Carousel Industries Signs Letter of Intent to Acquire Juma Technology

Carousel Industries, a leader in data networking and unified communications, announced that it has signed a letter of intent to acquire the assets of Farmingdale, NY-based Juma Innovation Corp., subject to certain approvals.  Juma Research is an Avaya Business Partner and a business unit of the openly traded Juma Corporation.

By acquiring Juma Research, Carousel Industries builds on its core capabilities in convergence, IP telephony and traditional networking during expanding its customer footprint in the northeastern region. Juma Research was formed in 2002 and most recently was recognized for its fast growth and technology by leading technology magazines including CRN, which ranked Juma number 50 on its Fast Growth 100 List in 2009. Juma Technology has in broad outline 350 clients and offices in Farmingdale, Long Island and New York City.

"Our acquisition of Juma Research plays to Carousel Industries' core strengths in networking and convergence, during expanding our geographic footprint," commented Jeff Gardner, chief executive officer of Carousel Industries. "The company's track record of growth -- in spite of economic uncertainty in the market -- is nothing short of remarkable. Their ability to attract and retain loyal, enterprise customers despite their relatively small size is as well very impressive."

Data networking solutions provider back in 2002

Juma Research established itself as a data networking solutions provider back in 2002, and began designing and selling converged solutions as before long as they began to appear on the market. The company -- which focuses primarily on enterprise clients -- has been able to develop special expertise implementing convergence solutions across a range of vertical markets including retail, healthcare, education and financial.

"We are enthusiastic about this acquisition and believe it is a very positive development for Juma Innovation's entire customer base," commented Anthony M. Servidio, chief executive officer of Juma Innovation Corp.  "Since the beginning, Juma Innovation has had a one hundred percent focus on the customer; we believe this important characteristic will translate seamlessly into the culture of Carousel Industries, which holds similar customer values."

Veteran sales force

In addition to possessing a veteran sales force, Juma Technology as well has an experienced staff of engineers capable of providing network management, pre-sales support, programming and network design services. The purchase of Juma Research is the latest in several acquisitions made by Carousel over the last two years, as the company seeks to increase its capabilities during expanding its customer base and geographic reach.

Carousel Industries designs, delivers and supports research solutions that become the foundation of our customers' businesses.  This includes unified communications, virtualization, Voice over IP, video conferencing and collaboration and data infrastructure solutions.  Since Carousel was founded in 1992 we've grown an average of 30% - 50% per year with estimated 2010 earnings of over $200 million.  Today we have over 5,000 clients, including 35 of the Fortune 100.  Carousel has been recognized by both VAR and CRN Magazines as one of the top innovation integrators in the US and we've been listed in the Inc. 500 five times.

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