NWN Corporation, the leading Cloud Communications Service Provider (CCSP) delivering solutions for today’s work-from-anywhere environment, has closed the acquisition of Exeter, RI-based Carousel Industries. Backed by New State Capital Partners, the combined entity will deliver an estimated $1 billion run-rate revenue in 2021. Financial details of the transaction were not disclosed.
The acquisition comes on the heels of a record 24 months for NWN, including significant adoption of its solution portfolio and 20% acceleration in revenue growth from the year prior. With the acquisition of Carousel, the company is doubling down on its solutions for cloud communications, engagement, networking, devices, security, and infrastructure built for the work-from-anywhere environment.