NRTC Acquires Cloud Services Leader NeoNova Holdings

HERNDON, Va. and RALEIGH, N.C., July 1, 2013 /PRNewswire-USNewswire/ -- The National Rural Telecommunications Cooperative (NRTC) and NeoNova Holdings (NeoNova) today announced that NRTC has acquired 100% ownership of NeoNova; the price and terms of the transaction were not announced.  NeoNova will remain headquartered in Raleigh and will lead the operation, expansion and further development of ISP and related businesses for NeoNova and NRTC. 

All NeoNova and NRTC customers will continue to receive their current services with no interruption and there will be no changes to current platforms or billing relationships.  NeoNova's management team, led by Ray Carey, will remain and continue to deliver the outstanding value and service that is the hallmark of both NeoNova's and NRTC's service solutions.  Using the combined NRTC and NeoNova platforms, NeoNova expects to invest in an expanded set of residential, commercial, and enterprise services for rural and regional broadband providers, technology partners and small businesses.

Ray Carey, NeoNova's CEO said, "We believe that this transaction brings two great service businesses together and marries NeoNova's focused management with NRTC's long-standing relationships in the rural telephone and electric communities. Our entire team looks forward to working with NRTC's Alana Pilkington and all of our new partners at NRTC to continue to deliver first-class solutions to our collective customers."

Tim Bryan, NRTC's CEO, remarked, "Ray and Alana have each demonstrated a history of continued success with our member companies, and we are confident that combining their efforts will yield even better products and even higher customer satisfaction than today.  We are pleased to deploy our cooperative capital in a way that directly serves our members." 

NRTC and NeoNova provide a wide variety of ISP services, including email, hosting, network management, circuit management, help desk and support, and enterprise services.

About NRTC
The National Rural Telecommunications Cooperative (NRTC) represents the advanced telecommunications and information technology interests of more than 1,500 rural utilities and affiliates in 48 states (who collectively serve 20 million homes and 50 million residents).  Founded in 1986, NRTC provides products and services developed specifically to meet the needs of rural utilities and their customers, such as high-speed Internet access via satellite, full service Internet access and support, advanced metering infrastructure, wireless technologies, power quality products, long distance programs, mobile phone service, IP backbone services, and programming distribution rights for video providers. For more information, visit www.nrtc.coop.

About NeoNova Network Services
NeoNova empowers rural and regional broadband providers, technology partners and small businesses with 21st century cloud-based technologies. We help service providers and businesses grow by delivering a wide array of subscriber, network management, and professional services leveraged by a powerful service delivery platform and backed by the industry's top professionals. NeoNova also is an authorized premier reseller of the Google Apps™ suite of communication tools. Visit www.neonova.net, Facebook or Google+, and follow @NeoNova_NNS.

SOURCE The National Rural Telecommunications Cooperative (NRTC)