Business
Digerati Technologies, Inc. Completes Acquisition of Synergy Telecom, Inc.
Digerati Technologies, Inc. Completes Acquisition of Synergy Telecom, Inc..
About this update from Digerati Technologies, Inc.
[{"type":"text","content":"\n\n - Enhances Organization with Seasoned Sales Team - - Doubles Texas-Based Revenue - - Implements New Tool for Accelerating Organic Growth -\n SAN ANTONIO, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB:DTGI) (\"Digerati\" or the \"Company\") today reported that the Company has completed the acquisition of Synergy Telecom, Inc. (“Synergy”), a leading provider of cloud communication services in Texas. Digerati’s wholly-owned subsidiary, Shift8 Networks, Inc. (“Shift8”), is combining Synergy with its Texas-based business and operations, and is expected to immediately double the Company’s Texas-based revenue. The combination of Shift8 and Synergy creates a customer-focused organization with a culture of exceptional service. Synergy’s sales-driven and seasoned operating team further positions the Company for execution on its two-pronged approach for hyper-growth, which includes adding revenue both organically and through the acquisition of profitable operators. The Company also reported that it launched Salesforce to equip sales and support with a single platform for delivering faster, smarter and more personalized service to its customers and value-added resellers (“VARs) while further enhancing response times. This leading sales and Customer Relationship Management (“CRM”) tool, that becomes the nucleus for sales quoting and reporting, also streamlines order processing and automates help desk operations. Strategically, the Company is setting the stage for this and other key ‘best practices’ to be integrated into future acquisitions.  As previously reported, Mr. Charlie Slaughter and Mr. Ryan McDowell, Synergy’s President and VP of New Business Development respectively, will join the Company as part of the business combination. Mr. Slaughter has over twenty-one years of experience in the communications and technology industries, all with an emphasis on sales and ‘exceptional customer service.’  Mr. McDowell has over fourteen years of communications and technology industries experience, and most recently served as a Regional Channel Manager for Vonage Business.  As part of the transaction, Shift8 further enhanced its sales team with the addition of Mr. Brandon Chenault as Channel and Enterprise ...