Tuesday, March 27, 2007

Best Buy Acquires Speakeasy

Dear Speakeasy Partners,

Today is an historic and exciting day for Speakeasy.

I am pleased to announce that Speakeasy has been acquired by Best Buy, an innovative and growing Fortune 100 company and top consumer electronics retailer in North America. This is a significant milestone for our company as our new relationship will help us realize our goals of becoming the No. 1 provider of voice and data solutions to small businesses. It is important to note that though Speakeasy will now be a wholly owned subsidiary of Best Buy, we will continue to operate as a standalone, independent operating division with headquarters in Seattle.


If this turns out like the Geek Squad qcquisition, you can write off Speakeasy. Speakeasy has always been known for their technical competence. (Though the 6Mbps rut over the last 6 years has been worrisome - there's been no technology that could be deployed for higher speeds in that period?) On the other hand, I do wonder what the support of a larger organization might do for fighting the Incumbent Local Exchange Carriers.

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