Business VoIP phone system provider M5 Networks is announcing the acquisition a competitor, Geckotech. The acquisition price is $8 million.

Chicago-based Geckotech provides a Cisco-powered Hosted VoIP platform to businesses. The company’s services include phone service installation and training, system management and free maintenance, system and feature upgrades, and in-house customer support.

M5 Networks also offers VoIP phone systems to companies, including Amnesty International and Etsy. M5 will take over all of Geckotech’s staff, customers, and datacenters.

Crunchbase

• M5 NETWORKS

Company: M5 Networks

Website: m5.net

Launch Date: May 5, 2000

M5 Networks, a cloud communications for business company, provides phone systems, applications and an experience that businesses love. M5 has been providing cloud-based business phone solutions for more than eleven years and has over 2000 customers across North America, making it the country’s largest specialized VoIP provider.

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