Cohere Communications, LLC Acquires Managed Services Provider “Another9” Inc.
NEW YORK, Oct. 2, 2014 — Cohere Communications, a New York based provider of Hosted Next Generation Telephony, Unified Communications and Cloud Hosting Services is pleased to announce that it has acquired the firm of Another9, Inc., a Managed Services Provider offering Cloud Computing and Data Center Operations strategically located in Westchester County.
“We certainly have come a long way,” stated, Cohere Communications CEO, Steven Francesco. “In this acquisition, we not only saw a company with a shared focus, commitment and expertise in addressing complex technologies, but more importantly, we identified the opportunity to better serve our clients”. The move is being fittingly described as the “perfect complement”, allowing clients to bundle services in a manner that can address their evolving challenges.
With over three decades of combined experience, the strategic decision to procure Another 9 allows Cohere to offer clients broader support capabilities with an enhanced team of engineers — strengthening its commitment to customer service. The acquisition will also provide remote site, disaster recovery real estate, including a highly secure, data center operation spanning beyond the New York City area.
Cohere with Another 9, will continue building upon its best-in-class, Voice, Internet, private network and now, fully Managed Services. Being a single entity, Cohere/Another9 will offer the ability to manage all aspects of its customers’ communications and technology assets. New York based, Praesidian Capital provided the funding and will be working alongside Cohere in reviewing future capital requirements.
Cohere’s ownership and management of Another9 is effective as of October 1, 2014.
ABOUT COHERE COMMUNICATIONS:
Since 2004, Cohere Communications has continuously provided services to some of the most recognized corporate icons in the financial and media sectors. Cohere is headquartered in New York City and has an active presence throughout Canada, via its Toronto office. Employing a private IP network “fabric”, Cohere integrates the latest Cloud-Based technologies with diligent planning and design. Cohere maintains facilities in strategically located data centers throughout North America. Since its inception, the firm has been customer service centric, enabling its clients’ to stay-a-step ahead of today’s competitive landscape.
For more information on Cohere, visit us online at www.coherecomm.com or call us at: 1-212-404-6900
Another9 assists corporations and organizations to advance business uptime through specialist Infrastructure-as-a-Service (IaaS) and Disaster Recovery-as-a-Service (DRaaS) services. Our Cloud Service Platform properly addresses and conforms to two vital requirements; compliance and security, and is used by a cross-section of business verticals. Our clients include commercial banks, hedge funds and private equity partnerships, insurance companies, legal firms, utilities, healthcare, consumer products, B2B commerce as well as public sector bodies and non-profit organizations. In a nutshell, people who need secure, always accessible, resilient cloud services.
ABOUT PRAESIDIAN CAPITAL:
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States. Praesidian Capital was established in 2002 to manage dedicated funds on behalf of leading global financial institutions and ultrahigh net worth individuals. Their investments generally range in size from $5 million to $20 million.