Tuesday, July 29, 2003

Telecom firm MVD acquires Sysborne



By Mike Boyer
The Cincinnati Enquirer

Bolstering its position as a telecommunications provider, MVD Communications in Loveland has acquired rival Sysborne LLC.

Financial terms weren't disclosed.

Jeff Black, MVD president, said his company would add about 15 employees from Sysborne.

He also said MVD would close Sysborne's office on Governors Hill Drive in Symmes Township and Sysborne's office in Cleveland.

Black also said that MVD, started 11 years ago as Cincinnati Voice and Data, wasn't finished looking for acquisitions. He said the company has proposals out to at least four other companies and could announce another acquisition this week.

Privately held MVD has 130 employees and expects revenues this year of $25 million.

It has about 3,000 voice and data network customers in the Tristate and elsewhere.

Sysborne, started in 2000, acquired the assets of the former InfiNet Communications, a Blue Ash telecommunications provider, in a Bankruptcy Court-supervised auction a year later.

The company had about 1,500 business customers, and Black said the business should generate $5 million in revenues for the rest of this year.

In addition to expanding its customer base, Black said the acquisition would broaden MVD's technology expertise.

With the deal, MVD acquired Sysborne's sister company, Cable-Optic Corp.

In the last year, MVD signed an $8 million contract to provide telecommunications services to Dayton's Reynolds & Reynolds.

In 2001, it acquired a national deployment center in Omaha, Neb., to service a customer's national offices.

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E-mail mboyer@enquirer.com




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