Wachovia Capital Partners-Backed IBBS Closes Deal

Integrated Broadband Services, a Kennesaw, Ga.-based software and services business backed by Wachovia Capital Partners, has closed its acquisition of Parasun Technologies from Uniserve Communications Corp for an undisclosed amount. Parasun is based in Vancouver.

Press release:
Integrated Broadband Services (IBBS), the leading provider of triple play software and services to broadband network operators, announced today that it has closed its acquisition of Parasun Technologies, Inc. from Uniserve Communications Corporation (CDNX: USS.V).
IBBS Chief Executive Officer David Keil said, “Our integration teams are already working hard to identify and implement the best ideas and capabilities from across the company. We are confident that the new IBBS will provide even better customer service and increased market coverage than we had in the past and we are all excited to move forward together as a unified organization.”
Following the completion of its acquisition of Parasun, IBBS now serves a cable and broadband network operator customer base of over 200 companies with over 750,000 end-subscribers across North America, Latin America and the Caribbean. IBBS provides its services under a software as a service (SaaS) business model.
IBBS’s Broadband Explorer (BBX) system enables operators to rapidly launch new revenue generating services, provide excellent customer care, and ensure high levels of network availability while minimizing capital and operational expenses.
IBBS was recently ranked by inc. magazine as 46th among the 100 fastest- growing private telecommunication companies in America.
About IBBS
Since 2001, IBBS and its customers have been providing world class customer service and network management by using the Broadband Explorer (BBX) Provisioning and Diagnostic Software Suite and enabling the Triple Play through wired and wireless networks. IBBS is headquartered in suburban Atlanta, Georgia with Western operations out of Vancouver, British Columbia. Additional information can be found at http://www.ibbs.com or by calling 770-387-2053.