Intermedia Intelligent Communications has announced the closing of its previously disclosed acquisition by 26North Partners LP from funds managed by Madison Dearborn Partners.

"Intermedia has built a highly attractive, fast-growing business around a model that aligns closely with both partners and customers," said Tyler Sipprelle, private equity partner, 26North. "The company combines a broad communications portfolio, deep partner relationships and a practical approach to AI innovation in a way that continues to differentiate it in the market."

With 26North’s backing, Intermedia plans to build on the momentum already underway across the company, with continued focus on AI innovation, partner enablement, vertical market capabilities, international expansion and strategic acquisition opportunities that complement the company’s platform and long-term growth strategy.

"This marks an exciting step forward for Intermedia," said Michael Gold, CEO, Intermedia. "We've built this company by staying focused on where the market is headed and investing in the technologies, integrations and capabilities businesses increasingly rely on to communicate and engage with customers. With 26North, we have the opportunity to further expand the platform, deepen our AI and vertical market initiatives, and help our partners deliver even greater value as customer needs continue to evolve."