Intermedia completes acquisition of Telanetix

BELLEVUE, USA: Telanetix Inc., a leading provider of cloud-based communications solutions, announced the completion of its acquisition by Intermedia, a global leader in business cloud services, and the world's largest third-party Microsoft Exchange hosting provider.

Pursuant to the terms of the Merger Agreement between Intermedia and Telanetix, dated as of January 18, 2013, upon the closing of the acquisition of Telanetix, each share of Telanetix common stock was converted into the right to receive $7.284 per share in cash, without interest.

Telanetix stockholders of record as of the effective time of the merger will be sent a letter of transmittal with detailed written instructions for exchanging their physical Telanetix stock certificates for the merger consideration. Telanetix stockholders whose shares were held in "street name" by a brokerage firm, bank, trust, or other nominees as of the effective time of the merger should contact their brokerage firm, bank, trust or other nominees who will handle the exchange of their shares for the merger consideration.