Momentum Completes Acquisition of Premier Microsoft Teams Provider G12 Communications
Momentum, a global provider of managed services and next-gen managed network solutions, has acquired G12 Communications, a provider of voice-enabled and Operator Connect Microsoft Teams solutions.
The acquisition aims to enhance Momentum’s collaboration offerings and position in the market. The Rick Garcia, the co-founder and CRO of G12 Communications, who will join Momentum as EVP of Modern Workplace & UC.
The acquisition of G12 Communications by Momentum was announced in October. Todd Zittrouer, CEO of Momentum, stated: “We are thrilled to welcome G12 Communications to the Momentum family.”
“This acquisition aligns perfectly with our vision of enabling businesses to thrive by communicating and collaborating more effectively.
“Microsoft Teams has become a vital tool for the modern workplace, and by enhancing our capabilities with the expertise of the G12 team, we are helping our customers optimise their hybrid work environments.”
Sam Altman Reinstated as OpenAI CEO
Sam Altman, the co-founder and CEO of OpenAI, the AI research company behind ChatGPT, was fired by its board four days ago, but has now returned after reaching an agreement.
Greg Brockman, the former president of OpenAI, who was also removed from the board and his operational role, will also come back to the company.
Altman said he loves OpenAI and its mission, and that joining Microsoft was the best path for him and the team.
"I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together. When I decided to join Microsoft on Sunday evening, it was clear that was the best path for me and the team. With the new board and w Satya’s support, I’m looking forward to returning to OpenAI, and building on our strong partnership with Microsoft,”
A new OpenAI board has been formed, consisting of Bret Taylor, Larry Summers, and Adam D’Angelo. D’Angelo is a representative of the previous board.
Zoom Phone and AI Companion Reach New Highs
During its Q3 2024 earnings call, Zoom reported that Zoom Phone has seven million paid seats and Zoom AI Companion has over 220,000 accounts.
Yearoon-year revenue growth of 3.2% exceeded high-end guidance by $17M.
