Intermedia to acquire Bellevue-based Telanetix for $55M

Intermedia, a cloud service provider, has agreed to buy Bellevue-based Telanetix Inc. for $55 million, including $13 million in net debt and liabilities.

Telanetix is a cloud-based communications solutions company that focuses on voice over IP (VoIP) services. It reported $31.2 million in revenue for 2012. The company’s 100 employees will stay with the company.

“Intermedia has become a fast-growing, innovative, and market-leading cloud services platform provider,” Doug Johnson, CEO of Telanetix and AccessLine, said in a press release. “As such, this transaction will enable our 40,000 customers and partners to have access to an even broader suite of enterprise-grade cloud services, including hosted Exchange, cloud server, security, data management, and more.”

Intermedia was founded in 1995 and provides cloud services to small and mid-sized businesses, including Microsoft Exchange email, VoIP telephony, instant messaging and security. It’s the world’s largest third-party provider of hosted Microsoft Exchange services and powers over 550,000 premium hosted Exchange mailboxes. The company has 500 employees.