Lingo® Exceeding Synergy Goals Established for 2019
Swift integration efforts enhance business performance thus far in 2019 and set us up for continued success in the rest of 2019
ATLANTA, June 30, 2019 – Lingo Communications, LLC. (“Lingo”), a leading global Cloud/UC communications and managed service provider dedicated to serving the SMB, Carrier and Consumer markets, announced today that it is exceeding its previously established synergy goal through Q2 ’19.
Lingo established its full-year 2019 annual synergy goal of $8.7 million following the Impact Telecom and Fusion Connect acquisitions in early 2019. Once that goal was established, the combined company acted swiftly to begin to integrate all aspects of the business into one seamless enterprise.
These integration efforts are paying off and Lingo now expects to exceed the 2019 synergy goal of $8.7 million based on the results through June 30, 2019.
- Annual Synergy Goal – Lingo established an annual synergy goal of $8.7M for YE 2019
- March 2019 Achievement – Lingo achieved $6.0 million in cumulative annual cost savings as of March 31, 2019 (Q1 ’19), which is 66% of the annual goal.
- June 2019 Achievement – Lingo achieved $7.0 million in cumulative annual cost savings as of June 30, 2019 (Q2 ’19), which is 76% of the annual goal.
- YE 2019 Expected Achievement – Lingo now expects to exceed the 2019 synergy goal of $8.7 million based on the results through June 30, 2019.
Chuck Griffin, Lingo’s President and CEO said, “Our hard work to integrate and synergize the Impact and Fusion acquisitions has been nothing short of exceptional. Lingo staff and customers are at the forefront of everything we do, and this integration effort will pay dividends well into the future.”
“We are thrilled with the synergy and integration result through June 30, 2019. We are on track to exceed the initial annual estimate of $8.7 million and we could not be more excited,” said Brian McClintock, Chief Financial Officer of Lingo. “With an integrated business, best-of-breed IP-Network that spans North America and an ever-expanding product set, it is easy to understand why customers are choosing Lingo.”
Lingo is a leading global Cloud/UC communications and managed service provider to the SMB, Carrier and Consumer markets. Lingo provides modern, efficient, IP-based voice, data, managed services and network services to customers around the globe. Lingo owns both a nationwide IP-based Cloud/UC communications network as well as an expansive North American FG-D network serving many of the largest global Carrier customers. Lingo is proud to provide exceptional 24/7/365 customer care. For additional information, please visit lingo.com.
VP Sales & Marketing