Light Reading is reporting that Sun Rocket, a supplier to client ATS, has raised another 33 million. Clearly this has to be the last round in my view before either an IPO or an acquisition as they have raised $80 million to date.
They also are the third or fourth largest VoIP player who is not part of a cable MSO. Who are candidates to buy them? My eyes go to T- Mobile, and their parent in Germany, which is about to put more umph behind it's USA operations as they embrace fixed mobile convergence.
Both market to similar audiences and both are perfectly poised for one another. In my view Sun Rocket has passed Packet8 in marketing smarts and savvy, while learning lessons from Vonage on what not to do when it relates to customers. They are also a possible purchase target for Earthlink, which has the cash and a very rapidly growing VoIP business under the very astute and business smart Steve Howe.
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