Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that BCM One, a TSCP portfolio company, has acquired CoreDial from members of management and LLR Partners, a Philadelphia-based Private Equity firm. CoreDial is a Blue Bell, PA-based provider of leading white label UCaaS services sold throughout the United States. Terms of the transaction were not disclosed.
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.
Geoff Bloss, BCM One’s CEO said, “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’re 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,” added 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 added, “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.”
Founded in 1992, BCM One (www.bcmone.com) is a leading managed solutions provider offering businesses a one-stop shop for integrated technology needs. Now serving more than 19,000 customers worldwide, BCM One offers a variety of solutions supporting businesses’ critical network infrastructure – unified communications, SIP Trunking and UCaaS services, SDWAN, cloud, security and connectivity solutions.