Telovations Acquires North Carolina-based FeatureTel

TAMPA - Telovations, a Tampa-based provider of cloud communications services to business, has announced the acquisition of FeatureTel, a IP telephony company in North Carolina. The acquisition expands the Telovations network footprint, increases its software integration capabilities and strengthens the company’s customer base. In addition, the company will be expanding its customer service team in both North Carolina and Florida.

Funding for the deal was partially provided by Silicon Valley Bank. Financial terms of the deal were not disclosed. Telovations will grow its regional presence in North Carolina as well other Southeastern states. Paul Levering, founder and CEO of FeatureTel, will assume the role of Regional President, Mid-Atlantic and take a seat on the Telovations Board of Directors.

“We are pleased to be joining forces with a company that has demonstrated such success in cloud communications and collaboration,” said Paul Levering, founder and CEO of FeatureTel. “Telovations now offers FeatureTel customers an industry leading call center solution, robust call recording capabilities and enhanced desktop and CRM integration solutions, in addition to our hosted IP telephony offerings.”

Mark Swanson, co-founder and CEO of Telovations, stated, “In addition to accelerating our growth plans, Telovations looks forward to leveraging FeatureTel’s award winning customer service, as well as its application development expertise, to offer additional solutions to our customers nationwide.”

The company headquarters will be in Tampa, with presence in Atlanta and Jacksonville. The mid-Atlantic region will be based in Research Triangle, North Carolina.