Monday, April 20, 2015
Switching Concepts Acquired By X5 Solutions
Santa Monica-based Switching Concepts, a provider of turnkey telecom switching platforms, aimed at helping startup and existing telecommunications providers, has been acquired by X5 Solutions. Financial terms of the buy were not disclosed. X5 Solutions is based in Seattle, and is owned by private equity investor NewSpring Capital. X5 said the acquisition also helps it expand into the Los Angeles market, in addition to adding additional capacity and network infrastructure.