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ANXeBusiness Corp. Acquires S2S Communications
(Market Wire Via Acquire Media NewsEdge) SOUTHFIELD, MI -- (MARKET WIRE) -- 02/05/10 -- ANXeBusiness Corp., a leading provider of networking and security managed services, today announced the acquisition of enterprise broadband and managed network infrastructure service provider S2S Communications. Since both companies are privately-held, complete terms are not being disclosed. This is ANXeBusiness' fifth acquisition in the past three years, and reinforces the company's strong foundation in the managed security and managed network service markets.
Founded in 2008 and headquartered in Conshohocken, PA, outside of Philadelphia, S2S provides IT network design, engineering, implementation, management and lifecycle solutions to the Fortune 1000. Specific services include enterprise connectivity and transport aggregation across North America, VPN monitoring and management, event log monitoring/management, compliance reporting and fully managed networks. S2S will continue to operate from its Conshohocken location, giving ANX an even stronger presence in Greater Philadelphia and the Eastern Seaboard, generally.
"S2S has deep expertise in delivering customized network and connectivity solutions. We're pleased to be adding S2S employees and clients to the ANXeBusiness family," said Rich Stanbaugh, President and CEO of ANXeBusiness. "The ANXeBusiness cloud-based control network will enable us to further enhance these solutions and make them faster to deploy." Under terms of the agreement, ANXeBusiness will be acquiring S2S's suite of managed network products and services. S2S has vertical customer concentrations in the energy, insurance, human resources and staffing, IT services, wholesale distribution and automotive segments.
"We're delighted to be joining the team at ANXeBusiness and introducing our customer base to ANX's strong line of managed security solutions to complement our managed network infrastructure and enterprise connectivity solutions," said Mike Kelsen, Chairman and CEO of S2S Communications. "In addition to these product synergies, ANX shares our passion for customer support and commitment to product innovation." The recently completed transaction comes a year after ANXeBusiness acquired the assets of CSCI Inc., including the Virtual Private Network (VPN) portion of CSCI's OfficeScreen business and the VPN division of Positive Networks, Inc. and its flagship product, PositivePRO. Additionally, ANXeBusiness completed the purchases of Management Information Systems Group (MISG) in December 2006 and Virtual Services, Inc. in July 2007.
ANX has been headquartered in Michigan for more than 10 years and continues to expand rapidly. The company was recently recognized as one of the world's largest software companies in Software Magazine's Software 500. In addition, the company was also awarded the "Best of the Best Michigan Business" by Corp! Magazine and was named as a "Hot Company" for 2009 by Network Products Guide.
About ANXeBusiness Inc.
ANXeBusiness Inc. (http://www.anx.com), headquartered in Southfield, Mich., has offices in Research Triangle Park, N.C., Overland Park, KS, Philadelphia, PA, San Diego, CA and Toronto. The company offers customers a portfolio of products and services that enable secure collaboration within and between enterprises, based around deep technical expertise, broad experience with mission-critical data connectivity, a passion for customer support and a proven record of supporting business needs across multiple value chains. ANX is owned by One Equity Partners (http://www.oneequity.com), which manages investments and commitments for JP Morgan Chase & Co. in private equity transactions.
About S2S Communications S2S Communications (http://www.s2scommunications.com), headquartered in Conshohocken, PA, designs, develops, deploys and manages enterprise IT networks that enable secure business communication for a diverse Fortune 1000 client base. The business which became S2S was originally founded in 2002 as a division of Fiberlink Communications Corporation, the well-established end point security and wireless services provider for mobile users. S2S completed its corporate spin-out from Fiberlink and became an independent company in 2008, with the financial and operational backing of Miro Capital Partners (www.mirocapital.com), a venture investment firm with headquarters in Center City Philadelphia.
Contact: Dan Chmielewski Madison Alexander PR 1-714-832-8716 Email Contact
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