liddell LLP, counsel to the official committee of unsecured creditors, declined to comment on the final terms of Global Capacity's reorganization plan and said they would be worked out throughout the week. As the current plan stands, holders of junior debentures issued in July 2009, owed $5.8 million; junior debentures issued in August 2009, owed $1.5 million; junior debentures issued in March 2008, owed $18 million; and junior debentures issued in November 2008, owed $10.3 million, would split the $4 million note. The junior lenders had been set to receive preferred stock convertible into common shares of the stalking horse under the original deal. General unsecured creditors owed $4.5 million would receive any cash remaining after junior lenders were paid in full. If Newco had purchased Global Capacity, they would have split pro rata 10% of Newco's equity with the debtor's shareholders.
Walsh approved Global Capacity's disclosure statement on Sept. 23. The company attributed its July 23 Chapter 11 filing and those of nine affiliates to its inability to drive internal growth due to both its complex capital structure and lack of liquidity. Global Capacity said in a statement its reorganization strategy would consist of cutting debt and reducing the monthly cash payments required to service that debt. Global Capacity pegged both its assets and liabilities at $26.97 million in assets and $17.15 million in liabilities. Both debtor counsel Douglas S. Draper of Heller, Draper, Hayden, Patrick & Horn LLC and debtor co-counsel Francis A. Monaco Jr. of Womble Carlyle Sandridge & Rice PLLC couldn't immediately be reached for comment on Tuesday. Robert Brady of Young Conaway Stargatt & Taylor LLP, counsel to certain debenture holders; Susan M. Freeman of Lewis and Roca LLP and Laura Davis Jones of Pachulski Stang Ziehl & Jones LLP, counsel to Pivotal; Jeffrey M. Wolf of Greenberg Traurig LLP, who represents Tranche A DIP lender Downtown CP-CGSY LLC, and Adam H. Friedman of Olshan Grundman Frome Rosenzweig & Wolosky LLP, who represents the Tranche B DIP lenders, also couldn't immediately be reached.
DEAL SIZE: $25-50 Million
Captial Growth Doubles after Update
NEW YORK, - SUMFOLIO PRESS RELEASE - Global Capacity of Capital Growth Systems, Inc. (OTC: CGSYQ), a telecom information and logistics company that is currently in bankruptcy, surged more than 250% during today's session after filing its financial statements in a required monthly update to the U.S. Bankruptcy Court. Traders pushed the stock higher as the deadline for an acquisition by Pivotal Global Capacity approaches.
MOST Recent Press Releases and Articles
11/16/2015 IntelePeer Partners with Global Capacity to Deliver CoreCloud™ SIP Trunking Service
Interconnection to One Marketplace™ Provides the Reliability, Speed to Market and Extended Reach for IntelePeer’s CoreCloud™ SIP Trunking Service11/16/2015
Global Capacity, the leading connectivity as a service company, today announces that it has been selected by IntelePeer, a leading provider of on-demand, cloud-based communications, to help extend the capacity and reach of its network and enable the efficient delivery of its CoreCloud™ SIP trunking service to end-user locations. With an interconnection to Global Capacity’s One Marketplace™ at its Chicago, Dallas and Denver switching facilities, and utilization of the real-time pricing and automated service delivery platform, IntelePeer secures the high-performanceEthernet connectivity needed to quickly and cost-effectively connect customer locations across the U.S. to its SIP trunking service.
IntelePeer CoreCloudTM SIP trunking service enables users to extend their Unified Communications capabilities while simplifying their network, reducing cost and enhancing business communications without additional investments in infrastructure. Leveraging IntelePeer’s secure, powerful cloud-based communications platform, customers can securely route communications over corporate Internet and data connections to deliver end-to-end, rich multimodal communications.
“Extending network reach via One Marketplace has enabled IntelePeer to reliably deliver our SIP trunking service to any U.S customer regardless of their location,” says Phil Bronsdon, Chief Technology Officer at IntelePeer. “Along with expanding our market share, One Marketplace’s quick turnaround on quotes and proactive circuit monitoring resulted in improved responsiveness and accuracy, thus enabling the best customer experience.”
Global Capacity’s One Marketplace automates the end-to-end process of off-net Ethernet access procurement and delivery with real-time access to competitive market rates for enhanced service delivery, reduced costs and decreased time-to-market. With Global Capacity, IntelePeer extends it near-ubiquitous network reach to over 9.6 million commercial locations across the country, providing an even greater enterprise market reach and opportunity. Furthermore, service assurance delivered through Global Capacity’s Network Operations Center (NOC) provides IntelePeer with the security that its circuits and network elements are monitored 24x7x365 by highly qualified engineers.
“Application Service Providers like IntelePeer turn to Global Capacity for Ethernet service delivery in order to improve performance and increase reliability while improving user experience and cost,” adds Jack Lodge President of Global Capacity. “We are pleased that the One Marketplace platform provides IntelePeer with connectivity enabling a distinctive product for accelerated growth within the enterprise market.”
To differentiate themselves, Application Service Providers require connectivity solutions that provide diverse, reliable and ubiquitous coverage, allowing them to reach their customers regardless of where they are located. Choosing the right connectivity partner to enable the delivery of business applications is a critical aspect of a successful execution strategy. Global Capacity’s One Marketplace eliminates the complexity and inefficiency of buying network connectivity by combining an interconnected, aggregated network with a Cloud application that automates the procurement of network services. One Marketplace streamlines service delivery and ensures the best client experience with a single interface for design, price and to fulfill multi-network, multi-geography requirements, as well as a single contract SLA, bill and point of contact.
To learn more about why Application Service Providers turn to Global Capacity’s One Marketplace to easily and securely connect customers, speak to a network expert or visitwww.globalcapacity.com/solutions/application-service-providers.
For more information about how Global Capacity is changing how the market buys network connectivity, visit globalcapacity.com/one-marketplace/platform.
Latest 2016 News
The company's platform offers a suite of applications to streamline the process of designing, pricing, procuring, and delivering data connectivity solutions
Vendor to Watch: Global Capacity
The company's platform offers a suite of applications to streamline the process of designing, pricing, procuring, and delivering data connectivity solutions. By Geoffrey Oldmixon
Network connectivity is a staple in the managed service provider’s menu of offerings, but regardless of whether that connectivity is Internet access, a private line, or a wide-area network, all available connectivity services need to be researched, priced, procured, and then managed. For some projects, this can be time-consuming and difficult, and that’s where the One Marketplace aggregation platform, from Chicago-based “connectivity as a service” provider Global Capacity, comes in.
Description Global Capacity’s One Marketplace network aggregation platform offers a suite of applications developed to streamline the process of designing, pricing, procuring, and delivering data connectivity solutions.
“MSPs are able to go into our portal,” says Global Capacity Vice President of Marketing Mary Stanhope of the platform, “put in an address, and find all the available connectivity services there as well as the price, the capacity, and the delivery time to make informed and intelligent decisions about connecting an SMB client.”
One Marketplace is more than a research tool. It also serves as an agent of sorts. “At the simplest point, we will tell you what your options are, but if you like one, you can also hit the ‘order’ button and we will deliver it to you in a consistent way, from a consistent team, in one consolidated bill.”
According to Stanhope, MSPs can use the platform to sign a direct agreement and guarantee with Global Capacity. “We manage that service, and we manage the performance,” she says. “So you’re dealing with just one company, independent of the technology, service, or network.”