[March 15th 2019] CranCom, Inc. a leading national provider of Telephony products and services has acquired Advanced Communications & Media, a leading regional provider of Surveillance, Access Control Systems, as well as Telephony services. The official announcement was made at CranCom head quarters on Tuesday 3/12/19. The move to acquire ACM first started in Aug of 2018 to add expertise in the above mentioned market segments, cross pollination of services to respective customer bases, and to increase the scale of CranCom’s capabilities in the New England region and beyond. Negotiations took several months to conclude and the deal was signed Friday March 1st 2019.
“The acquisition of ACM will double the size of our customer base in New England while increasing the range of services we can offer those local customers as well our National Accounts & partners across the country”, said Rick Smith, the Executive Vice President of Business Development & Strategic Partnerships.
“The acquisition of ACM fits well with CranCom’s strategic goal to become a full service one stop shop for any, and all types of Technology Platforms that reside on today’s IP networks, and eventually we’ll even provide manage services for those networks as well”, said John Greene, the Founder and President of ACM. John Greene will now be assuming a leadership role and share of owner ship in the new organizational structure as the Northeast VP of Business Development.
“By purchasing ACM, we are one step closer to becoming the full service, nation wide organization we set out to become years ago. The new range of service offerings answers the call for many of our existing customers, brings on the additional man power & talents needed to satisfy those needs, and the substantial expansion of our local customer base will more than cover the costs of this expansion”, Said Patrick McCarthy, the Chief Financial Officer at CranCom. .
About CranCom, Inc.
CranCom is a Technology Integrator that offers the most advanced network security suite available to the public, thus providing the highest quality Voice over Internet Protocol (VoIP) in the Industry. CranCom offers best in class Hosted or Premise based Business Telephone Systems, Numerous models of IP Telephones, Video & Data security, IP Cameras, Access Control Solutions WiFi access points, Firewall/Routers, Carrier Services and PC’s. Customers can to expect network security, a quality installation, cost savings, a rapid return on their investment, and superior support.
Chief Financial Officer