Information technology (IT) solutions provider American Virtual Cloud Technologies, Inc. (AVCT) in Atlanta, Ga., focuses on offering a range of services, including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. The company’s subsidiary, Kandy Communications LLC, has been expanding its Public Switched Telephone Network (PSTN) replacement services internationally, bringing the total number of countries serviced by Kandy’s voice network to 40. Furthermore, Kandy offers Inbound DID services in 87 countries and Toll-free services in 105 countries.
In January, AVCT announced its agreement to sell its Computex Technology Group business to Calian Group Ltd., with the goal of transitioning to a pure-play cloud communications and collaboration company, focusing primarily on the Kandy platform. The company closed the sale of the group this month. Also, in February AVCT entered a securities purchase agreement to sell equity securities to an institutional investor. The company intends to use the proceeds from the security sale and the divestiture of its Computex business to retire outstanding debt.
