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IntelePeer Announces Postponement of Initial Public Offering(January 25, 2012)
SAN MATEO, CA -- (Marketwire) -- 01/25/12 -- IntelePeer, Inc., a leading provider of on-demand, cloud-based communications services, announced today it has postponed its initial public offering due to market conditions.
"IntelePeer has decided not to proceed with our IPO, however the momentum in our business remains solid and our customer base continues to expand. Our investors and management team remain committed to the company and the well-defined strategy we have put in place to capitalize on the communication industry's shift from legacy networks to all-IP," said Frank Fawzi, President, CEO and Chairman of IntelePeer.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
IntelePeer, Inc. is a leading provider of on-demand, cloud-based communications services for enterprises and service providers. The patented IntelePeer CloudWorx software platform, leveraging the scale and reach of the Cloud, delivers multi-modal communications, including voice, video, unified communications, and other rich-media with high quality and reliability. IntelePeer enables customers to rapidly and cost-effectively transition from legacy telecommunications networks to IP-based communications, with little or no additional capital expenditures. As a result, IntelePeer customers can improve their return on investment on communications equipment and services. For more information visit: www.intelepeer.com.
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