Strategic Acquisition Enhances Bluewave’s Market Presence and Client Advocacy in the Region

Parsippany, N.J., May 29th, 2024 – Bluewave Technology Group (“Bluewave”), a leading technology advisory and sourcing company focused on strategic growth, is pleased to announce its acquisition of ForesTel, a respected telecommunications advisory firm based in West Linn, Oregon. The financial details of the transaction remain confidential. This acquisition marks Bluewave’s first entry into the Pacific Northwest, expanding its market presence.

Founded in 1989, ForesTel began as a reseller of long distance, frame relay, and DIA circuits. In 2003, the company transitioned to an agent model, providing impartial telecom solutions to clients throughout the greater Portland area. Today, with a strong client base of over 700 active customers, ForesTel is recognized as a leading technology advisory firm in the region. Under the leadership of Dennis Allen, President and Owner, ForesTel has consistently demonstrated an unwavering commitment to exceptional customer service, ensuring seamless business operations for its clients.

“With 35 years of strategic advisory expertise and a strong reputation in the Portland area for client care, ForesTel not only extends our reach in the U.S. but also enhances our dedication to client advocacy,” said Seth Penland, Founder and CEO of Bluewave. He expressed his enthusiasm for this strategic move and the value it brings to Bluewave’s offerings.

Dennis Allen, President and Owner of ForesTel, emphasized the significance of embracing technological advancements. “For the past 35 years, ForesTel has driven sustained growth by prioritizing customer experience and fostering an environment where exceptional interactions are the norm. We are thrilled to join forces with Bluewave, enhancing our customer experience by providing our clients with more technology resources and supplier advocacy.”

This acquisition reinforces Bluewave’s commitment to excellence and positions the company for future growth and enhanced service delivery.

About Bluewave Technology Group

Bluewave is an advisory and sourcing partner transforming how companies acquire and manage technology solutions. Our team of technology experts and analysts, leveraging our proven approach, guides businesses of all sizes to make well-informed technology decisions. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, colocation, network, mobility, security, and CX providers to develop the best solution while maximizing technology investments and ensuring long-term success.

About ForesTel

Founded in 1989, ForesTel is a leading telecommunications solutions provider. Evolving with the industry, we offer a comprehensive range of services, including Voice, Data, Cloud, Colo, and Security. We serve over 700 commercial clients across North America and internationally and focus on crafting tailored solutions to meet your needs. In a sector where customer service often falls short, ForesTel stands out by delivering accessible, personalized, and expert service. Our team brings over 100 years of combined experience in telecommunications, ensuring exceptional problem resolution and support.

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