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OTT Communications acquires Reliable Networks of Maine, LLC

Posted Jan. 06, 2014, at 10:13 a.m.

PORTLAND, Maine –  OTT Communications, a division of Otelco Inc. (NASDAQ: OTEL), announced today that it has acquired Reliable Networks of Maine, LLC, a provider of cloud-based hosting and managed services. The acquisition expands OTT Communication’s existing carrier-grade service offerings to include support for critical VoIP, email, database and industry vertical software applications.

“Our business customers increasingly are turning to us to expand our hosting and managed services capabilities to be able to provide seamless, turnkey services anchored by our high-quality Internet and telecommunications offerings,” said Mike Weaver, CEO of Otelco, in a press release. “Over the years, we have successfully collaborated with Reliable Networks on larger, more complex VoIP deployments. Leveraging the networking and application hosting expertise of Reliable Networks by acquiring the company is a natural, evolutionary extension of our current product and services offerings to support the substantial growth of our Hosted IP Voice PBX Product.”

“We have always focused on clients who demand superior quality and high levels of client service,” noted Mark Stone, managing member and founder of Reliable Networks, in a press release. “As a high value-added provider, our ‘measure twice, cut once’ approach resonates with clients for whom downtime is expensive and disruptive. We’re excited about formalizing our relationship with OTT Communications and offering a full suite of network and cloud-based services.”

The acquisition will provide OTT Communications with additional managed service capabilities that will supplement the growth of existing IP services while expanding its current market presence beyond New England. These new services will include turnkey VoIP services in support of OTT Communications’ Hosted IP Voice PBX Product, secure and resilient hosted e-mail, unified communications, as well as remote desktop hosting and support.

Reliable Networks will operate as a division of OTT Communications. Additional information about Reliable Networks and OTT Communications can be obtained by visiting their respective websites at www.reliablenetworks.com andwww.ottcommunications.com or by emailing bob.froberg@ottcommunications.com.

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