Speakerbus Sells Network Business to FLEXeNET as Partnership Grows

LONDON, August 1, 2014 /PRNewswire/ --

Speakerbus, a pioneer in collaborative voice management and mission critical unified communications, today announced the recent sale of its Network Services business to FLEXeNET for an undisclosed sum.

Andy Wodhams CEO for Speakerbus says "FLEXeNET are a rapidly growing and highly regarded carrier with an extensive European network, and a unique self-provisioning portal that has come to set the standard in the industry. FLEXeNET's sole focus is on providing the best trader voice network solution in the industry, with an extensive on-net community, and a comprehensive technical solution which will serve our network customers now and in the future. The sale of this subsidiary unit supports our strategy to focus on our core financial clients while embracing partnerships with Telco's, Integrators and technology partners".

Chris Rose CEO for FLEXeNET says "We are very excited to dramatically extend the FLEXeNET community to include the Speakerbus network users.  This acquisition will enable FLEXeNET to offer services to over 150 new institutions, and will give the financial community broad access to the unique FLEXeNET self-provisioning portal and a true alternative in the trader voice market."

FLEXeNET are now operating the network, new circuit requests, invoicing and infrastructure. FLEXeNET will be operating a NOC in New York to complement the existing FLEXeNET global NOC in their London facility.

About Speakerbus 

Speakerbus Group plc is a privately owned communications technology developer and manufacturer headquartered in the UK with offices across Europe, the U.S. and Asia. An innovative thought leader that is helping shape the direction of voice collaboration throughout the trading enterprise. Established in 1984, Speakerbus has built a solid reputation for supplying the world's leading financial organisations with global, mission critical, high availability voice communication solutions.

About FLEXeNET 

FLEXeNET is a privately owned trader voice company, headquartered in the UK with facilities across Europe and North America.  Founded in 2009, FLEXeNET has developed a unique self-provisioning portal that offers real time creation, management and monitoring of trader voice circuits by the user community themselves; providing a higher level of service at lower cost.  Housed in state of the art, secure data centres no compromises have been made in the construction of the underlying network architecture to ensure maximum resilience and redundancy.  FLEXeNET is now widely used by all major banks and inter dealer brokers.

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SOURCE Speakerbus