Paetec And Xeta Technologies
Need proof that service and cloud provider bigwigs are looking to the IT channel for expansion purposes? Look no further than Paetec, which in early February confirmed it would acquire Avaya powerhouse Xeta Technologies, not eight months after buying another Avaya power, Quagga. The move was especially interesting given that Xeta, itself, was in full-bore acquisition mode and had recently bought a number of smaller solution providers itself. Paetec CEO Arunas Chesonis told CRN that the Xeta pickup is intended to accelerate Paetec's rapid channel and services expansion. Paetec detailed in a recent filing with the SEC that it intends to finance the completion of the acquisition in part through $225 million in new loans.