Powernet in deal to merge with Maxis360 after two-year partnership
US enterprise telecoms specialist Powernet is to merge with Maxis360, the companies have announced.
The two companies have already been selling each other’s products and services under an arrangement that started in January 2016 and the merger will formalise than.
But the deal will end Powernet’s status as a company owned and led by women – three of its top four executives are women. Alli Stevens, CEO of Powernet, will stay in her role in the combined operation, and she will be joined by an all-male team from Maxis360, Chris Ghosio, Jeff Foster and Tony Wells.
“The merger between these two companies will serve to strengthen the team’s overall ability to serve our customers,” said Stevens. “We’re thrilled to have so many talented team members from Maxis360 that share our core values and beliefs join Powernet. This is an exciting new chapter in the company’s history.”
The companies both specialised in telecoms services with an added focus on public safety services. The companies did not give any financial details about the merger.
Jeff Foster, who was president of Maxis360 and will be vice president of the merged business, said: “Combining the two companies’ services allows us to provide a truly dynamic solution for our clients. We expect this merger to allow us to further differentiate ourselves from competitors through our ability to provide a complete and innovative solution with the latest and most advanced technology available in an environment where technology is rapidly advancing on a daily basis.”
Powernet’s headquarters will remain in Cincinnati while all Maxis360 offices in Florida will now operate under the Powernet name.