SherWeb Acquires Pulsar360, Inc. - Expands Presence in the VoIP Market

Montreal – April 30, 2019

SherWeb, a global cloud services provider and winner of several Microsoft awards and industry recognitions, announced today it was joining forces with Pulsar360, Inc., a premier VoIP service company.

Company CEO Peter Cassar said the move would allow SherWeb to expand its presence in the booming market for Voice Over Internet Protocol (VoIP). "We've been interested in expanding our presence in this market for some time now," said Cassar. "The experience and know-how that Pulsar360, Inc. brings to the table is invaluable and completely aligned with our vision."

The move will scale SherWeb's presence in the market and it will allow Pulsar360, Inc. to leverage the resources of one of North America's leading cloud distributors.

Business as Usual

Under the terms of the transaction, which is effective today, Pulsar360, Inc. will remain an independent company. No changes will be made to the company name, staff, services and solutions or technical support.

The announcement coincides with the retirement this year of Pulsar360, Inc.'s President and CEO Michael Dozier and Executive Vice-President Gerald Smurlick, after 8 years at the helm of the company and more than four decades in the industry.

"It's business as usual," said former COO and new President Michael Williams. "The big difference is that Pulsar360, Inc. will now have access to a whole new set of resources and capabilities. This partnership will allow us to provide even better solutions and services to our partners and customers."

Founded in 2001, Pulsar360, Inc. is one of the oldest VoIP service companies in North America and an early proponent of cloud technology in the communications industry. The company currently provides services to over 1200 customers.

The acquisition by SherWeb comes at an ideal time. A recent report by Zion Market Research has predicted that the global market for VoIP services is expected to reach $140 billion by 2021.

Blue Beacon Capital served as the exclusive financial advisor to SherWeb throughout this transaction.

About Pulsar360, Inc.

Pulsar 360 is a Unified Communications as a Service (UCaaS) provider, offering comprehensive voice, data, and cloud-based solutions. Pulsar360, Inc. has one of the lowest attrition rates in the industry and has received numerous awards and recognition, having been recognized as one of the 30 Fabulous Companies of the Year 2018; Number 20 of the 150 Fastest Growing companies in the telecom sector; Product of the Year Award in 2017, 2018, & 2019; one of the top 10 UCaaS providers in the United States; and the Hosted VoIP Award of Excellence in 2016 & 2017.

For more information, contact us at 1-855-578-5727.

About SherWeb

SherWeb is a leading cloud distributor that helps its resellers be more successful by offering a unique platform and wide range of cloud services. Managed Service Providers use SherWeb's platform to select, provision and manage cloud solutions for their clients. They can also take advantage of SherWeb's award-winning technical support. Our automation, billing, integrations and marketing programs help our partners work more efficiently. SherWeb currently has more than 5,000 partners and over 50,000 customers in about 100 countries.

For more information, visit: www.sherweb.com/partners

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