Carousel Industries Signs Letter of Intent to Acquire Juma Technology
Acquisition of Avaya Business Partner Strengthens Core Convergence Capabilities, While Expanding Regional Footprint
Exeter, Rhode Island, February 2, 2011- (Virtual Press Office) -- Carousel Industries, a leader in data networking and unified communications, announced that it has signed a letter of intent to acquire the assets of Farmingdale, NY-based Juma Technology Corp., subject to certain approvals. Juma Technology is an Avaya Business Partner and a business unit of the publicly traded Juma Corporation (JUMT).
By acquiring Juma Technology, Carousel Industries builds on its core capabilities in convergence, IP telephony and traditional networking while expanding its customer footprint in the northeastern region. Juma Technology was formed in 2002 and most recently was recognized for its fast growth and innovation by leading technology magazines including CRN, which ranked Juma number 50 on its Fast Growth 100 List in 2009. Juma Technology has approximately 350 customers and offices in Farmingdale, Long Island and New York City.
"Our acquisition of Juma Technology plays to Carousel Industries' core strengths in networking and convergence, while expanding our geographic footprint," commented Jeff Gardner, chief executive officer of Carousel Industries. "The company's track record of growth -- despite economic uncertainty in the market -- is nothing short of remarkable. Their ability to attract and retain loyal, enterprise clients despite their relatively small size is also very impressive."
Juma Technology established itself as a data networking solutions provider back in 2002, and began designing and selling converged solutions as soon as they began to appear on the market. The company -- which focuses primarily on enterprise customers -- has been able to develop special expertise implementing convergence solutions across a range of vertical markets including retail, healthcare, education (K-12 and university) and financial.
"We are enthusiastic about this acquisition and believe it is a very positive development for Juma Technology’s entire customer base," commented Anthony M. Servidio, chief executive officer of Juma Technology Corp. "Since the beginning, Juma Technology has had a one hundred percent focus on the customer; we believe this important characteristic will translate seamlessly into the culture of Carousel Industries, which holds similar customer values."
In addition to possessing a veteran sales force, Juma Technology also has an experienced staff of engineers capable of providing network management, pre-sales support, programming and network design services. The purchase of Juma Technology is the latest in several acquisitions made by Carousel over the last two years, as the company seeks to increase its capabilities while expanding its customer base and geographic reach.
Carousel Industries designs, delivers and supports technology solutions that become the foundation of our clients’ businesses. This includes unified communications, virtualization, Voice over IP (VoIP), video conferencing and collaboration and data infrastructure solutions. Since Carousel was founded in 1992 we’ve grown an average of 30% - 50% per year with estimated 2010 revenues of over $200 million. Today we have over 5,000 customers, including 35 of the Fortune 100. Carousel has been recognized by both VAR and CRN Magazines as one of the top technology integrators in the US and we’ve been listed in the Inc. 500 five times.
Carousel is headquartered in Exeter, RI with over 800 employees working from offices in 17 locations across the US, including over 250 service technicians deployed across the country. For more information visit http://www.carouselindustries.com
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