Log On America Buys UcoNect
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Log On America Inc. continued its Northeast expansion Tuesday with its second purchase of August.
LOA Tuesday acquired Connecticut-based UcoNect LLC. No financial terms were disclosed.
UcoNect currently offers statewide commercial, educational and residential local dial-up services. The company also offers free Internet training courses and introductory programming classes for members.
David R. Paolo, LOA chairman and chief executive officer, said the acquisition was part of LOA's plan to expand voice and data services in the Northeast U.S.
Edward R Tonino, UcoNect president, said the partnership will work to develop both residential and business services in their immediate markets.
"We are very excited about joining the Log On America team and participating in their development of our immediate market," Tonino said. "Our ability to attract high quality business clients combined with our systems and network architecture allow Log On America easy access to cross-sell additional telecommunication services in our market," Tonino said.
Log On America is a competitive local exchange carrier and Internet service provider offering voice and data services in the Northeast. This is the company's second major acquisition of an ISP in August. Earlier this month LOA acquired 22,000 dial up customers when they completed their purchase of New England ISP cyberTours Inc.
Paolo said expanding LOA's voice and data services takes more than acquiring existing businesses and their clientele.
"Log On America will continue to aggressively execute its three pronged growth strategy to pursue strategic alliances to expand our offering and reach, to cross-sell additional services to new customers, and to evaluate acquisition candidates."