Today, IT ExchangeNet announced the acquisition of Tidal Communications by Xobee Networks back by O2 Investment Partners. Tidal Communications is a business communications company specializing in traditional and cloud-based phone systems, network infrastructure, and call center solutions. IT ExchangeNet’s deep industry knowledge and unparalleled global network of buyers were instrumental in maximizing Tidal's value.
The Federal Reserve announced yesterday a 25-basis-point cut in interest rates, lowering the federal funds rate to a range of 4% to 4.25%, marking its first rate reduction this year amid signs of a softening labor market and persistent inflation concerns. For owners of IT and digital marketing firms, this move could be pivotal.
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