BCM One, a portfolio company of private equity firm Thompson Street Capital Partners (TSCP), has acquired CoreDial, a provider of white label UCaaS services sold throughout the United States, from members of management and LLR Partners, a Philadelphia-based private equity firm.
The acquisition of CoreDial, following BCM One’s previous acquisitions of SkySwitch and Arena One, gives BCM One a significant footprint in the UCaaS space and allows it to serve customers with a variety of leading products. Terms of the transaction were not disclosed.
Geoff Bloss, BCM One’s CEO, says: “The acquisition of CoreDial supports the continued strategic growth of BCM One. As part of the Company’s SkySwitch UCaaS solutions, we now have more than 600,000 seats with our partners who rely on our solutions to meet their communications needs. We are excited about the opportunity to work with CoreDial’s existing partners and customers to offer a deeper set of products and solutions to help them navigate their voice, data and networking needs.”
“We believe BCM One is the logical partner for the next stage of the evolution of CoreDial,” adds Jesse Klein, a Managing Director at TSCP. “We are excited to work with CoreDial to continue to grow and support their partners.”
John Cunningham, BCM One founder and Board Member, adds: “We are excited to have completed our eighth acquisition together with Thompson Street. Their commitment to working alongside the BCM One team to grow the business during our partnership has been exceptional. Adding CoreDial to the growing BCM One family represents an opportunity to rapidly expand our UCaaS product offerings.”
