November 9, 2010 – Cbeyond Inc., a small-business IT and communications provider, announced plans to expand its cloud computing offerings by paying $40 million for two U.S. firms.

In separate transactions, Cbeyond, based in Atlanta, stated it would purchase MaximumASP, which provides cloud services like virtual and dedicated server management, and Aretta Communications, a company that provides private branch exchange and session Internet protocol in the cloud. Both companies are privately held and work with small-to-midsized businesses in the U.S.

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