SOURCE: BroadSource, Inc.

BroadSource, Inc.

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January 11, 2011 10:00 ET

BroadSource Merges With Integrated Mobile

Two Leaders in Telecom Expense Management Join Forces to Build Exceptional Offering

ATLANTA, GA--(Marketwire - January 11, 2011) -  Atlanta-based BroadSource, Inc. (www.broadsource.com) and Columbus, Ohio-based Integrated Mobile (IMI) (www.integratedmobile.com) announced today that the two companies will merge. The merger combines the technology, services, and operations of two leaders in the telecom expense management industry which will create a more dominant competitor that is well positioned to provide a full suite of wireless and wireline solutions for mid to large enterprises. 

The transaction is a "merger of equals". The new company will be headquartered in Atlanta, Georgia, and will continue to maintain offices and operations in Ohio. The new organization will be led by CEO, Michael Lustig, who has been an advisor to the BroadSource board since early 2010. Lustig is deeply experienced in running technology-enabled business service companies and was most recently CEO for Apex Analytix for the past six years. 

"As a result of the merger, we now have a more comprehensive wireless and wireline offering for a wider range of businesses," explains Lustig. The combined companies will have more than 100 customers and will be profitable immediately -- creating a stable platform for solid growth. "We are transforming into a more deeply equipped organization that can better serve our customers' growing needs going forward." 

Each merging company will retain its name for the time being while the details of the transaction are completed. Former BroadSource CEO, Steven Neel will remain with the company to focus on operations to ensure a smooth transition. 

About Integrated Mobile, Inc. (IMI)
Integrated Mobile (IMI) is the leading provider of managed mobility services with customers representing more than 25% of the Fortune 1000. IMI offers a full suite of managed mobility solutions and services that deliver end-to-end management of the enterprise's entire wireless lifecycle. IMI's solutions reduce the total cost of wireless ownership by 20-40%, provide a single point of contact for all wireless services across multiple carriers, and simplify the management of wireless devices and services. www.integratedmobile.com.

About BroadSource, Inc.
BroadSource is known as the expert in telecom expense management technology and services, exclusively for companies with telecom expenses under $20 million annually. Headquartered in Atlanta, GA, and founded in 2001, BroadSource provides technology and services to reduce the costs and complexities of managing wireline and wireless communication services across multiple locations and divisions of companies nationwide. www.broadsource.com.

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