Norcast Telecom Networks

Norcast Telecom Networks delivers reliable communication solutions, specializing in high-speed fiber optic internet and hosted voice systems for both business and residential customers across California. Founded in 1999, Norcast Telecom Networks is based in San Luis Obispo, US. The company was acquired by Digital West Networks Inc. in March 2017, with support from Farragut Capital Partners, which provided a minority equity investment.

Specific financial terms regarding the acquisition were not disclosed. The firm has been involved in one notable deal. Norcast Telecom Networks, under the brand of Astound Business Solutions, offers a variety of communication services focused on high-speed fiber optic internet and hosted voice systems. Their services are designed to enhance internet speed and reliability for businesses and residents, particularly throughout California, including San Luis Obispo County.

They provide hosted voice services through a private network, delivering high-quality business telephone systems that offer flexible and scalable communication solutions tailored to meet distinct customer needs, aiming to support small to medium-sized enterprises and residential users in modernizing their communication infrastructure. Astound Business Solutions generates revenue primarily through subscription-based models for both business and residential services. Their offerings include fiber optic internet and hosted voice systems, typically contracted on a monthly basis. Business clients often engage in larger contracts that incorporate additional services such as dedicated internet access, while residential customers may select more basic internet packages.

This structure facilitates direct-to-consumer relationships where customers benefit from ongoing support and maintenance, contributing to customer retention and recurring revenue. Following the acquisition of Norcast Telecom Networks by Digital West Networks Inc. in March 2017, the company is focused on expanding its service offerings and market presence. The recent funding will be utilized to support the development of new products intended for launch, as well as to facilitate entry into new geographic markets.

Specific details regarding upcoming products and targeted regions for expansion have yet to be disclosed.