Lingo® Exceeds 2019 Full-Year Synergy Goal
Swift integration efforts enabled Lingo to exceed its 2019 annualized synergy goal
ATLANTA, December 31, 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 exceeded, on a pro-rata basis, its previously established annual synergy goal for 2019.
Lingo established its full-year 2019 annual synergy goal of $8.7 million following the Impact Telecom and Fusion Connect acquisitions that were both closed in early 2019. Once that goal was established, the combined company acted swiftly to begin to integrate all aspects of the business into one efficient, seamless enterprise.
These integration efforts have paid off and as of December 31, 2019 Lingo exceeded the 2019 synergy goal of $8.7 million by 29% to achieve a total of $11.2 million in annualized synergies.
- January 2019 Annual Synergy Goal Established – Lingo established its annual synergy goal of $8.7M for the full-year 2019
- June 2019 Achievement – At mid-year, Lingo had achieved $7.0 million in annual synergies as of June 30, 2019 (Q2 ’19) which is 81% of the annual goal.
- Dec 2019 Achievement – At year-end, Lingo achieved a final tally of $11.2 million in annual synergies as of December 31, 2019 (Q4 ’19) which is 129% of the annual goal.
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 all of our efforts and this integration work will pay dividends well into the future.”
“We are thrilled with the synergy and integration result through December 31, 2019. We exceeded our initial annual estimate of $8.7 million by 29% and have achieved $11.2 million in annualized synergies 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