Managed services and business communications provider TelePacific Communications announced it has reached a deal to acquire managed services firm DSCI.

The combined company will derive nearly 50 percent of its revenue from managed services, Telepacific president and CEO Dick Jalkut told MSPmentor.

“We’re very excited about this transaction,” he said. “We’ve been looking to accelerate our growth rate into managed services.

“We’re very interested in growing even faster than we’ve been growing,” Jalkut said.

Terms were not disclosed.

By purchasing the Waltham, Mass.-based Telepacific officials are expecting better products, tools, and an improved platform and operation support system.

“And a team that has demonstrated entrepreneurship in the space,” Jalkut said.

The merger must still win regulatory approval from the Department of Justice and SEC, a process expected to take three to four months.

Los Angeles-based TelePacific provides comprehensive managed services and business communications for customers ranging from small businesses to enterprises.

DSCI provides mission-critical network services to more than 1,500 businesses in the Northeastern U.S., including enterprise-grade unified communications, managed IT and connectivity services.