Competitive Companies (CCI) has signed a share exchange agreement to acquire Voice Vision, in line with its strategic business plan designed to build enterprise value through organic growth and select acquisition opportunities.
In addition, the value to shareholders of both companies is significant with Voice Visions IP voice and video technology. Along with providing a voice over IP suite for the CCI’s current customers, Voice Vision’s video component adds market associated with distant learning, telemedicine and hearing impaired, the company said.
William Gray, CEO of CCI, said: Our strategic business plan outlines a methodology that advocates enterprise growth through acquisition and organic means that integrates strategic assets and core competencies advantageous to both parties. We look forward to working very closely with Voice Vision to continue the tradition of excellence for current customers, as well as expand a full range of new and unique products and services of value.
Jay Potter, chairman of Voice Vision, said: We have been selectively considering strategic alliance or merger candidates for some time to achieve VVI’s strategic vision. We are confident this merger with CCI enhances that vision and provides the elements required to expedite our business model.”
