Consolidated Technologies, Inc. Sells Hosted VoIP Division to Stage 2 Networks

Online, January 4, 2012 (Newswire.com) - Consolidated Technologies, Inc. (CTI), a converged technologies company and Avaya Gold Partner, announced today that Stage 2 Networks, a cloud communications leader in the New York metropolitan area with a portfolio of hosted voice and data services, has acquired the hosted VoIP business division of its company. The acquisition allows for both companies to focus on their core areas of strength with Stage 2 Networks expanding its hosted VoIP enterprise and CTI strengthening its system integration business.

"This is a perfect opportunity for both companies to grow our organizations and concentrate on our primary services," said David Blau, founding Partner and Chief Strategy Officer of Consolidated Technologies, Inc. "CTI has enjoyed significant growth in the Enterprise communications market. We are putting considerable investment into our market leading practice of implementing Avaya solutions for these large customers. We believe that our renewed focus will further accelerate our expansion."

"With our Avaya partnership growing so quickly, it made sense for us to exit the hosted VoIP space," Blau continued. "An added bonus to this transaction is that we will continue to partner with Stage 2, as we still have many customers and prospects that will benefit from hosted services. I have personally known Joe Gillette of Stage 2 for 15 years. He has built a capable and reputable service provider in Stage 2, and CTI's hosted clients will be in great hands."

As the premier Broadsoft hosted carrier in the New York metropolitan area and experts in business voice and data solutions, Stage 2 Networks' newly acquired customers will have additional service options that can be integrated or added to their current hosted solutions. In addition, Stage 2 provides live customer support 24 hours per day, 7 days a week.

"By acquiring the hosted VoIP division of CTI, we have expanded our market-leading footprint while becoming stronger as a company, both operationally and financially." said Joseph P. Gillette, CEO of Stage 2 Networks and a founding member of the Cloud Communications Alliance.

About Consolidated Technologies, Inc.
Consolidated Technologies, Inc. (CTI) is an Avaya BusinessPartner, and the trusted Converged Voice Communications Solutions Provider in the NY Metro Area. Since 1997, CTI has been a premier provider of practical and effective communications solutions for medium to large businesses nationwide. Utilizing a single source approach, the company brings together leading communications experts, world-class products, and the creativity and expertise to design, implement, and manage powerful converged communications solutions. The company was created on the premise that the direction of superior communications was in applications like IP Telephony, Mobility, Contact Centers, Unified Communications, Communications Enabled Business Processes and Disaster Recovery. Today, CTI provides an array of the highest quality solutions; offering traditional premisebased and Hosted solutions, as well as carrier services and management. For more information, visit www.consoltech.com.

About Stage 2 Networks
Stage 2 Networks, a New York City-based communications provider, is among the forerunners in opening up the cloud-communications universe to companies of all sizes. Stage 2's robust network allows businesses to access a comprehensive portfolio of communications services including hosted PBX and VoIP, cloud-based unified communications (UC), advanced voice applications, and network services for both voice and data. Stage 2 delivers creative, customized solutions to businesses that will receive streamlined communications with enhanced quality of service, while drastically lowering their capital expenditures. Stage 2 is a founding member of the Cloud Communications Alliance. For more information visit stage2networks.com.

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For further information contact:
Consolidated Technologies, Inc.
Michael Latshaw
+1.914.935.6067
[email protected]