Business
Digerati Technologies, Inc. Enters into Letter of Intent to Acquire Synergy Telecom, Inc.
Digerati Technologies, Inc. Enters into Letter of Intent to Acquire Synergy Telecom, Inc..
About this update from Digerati Technologies, Inc.
[{"type":"text","content":"\n\n Texas-Based Revenues to DoubleCost Synergies to be Realized Near-Term\n SAN ANTONIO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB:DTGI) (\"Digerati\" or the \"Company\") today reported that the Company has entered into a Letter of Intent to acquire Synergy Telecom, Inc. (“Synergy”), a leading provider of cloud communication services in Texas. The transaction will result in Shift8 Networks, Inc. (“Shift8”), a wholly-owned subsidiary of Digerati, combining Synergy with its Texas-based business and operations. Based in San Antonio, Texas, Synergy is a service-driven and customer-focused provider that has been delivering high-definition voice and video solutions since 2001. Synergy serves the small-to-medium-sized-business (“SMB”) market and government accounts, providing cloud communication services to nearly 2,500 customers primarily in Texas. Synergy’s customer base includes the Texas cities of Glen Rose, Lake Worth, and Rockport, along with Aransas County Appraisal District, Texas Workforce Solutions, Harrington Industrial Plastics, Star Shuttle, and the McNay Art Museum. Synergy has a highly-experienced team consisting of Mr. Charlie Slaughter, President, and Mr. Ryan McDowell, VP of New Business Development. Mr. Slaughter has over twenty-one years of experience in the communications and technology industries. He has founded several companies over his career, 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. Prior to joining Vonage, Mr. McDowell held the same position at Simple Signal Communications. Charlie Slaughter, President of Synergy, stated, “Our team is eager to take Synergy to the next level by growing and continuing to provide exceptional service to our existing and future customers. We simply could not have secured a better culture of service and operational fit by combining with Shift8. Our current and future customers, and Shift8’s Value Added Resellers (VARS) will no doubt benefit from this combination, as together we will be a stronger and more capable entity in terms of our reliable network and service offerings.” Arthur L. S...