Speakeasy has decided to join with Covad Communications Company, a leading national provider of IP broadband services in North America and MegaPath Inc., a leading voice, data, security, managed service and VPN service provider.   This new entity combines Speakeasy’s expertise in smaller business communications, MegaPath’s wide selection of products and value-added services and, Covad’s robust network infrastructure.

This combined entity creates a new class of CLEC; a Managed Service Local Exchange Carrier (MSLEC). As a result, Covad’s nationwide broadband footprint will support Speakeasy and MegaPath’s voice and data application services. By combining companies, these voice, data, and value added services will be available anywhere the customers do business and to virtually every small, medium and large business served.

This merger is subject to the approval of the Federal Communications Commission and state public utility commissions in many of the states where Covad and MegaPath do business. Until the close of this merger, Speakeasy will continue to operate business-as-usual. This transaction is expected to close by the end of the third quarter of 2010.

Speakeasy President Bruce Chatterley said, “ We are dedicated to providing our partners with the highest-quality portfolio of voice, data services on the market, and this merger helps to strengthen that commitment. The resources of the new combined company will enable us to expand our service offerings and provide more choices and value for you and your customers.”

He continued, “I want to take this opportunity to thank you, the over 5000 IT consulting partners, for your continued support. Partners are an important part of both companies and will become even more critical to our combined company. With this merger, you will continue to receive all of the benefits of our existing partnership, plus enjoy the benefits of our expanded network and service offerings. We have some exciting plans for the future, and we look forward to working with you to bring them to market.”

Craig Young, current CEO of MegaPath, will be the executive chairman of new group of three in one.  Megapath was awarded among the Outstanding Service to the Channel in 2010 VAR500.  The name of the new company is “mum” at the moment. 

Should you have any additional questions, contact your Speakeasy Sales Consultant.

For more information, please read the press release posted on www.speakeasy.net/press.