Genband said to be eyeing Cedar Point Communications

Cedar Point Communications has refused to comment on reports that ever-aggressive Genband will acquire its VoIP technology business, but the company is taking umbrage at statements within those reports that its business is flagging.

"Cedar Point has never lost a customer, and in fact has experienced growth in its business," the company said in a statement rebutting portions of a Multichannel News article. That story, which quoted unnamed sources stating Genband would make a small purchase of Cedar Point, also contained quotes that "Cedar Point has been struggling-they have absolutely seen their customers leave for different vendors."

Not so, the company said.

"Cedar Point has experienced consistent growth in lines shipped over the past several years in what arguably has been a flat market," the company's statement said, pointing to "increased activities in the commercial services market, acquisition of new customers and growth within announced and unannounced existing customers."

As to the meatier part of the story, which is that Cedar Point has hired Boston-based investment bank America's Growth Capital to evaluate liquidity options, including a possible sale, the statement was blunt: "Cedar Point Communications does not comment on reports of the company as a merger partner, an acquirer or an acquisition."

For more:
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