M5 Networks Surpasses 50th Client in New York Area Financial Services Sector
Fredericks Michael & Co. and Berkery, Noyes & Co. Select M5’s Outsourced IP Phone System Over Premise-Based Solutions
New York – M5 Networks, the Northeast’s leading outsourced IP phone system provider, today announced important client wins in New York City’s financial services industry. This sector demands effective communications systems to enhance responsiveness to customer needs, increase profitability, and address new business challenges, such as increased competitive pressure and ever-changing regulatory requirements. M5 recently added Fredericks Michael & Co., an independent investment banking firm which provides financial advisory services on mergers, acquisitions, divestitures, strategic alliances and joint ventures, and Berkery, Noyes & Co., LLC, an independent investment bank serving the information, publishing and communications industries.
When Fredericks Michael outgrew its Wall Street location, the firm’s Managing Director, Michael Guthammar, selected M5’s Outsourced IP Phone System to replace its outdated, Toshiba key system that had reached its capacity. By switching to M5, Fredericks Michael received a phone system which has streamlined communication between the firm’s Manhattan and London offices, provides on-the-road service for traveling executives and will easily accommodate future expansion.
“The flexibility of M5’s outsourced IP phone system is very attractive for our growing company,” said Guthammar. “The scalable nature of this solution means that we never have to worry about outgrowing our phone system. Most importantly, this decision has enabled us to save time dealing with phone system equipment, changes and upgrades and to focus more on our core competency as an investment bank.”
Investment bank, Berkery Noyes, is in the business of providing high-quality service and personalized attention to it clients. As a client-focused organization, communication plays an important role in its success. Berkery’s Chief Information Officer, James Berkery, selected M5’s Outsourced IP Phone System to replace an outdated and unreliable premise-based phone system when the company moved offices last year.
“The phone is a vital part of our business and it’s a huge relief not having to worry about it since M5 proactively monitors and manages everything for us,” said Berkery. “M5’s service is very reliable and the advanced applications we now have access to enable us to meet clients’ needs at an even higher level than before.”
“We currently serve more than 50 clients in the financial industry and what they want more than anything else is a reliable, no-nonsense solution that delivers measurable ROI for their businesses,” says M5 Networks’ President and CEO, Dan Hoffman. “Through our experience and attention to detail, we’re able to provide a customized offer that meets these criteria perfectly.”
About Fredericks Michael & Co.
For two decades, Fredericks Michael has served as a financial advisor to large corporations, private and family-controlled businesses, and financial sponsors seeking to expand or consolidate their operations across Europe, the Americas and Asia. With offices in New York and London, our teams of seasoned, multinational professionals offer clients the critical local knowledge, cross-cultural understanding and industry relationships needed to carry out transactions in a time efficient, thorough and discreet manner. For more information, visit www.fm-co.com.
About Berkery, Noyes, & Co., LLC
Berkery, Noyes specializes in investment banking for the information, publishing and communications industries. Among the most recent transactions completed by Berkery, Noyes are the acquisition by The Wicks Group of DesignWrite, Inc., the acquisition by ProQuest Company (NYSE: PQE), of Voyager Expanded Learning, the acquisition by CMP/UBM of Cliggott Publishing and The Oncology Group, the acquisition by Discovery Communications of AIMS Multimedia, the acquisition by Hanley Wood, LLC of the Annual Trade Show of the National Roofing Contractors’ Association, the sale of the print-assets of Sheshunoff Information Services to Alex Information and Sheshunoff Insurance Solutions to Highline Data and Weaver Publications to Prospect Partners, LP. Berkery, Noyes’ clients range from private companies seeking a buyer, to most of the major international information companies and private equity firms who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of Thirty professionals serving the information and publishing industry from offices in New York. For more information, visit www.berkerynoyes.com.
About M5 Networks
M5 Networks is the leading outsourced IP phone system provider in the Northeast. Trustworthiness is at the heart of M5's philosophy and business model. By outsourcing to M5 instead of buying another phone system and signing more local and long distance contracts, businesses save valuable time and hard dollars. M5 was founded in 2000, and since inception has been entirely focused on delivering the most reliable business phone system service in the industry. M5's core technology partners include Cisco, Verizon, Sun, AboveNet, Internap, Sprint, Qwest, Broadwing Communications and Tekelec. M5 has received the Pulver 100 Award as a Communications Growth Company for three consecutive years (2002-2004), as well as Frost & Sullivan's 2004 Entrepreneurial Company Award and Internet Telephony Magazine's 2004 VoIP Service Provider Award. In addition, the strong demand for M5 services has enabled M5’s management team to run the business conservatively, regularly reinvesting profits and maintaining financial stability.
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