Bellevue cloud company acquired in $55 million deal
Telanetix is sold to Intermedia, another cloud services provider that aims and small and mid-sized businesses.
Seattle Times business staff
Intermedia, a cloud services provider for small and mid-sized businesses, is acquiring Bellevue-based cloud communications company Telanetix.
Intermedia, based in Mountain View, Calif., is paying $55 million in the deal, including the assumption of a $13 million debt.
Telanetix’s hosted telecom voice services is marketed under the “AccessLine” brand. In 1997, AccessLine had merged with San Diego-based Telanetix.