I.C. Shah, founder of ICS Telecom, would not give financial terms of the deal but said it was finalized July 6 after four to six months of negotiations.
now becomes a wholly owned subsidiary of Frontrunner Networks.
"Once I was able to see the potential synergy between the two companies and when I met with the leadership involved, everything just made sense," he
Raj Shah, CEO of ICS Telecom and son of I.C. Shah, said ICS Telecom also will see the benefits as the company looks to grow two of its biggest segments.
While I.C. Shah
admits the deal seems like a great fit now, negotiations took six months in part because of the deep emotional attachment he
has for the company he
founded more than 35 years ago.
"I'm the first one to admit, having started the company in 1976, it felt like I was giving up my firstborn with this acquisition," Shah
"In fact, I sort of am giving up my firstborn, who will now be working for Williams Telecommunications
founded the company as ICS Executone shortly after the court-ordered breakup of AT&T Corp.
created a competitive U.S. telecom market where only a government-regulated monopoly had existed before.
was one of the first firms to sell phone systems to businesses locally.
grew the company to more than 90 employees and completed a buyout of distributors in Buffalo, Syracuse, Geneva and Binghamton.
Employment fell over the years to fewer than 40 in 2009 and to some 35 workers at the start of 2012.
retirement in 2009 and said he
has since served as an adviser to his
The elder Shah said he
is proud of the acquisition and the impact it will have.
"Frontrunner and ICS
over the years have been two very respected and well-known companies," he