BCM One, a portfolio company of Thompson Street Capital Partners has acquired Alpharetta, Georgia-based SIP.US, a provider of on-demand, enterprise-class IP communications software solutions to businesses. No financial terms were disclosed. Croft & Bender was financial adviser to SIP.US on the deal.
February 11, 2019 – Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful sale of its client, SIP.US LLC and SIPTRUNK Inc. (“SIP.US”), to BCM One, a portfolio company of Thompson Street Capital Partners.
Headquartered in Alpharetta, Georgia, and founded in 2012, SIP.US is a leading provider of ondemand, enterprise-class IP communications software solutions to businesses. The Company’s fully automated SIP trunking software solution enables quick and easy setup, flexibility and scalability, and a powerful self-service control panel, all supported by a Tier-1 redundant network to ensure the highest level of performance and reliability for its users. The Company’s SIPTRUNK platform offers a differentiated and compelling value proposition for partner resellers, such as IT consultants, dealers, value-added resellers, manufacturers and distributors, who wish to add a brandable white label VoIP solution to their managed service portfolio and generate monthly commission revenue.
Croft & Bender served as the exclusive financial advisor to SIP.US in the transaction. “C&B utilized their deep experience to prepare us for the market and executed a thorough, highly sophisticated process to find the optimal partner for us,” said Michael Rand, co-founder of SIP.US. “Thompson Street and BCM One are ideal partners for the next phase of growth for SIP.US,” Marc Fribush, co-founder of SIP.US, added.
“We are thrilled that Michael and Marc were able to achieve the outcome that they deserved for the SIP.US business,” commented Steve Tye, Managing Director at Croft & Bender. “We look forward to seeing the significant value it will add to the BCM One platform.”