YEARLY ARCHIVES
  • Skyview Capital sells Syncplicity to Axway

    LOS ANGELES, CA – February 24, 2017 – Skyview Capital today announced that it has completed the sale of Syncplicity, a leading enterprise file sync and share (EFSS) solution that provides users with the experience and tools they need for secure collaboration, to Axway (Euronext: AXW.PA). Skyview Capital acquired Syncplicity from EMC Corporation in 2015.

    Under Skyview Capital’s ownership, Syncplicity has emerged as the leader of the hybrid enterprise file sync and share (EFSS) market.  In 2016 the company successfully secured and deployed a number of key large accounts highlighted by the largest EFSS deployment in the world with Siemens AG for 350,000 employees. Syncplicity’s solutions are deployed in a wide range of industries including retail, manufacturing, financial services, higher education, and health sciences.  In 2016, Syncplicity was positioned as a leader in the Forrester Wave™: Enterprise File Sync And Share Platforms, Hybrid Solutions, Q2 2016.  Syncplicity is also positioned as a visionary in the Magic Quadrant for Enterprise File Synchronization and Sharing. Syncplicity was ranked number 1 for IT Modernization by the Gartner EFSS critical capabilities report.

    “We are exceptionally proud to have partnered with Syncplicity during a time when the entire organization delivered remarkable operational, technological, and financial results,” said Alex Soltani, Chairman of both Syncplicity and Skyview Capital. “Part of our underlying thesis in acquiring Syncplicity was its unique and market differentiating, hybrid cloud approach which has proven to be instrumental to global enterprises in their digital transformation efforts. Axway and Syncplicity present a highly complementary fit which will only further enhance value to customers, and we remain confident in Syncplicity’s continued growth strategy and unique position in the market. Finally, this initial investment and current exit represents yet another strong return for Skyview Capital, further solidifying our consistent ability to significantly increase value in the companies which we acquire.”

    Union Square Advisors served as the exclusive financial advisor to Skyview Capital in this transaction.

    About Skyview Capital, LLC

    Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com.

    About Syncplicity
    Syncplicity is the leading hybrid enterprise file sync and share and mobile collaboration solution that provides users with the experience and tools they desire and gives IT the security and control it needs, while significantly reducing infrastructure cost. Some of its customers include Siemens AG, Texas A&M University, EMC Corporation, State of Indiana, the Associated Press and the Boston Red Sox. Visit www.syncplicity.com.

    About Axway

    Axway (Euronext: AXW.PA) is a catalyst for transformation. With Axway AMPLIFY™, our cloud-enabled data integration and engagement platform, leading brands better anticipate, adapt and scale to meet ever changing customer expectations. Our unified, API-first approach connects data from anywhere, fuels millions of apps and delivers real-time analytics to build customer experience networks. From idea to execution, we help make the future possible for more than 11,000 organizations in 100 countries. To learn more about Axway, visit www.axway.com.

    Press Contact

    Matt Oehlmann

    Moehlmann@skyviewcapital.com

    (310) 273-6000

  • Axway announces the acquisition of Syncplicity

    Leader in secure collaboration and file sharing to join Axway in advancing the digital workplace without borders

    PARIS – February 22, 2017 – Axway (Euronext: AXW.PA), a catalyst for transformation, today announced the all-cash acquisition of Syncplicity, a leading enterprise file sync and share (EFSS) solution that provides users with the experience and tools they need for secure collaboration. With the acquisition of Syncplicity, Axway will be able to further enhance the Axway AMPLIFY™ platform to transform the way modern enterprises collaborate and innovate across digital ecosystems and further heighten engagement with customers, employees and partners

    Syncplicity, located in the heart of Silicon Valley, was founded in 2007 and was owned by global investment firm Skyview Capital. More than 25,000 businesses and individuals across a wide variety of verticals rely on Syncplicity’s enterprise-grade file sync and share solutions to get more business value from their data within applications, databases or files, whether stored on-premise or in private or public clouds.

    “As businesses continue to collaborate using cloud-based tools, it’s imperative that file exchanges and synchronization between individuals is a secure and seamless experience,” said Jean-Marc Lazzari, CEO at Axway. “Together, Axway and Syncplicity will create a one stop shop for digital shared services.”

    “Syncplicity’s EFSS expertise and product excellence will complement Axway MFT solutions perfectly by encouraging and supporting greater collaboration among employees, partners and customers,” said Jonathan Huberman, CEO at Syncplicity. “The Syncplicity team is proud to join Axway to create the best possible outcomes for our customers.”

    The details of the transaction are not made public.

    To learn more about the acquisition and what it means for your business, click here.
    Follow @Axway for additional information.

    About Axway
    Axway (Euronext: AXW.PA) is a catalyst for transformation. With Axway AMPLIFY™, our cloud-enabled data integration and engagement platform, leading brands better anticipate, adapt and scale to meet ever changing customer expectations. Our unified, API-first approach connects data from anywhere, fuels millions of apps and delivers real-time analytics to build customer experience networks. From idea to execution, we help make the future possible for more than 11,000 organizations in 100 countries. To learn more about Axway, visit www.axway.com.

    About Syncplicity 
    Syncplicity is a leader in secure file sharing and collaboration solution. Over 25,000 businesses and individuals rely on us to deliver secure solutions with exceptional performance. We are proud to employ Silicon Valley’s best talent—people who are dedicated to, and even a bit obsessed with, redefining file sharing and revolutionizing the way we work. By leveraging our resources and inspiring our employees, we will continue to reinvent enterprise file sharing and collaboration through rapid product release and innovative design. To learn more about Syncplicity, visit www.syncplicity.com.

    About Skyview Capital, LLC
    Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com

    Press Contacts
    Sylvie Podetti
    Financial Communications,  Axway
    spodetti@axway.com
    +33 (0)1 47 17 22 40
    Patrick Gouffran
    Investor Relations, Axway
    pgouffran@axway.com
    +33 (0)1 40 67 29 26

  • Skyview Capital’s NewNet Communication Technologies to sell its RCS Business to Samsung

    SEOUL, Korea & MISSISSAUGA, Ontario – November 15, 2016 – Samsung Electronics Co., Ltd. (“Samsung”) today announced its acquisition of NewNet Communication Technologies’ RCS Business (now being operated as “NewPace”) a leading provider of Rich Communication Services (RCS) infrastructure and services. NewNet Communication Technologies, BV is a portfolio company of global private investment firm Skyview Capital. The acquisition reinforces Samsung’s commitment to RCS as mobile networks transition to all IP-based networks and services.

    Founded in 2009 as NewPace Technology Development Inc., the RCS Business provides Software Development, Systems Operations, and Applications support to a world-wide base of customers. Having developed large-scale VoIP offerings and implemented global Instant Messaging products, the NewPace team has substantial experience in telecommunications development and operations, and services a wide variety of global clients with tenured expertise in delivering robust, high availability and scalable telecom solutions.

    “We have enjoyed working with the RCS team during a time of significant transition within the industry,” said Alex Soltani, Chairman and CEO of Skyview Capital. “This transaction is a testament to our investment thesis of identifying best in class technologies and transforming them into highly strategic platforms within the markets they serve.  We hope for continued success under Samsung’s ownership.”

    About Skyview Capital

    Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com.

    About Samsung Electronics Co., Ltd.

    Samsung inspires the world and shapes the future with transformative ideas and technologies. The Company is redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, medical equipment, network systems, and semiconductor and LED solutions. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

    About NewNet Communication Technologies, BV

    NewNet Communication Technologies, BV provides next generation mobile technology solutions. The company offers mobile messaging, secure transaction processing, interactive voice response, real time charging and rating, and broadband wireless and network optimization solutions. Additionally, it provides product and custom application development, installation, training, and network engineering and management services. NewNet Communication Technologies BV is a wholly owned portfolio company of Skyview Capital. Visit www.newnet.com.

    For additional information, please contact Shrikar Kasturi at (214) 797-8623 or via email at skasturi@skyviewcapital.com.

  • Skyview Acquires Digital Fuel from VMware, Inc.

    LOS ANGELES, September 12, 2016 – Skyview Capital (“Skyview”), a global private investment firm, announced that it has acquired the VMware vRealize® Business™ Enterprise (formerly known as Digital Fuel IT Financial Management) and IT Benchmarking (formerly known as iTHC) business from VMware. Skyview has formed a new company under the name Digital Fuel SV, LLC (“Digital Fuel”).  VMware has invested in Digital Fuel and will continue to provide on-going support and services for mutual customers through a transition period.

    Digital Fuel is a leader in the rapidly growing IT Financial Management (ITFM) sector, which provides software tools that help CIOs, IT Managers, and Finance Managers oversee IT spending and budgets.  ITFM provides IT leaders with tools to manage their costs and services while also demonstrating the value provided by the IT function.

    Following VMware’s acquisition of the business five years ago, Digital Fuel has emerged as an industry leader in the ITFM sector, selling to blue-chip enterprise customers across multiple end markets including Financial Services, Government, Education, and Healthcare. The business has helped customers optimize their IT spend and realize significant cost savings, while being more responsive to internal customer needs.

    “The ability to understand IT costs and risks has become a top priority for senior executives around the globe, and Digital Fuel is well positioned to address their needs. With VMware’s continued minority interest and our operationally hands-on leadership approach, we expect to drive meaningful value for our customers, partners, and employees globally. We look forward to making near-term strategic acquisitions to expand Digital Fuel’s product and service offerings, while enhancing its value proposition in the industry,” said Alex Soltani, Chairman and CEO of Skyview.

    “With our increased focus on customer adoption of the private cloud and extending our support for multi-cloud environments, it was key to identify the right home for our IT Financial Management product lines and team,” said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit of VMware. “We expect Skyview Capital will accelerate the innovation and investment in the vRealize Business Enterprise and IT benchmarking solutions to the benefit of our mutual customers. During the transition, we will work with Digital Fuel to provide customers with on-going support and services.”

    Terms were not disclosed, but VMware does not expect this transaction to have a material impact on VMware’s financial statements.

    About Skyview Capital, LLC
    Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com.

    About Digital Fuel
    Digital Fuel is an IT financial management (ITFM) tool that provides transparency and control over the costs of cloud environments and quality of IT services. Its suite of products allow businesses to optimize costs and sourcing across internal virtual infrastructure/private cloud and public cloud.  Infrastructure teams use Digital Fuel to understand the costs of supplying private and public cloud environments, while CIOs and IT executives can understand the costs of supplying IT services.

    For additional information, please contact Matt Oehlmann at (310) 273-6000 or via email at moehlmann@skyviewcapital.com

    VMware, vRealize, and vRealize Business are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions.

  • Skyview Capital Acquires VMware’s vRealize Business Enterprise and IT Benchmarking Solutions

    LOS ANGELES, September 12, 2016 – Skyview Capital, a global private investment firm, today announced that it has acquired the VMware vRealize® Business™  Enterprise (formerly known as Digital Fuel IT Financial Management) and IT Benchmarking (formerly known as iTHC) business including customer relationships, core employees responsible for the products and the associated intellectual property (IP) of the products from VMware. Terms were not disclosed, but VMware does not expect this transaction to have a material impact on VMware’s financial statements.

    VMware vRealize Business Enterprise and IT benchmarking solutions provide transparency and control over costs and quality of IT services. Skyview Capital has formed a new company—Digital Fuel SV, LLC—around the acquired products and team, and will invest in this entity to accelerate the growth, innovation, adoption and support of these solutions. VMware has an equity investment in Digital Fuel SV LLC and will work with the company to provide ongoing support and services for the customers through the transition. VMware retains vRealize Business for Cloud, a separate product line developed in-house and introduced in October 2014.

    vRealize Business Enterprise and IT Benchmarking are leading solutions in the rapidly growing, billion dollar IT Financial Management (ITFM) sector, that provides software tools that help CIOs, IT Managers and Finance Managers that manage IT spending and budgets.  ITFM provides IT leaders with tools to manage their costs and services while also demonstrating the value provided by the IT function.

    Following VMware’s acquisition of Digital Fuel five years ago, VMware emerged as a leader in the ITFM sector, selling to customers across multiple verticals including Financial Services, Government, Education and Healthcare.  vRealize Business Enterprise and IT Benchmarking solutions have helped customers optimize their IT spend and realize significant cost savings, while being more responsive to internal customer needs.

    “The ability to understand IT costs and risks has become a top priority for senior executives around the globe, and Digital Fuel is well positioned to address their needs. With VMware’s continued minority interest and our operationally hands-on leadership approach, we expect to drive meaningful value for our customers, partners, and employees globally. We look forward to making near-term strategic acquisitions to expand Digital Fuel’s product and service offerings, while enhancing its value proposition in the industry,” said Alex Soltani, Chairman and CEO of Skyview Capital.

    “With our increased focus on customer adoption of the private cloud and extending our support for multi-cloud environments, it was key to identify the right home for our IT Financial Management product lines and team,” said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit, VMware. “We expect Skyview Capital will accelerate the innovation and investment in the vRealize Business Enterprise and IT benchmarking solutions to the benefit of our mutual customers. During the transition, we will work with Digital Fuel to provide customers with on-going support and services.”

    About Skyview Capital, LLC
    Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com.

    Contact:
    Shrikar Kasturi
    Sr. VP – Mergers & Acquisitions
    Skyview Capital, LLC
    (214) 797 8623
    skasturi@skyviewcapital.com

     

    VMware, vRealize, and vRealize Business are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions.

  • xG Technology Completes Purchase of Integrated Microwave Technologies, LLC

    Strategic Accretive Acquisition Enables xG to Realize Immediate and Long-Term Financial,Operational and Technological Benefits 

    Sarasota, Florida—February 1, 2015— xG Technology, Inc. (“xG”) (Nasdaq: XGTIXGTIW), a leader in providing critical wireless communications for use in challenging operating environments, announced today that it has completed its acquisition of assets of Integrated Microwave Technologies, LLC (“IMT”) originally announced on Jan. 19, 2016. The acquisition was completed using debt financing from the seller and will require payoff over the next eighteen months.

    The acquisition of the IMT assets is expected to deliver significant benefits to xG in a number of areas. By aligning its operations and technology platforms with those of IMT, xG will be able to expand more deeply into markets it is currently active in, while opening growth possibilities in new sectors. xG gains immediate access to the IMT product line, which opens new cross-selling opportunities to xG’s existing customer base, and enriches its competitive offerings. Likewise, IMT can now fill the demonstrated need among its own customers for the kind of secure, rapidly-deployable mobile broadband solution that xMax is uniquely suited to fill.

    Finally, IMT’s manufacturing expertise is expected to drive additional operational, production and other cost efficiencies at xG. This and other aspects of the transaction will serve to yield compelling financial benefits to xG and prepare it realize even more growth.

    George Schmitt, CEO and Board Chairman of xG Technology, said, “We welcome the IMT family to be part of xG Technology and are delighted with the synergies that we see between the two companies. We expect these synergies to result in substantial reductions in, and avoidance of, costs that will total approximately $2MM per year. We would also like to thank Skyview Capital, the seller of IMT, for extending us this opportunity and for their assistance in helping ensure a timely closing of the acquisition.”

    Roger Branton, CFO of xG Technology, said, “This acquisition is expected to be cash flow positive from day one and accretive to the combined companies. xG and IMT each have distinctive strengths that will be even more pronounced by integrating our operations. In addition to broadening our capabilities to execute more effectively, this acquisition will make xG well-positioned from a financial standpoint to embark on its next phase of growth.”

    John Payne IV, newly-appointed President of the IMT Division of xG Technology, and a corporate officer of xG, said, “We at IMT are delighted to become a major part of xG Technology and look forward to working together to develop joint sales strategies and to take advantage of the synergies available to the combined entities.”

    Read original article here: http://www.xgtechnology.com/xg-technology-completes-purchase-of-integrated-microwave-technologies-llc/

    About xG Technology, Inc.

    Founded in 2002, xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company is the developer of xMax, a patented all-IP cognitive radio network system that enables secure, robust mobile broadband communications for private, consumer and government networks. xMax can solve the crisis facing the wireless industry caused by data-hungry devices and applications that are straining network capacity. It eliminates the need to acquire scarce and expensive licensed spectrum, thus lowering the total cost of ownership for wireless broadband access.

    The xMax system delivers always-available voice, video and data services to both fixed and mobile users, and is interoperable with existing cellular and dedicated networks without being dependent on them. xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including emergency response and public safety, military, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure.

    Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. For more information, please visit www.xgtechnology.com.

    About Integrated Microwave Technologies, LLC

    Integrated Microwave Technologies (IMT) is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets. The company comprises the leading microwave brands Nucomm, RF Central and IMT, offering customers worldwide complete video solutions. Nucomm is a premium brand of digital broadcast microwave video systems. RF Central is an innovative brand of compact microwave video equipment for licensed and license-free sports and entertainment applications. IMT is a trusted provider of mission-critical wireless video solutions to state, local and federal police departments. More information can be found at www.imt-solutions.com.

    Cautionary Statement Regarding Forward Looking Statements

    Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties.  These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

    For More Information:

    Media Relations
    Daniel Carpini
    xG Technology
    daniel.carpini@xgtechnology.com
    (941) 953-9035

    Investor and Analyst Relations
    James Woodyatt
    xG Technology
    james.woodyatt@xgtechnology.com
    (954) 572-0395

    Jody Burfening/Carolyn Capaccio
    LHA
    ccapaccio@lhai.com
    (212) 838-3777

  • EMC’s Syncplicity Business to be Acquired by Skyview Capital; EMC Will Remain a Financial Stakeholder

    Syncplicity to Accelerate Investment in Growth, Innovation and Enterprise Market Adoption

    LOS ANGELES, July 7, 2015 – Skyview Capital, a global private investment firm, today announced that it has entered into a definitive agreement to acquire the Syncplicity® enterprise file sync and share business from EMC. EMC will retain a financial interest in Syncplicity.

    Syncplicity is a leading, enterprise-grade online file sharing and mobile collaboration solution that provides users with experience and tools they desire and gives IT the security and control it needs. Unlike other solutions that force users to store all information in the cloud, Syncplicity gives organizations unmatched flexibility through its hybrid approach. With Syncplicity, IT departments can create rules based on user, group or folder policy to determine whether files should be stored in the cloud or in an on-premise storage array.

    Following its acquisition three years ago by EMC, Syncplicity has emerged as a growing standard for companies in a wide variety of industries such as technology, health care, financial services, education, law and engineering services. In addition to broad customer adoption, Syncplicity has been named a leader in both “The Forrester Wave: File Sync and Share Platforms, Q3 2013” and Gartner’s 2014 Magic Quadrant for Enterprise File Synchronization and Sharing.

    “Syncplicity’s best of breed, flexible hybrid solution coupled with its tremendous growth under EMC, made this investment decision an easy one for us. Under our ownership, Syncplicity will maintain its leadership position in this market through the rapid development of new capabilities and continued enhancement of end user experience. We are excited about EMC’s continued commitment to Syncplicity’s growth, and welcome Syncplicity’s employees and customers to the Skyview family,” said Alex Soltani, Chairman and CEO of Skyview Capital.

    “Syncplicity has redefined the expectations of file sync and sharing in the enterprise, changing it from an unauthorized rogue application that employees use without IT approval to one that is blessed by IT, easily integrates with a company’s existing investments in email, storage and collaboration solutions and delivers a great user experience,” said Jonathan Huberman, the CEO of Syncplicity upon closing of the acquisition. “By focusing exclusively on and investing heavily in this rapidly growing market, Syncplicity has an enormous opportunity to significantly accelerate product innovation, attract a broad ecosystem of partners and resellers and drive customer adoption.”

    “Syncplicity experienced great momentum as an EMC business in a highly dynamic and hyper-competitive landscape,” added Jeremy Burton, President of Products and Marketing, EMC Information Infrastructure. “However, the standalone EFSS market is evolving rapidly; customers are continually looking for new end-user features and functionality to enable their increasingly mobile workforce. This is a step away from EMC’s core infrastructure strength. This move is designed to ensure that Syncplicity is adequately positioned for success in the evolving EFSS market and to enable EMC to increase our focus on core EMC Information Infrastructure investments. EMC remains a financial stakeholder and committed to Syncplicity’s growth. The EMC salesforce will continue selling Syncplicity as part of the EMC Select partner program and EMC will remain a large-scale Syncplicity customer.”

    The transaction is subject to customary closing conditions and is expected to close this month. Specific terms of the transaction are confidential.

    About Skyview Capital, LLC

    Skyview Capital, LLC is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the top 25 private equity firms in Los Angeles. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.

    See Original Post

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  • NewNet Communication Technologies (A Skyview Capital Company) Acquires Volt Delta Resources

    Thursday, December 4, 2014

    ARLINGTON HEIGHTS, IL, 24-7PressRelease — Global network services provider NewNet Communication Technologies, a Skyview Capital company, announced it has signed an agreement to acquire Volt Delta Resources, LLC. (VoltDelta), a global cloud-based contact center provider and a wholly-owned subsidiary of Volt Information Sciences (OTC:VISI).

    VoltDelta provides cloud-based contact center services and voice self-service applications to organizations around the world. Headquartered in New York with global operations and data centers in North America, the United Kingdom, and Germany, VoltDelta is a market leader in SMS and call handling.

    “The acquisition of the VoltDelta represents a significant milestone in the evolution of NewNet’s product portfolio and market focus. The combination of these two businesses provides significant scale to NewNet and allows us to expand our telecom services to additional geographies and customer groups. We look forward to growing the ONDemand, Cloud-based services and the LSSI Big Data services,” said Alex Soltani, Chairman and CEO of Skyview Capital.

    The share purchase agreement was signed and the transaction simultaneously closed on December 1, 2014. Terms of the agreement were not disclosed by Skyview Capital.

    Read Full Article on www.24-7PressRelease.com

    About Skyview Capital, LLC
    Skyview Capital, LLC, is a global private investment firm headquartered in Century City, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the Top 25 private equity firms in Los Angeles. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

    About NewNet Communication Technologies
    NewNet Communication Technologies is a leading global provider of next generation mobile technology solutions. NewNet enables global operators and equipment manufacturers to rapidly develop and deploy revenue-generating solutions to optimize global communications. NewNet specializes in Mobile Messaging, Secure Transaction Processing, Interactive Voice Response (IVR), Real Time Charging & Rating, and Broadband Wireless solutions reaching millions of end users in over 90 countries. NewNet is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com

    About Volt Delta Resources
    VoltDelta is a global cloud-based contact center provider with 35 years of experience. We perform intelligent, data-driven contact management to optimize your customer’s journey. VoltDelta rapidly tailors and integrates our multi-channel contact center solutions to enable you to increase revenue, boost retention and reduce operating costs with proven scalability and reliability. For more information, please visit: www.voltdelta.com

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  • Skyview Capital Acquires Integrated Microwave Technologies from the Vitec Group, plc

    Monday, November 10, 2014

    LOS ANGELES, 24-7PressRelease — Skyview Capital LLC announced today that it has signed an agreement to acquire Integrated Microwave Technologies (“IMT”) from the Vitec Group, plc (VTC).

    IMT is a leader in advanced digital microwave video systems serving the Military & Government, Broadcast and Sports Entertainment markets. Headquartered in Mt. Olive, NJ IMT serves customers globally through its “IMT”, “Nucomm” and “RF Central” brands.

    “The acquisition of IMT allows Skyview to enter an exciting new communications industry segment. We are impressed by IMT’s strong legacy of serving blue-chip customers in the broadcast and government sectors, dating back to 1991. We are planning to help the management team’s growth of the business through tuck-in acquisitions and offering their products to new and existing customers,” said Alex Soltani, Chairman and CEO of Skyview Capital.

    The asset purchase agreement was signed November 3, 2014 with a simultaneous closing. Terms of the agreement were not disclosed.

    Media Contact: Skyview Capital LLC
    Jeff White, VP Business Development
    310-273-6070

    Read Full Article on www.24-7PressRelease.com

    About Skyview Capital, LLC
    Skyview Capital, LLC, is a global private investment firm headquartered in Century City, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the Top 25 private equity firms in Los Angeles. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

    About IMT
    Integrated Microwave Technologies (IMT) is a leader in advanced digital microwave video systems serving the Government, Broadcast and Sports & Entertainment markets. IMT comprises Four brands: IMT, Nucomm, RF Central and Microwave Service Company, and has recently moved into a refurbished engineering and manufacturing facility located at the International Trade Center in Mt. Olive, NJ. Please see www.imt-solutions.com for more information.

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  • Skyview Capital Acquires NewPace Through its Portfolio Company NewNet Communication Technologies

    Monday, June 09, 2014

    NewNet Communication Technologies, B.V., a Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in mobile messaging, announced today the acquisition of NewPace Technology Development Inc.

    NewPace develops mobile and wireline telecom software solutions for global carriers. NewPace’s services include professional services to telcos and development of RCS Messaging software solutions. The acquisition of the NewPace business represents a significant milestone in the evolution of NewNet’s product portfolio and market focus. The NewPace products will be a key addition to the Mobile Messaging technologies, expanding NewNet’s development initiatives. NewPace serves a range of global telecom carriers and handset manufacturers and has 28 staff based in Halifax, Canada.

    NewPace’s rcsConnect family of solutions has been powering global Rich Communication Service clients for more than three years. rcsConnect is a complete suite of GSMA 5.1 compliant services, accredited by the GSMA, including: VoIP and Video calling,Presence, Instant Messaging, Group Chat, File Transfer, Store and Forward functionality, Central Message Store, Configuration Server, Inter-operator routing and Network API solutions for mobile operators. RCS solutions can help mobile carriers offer services similar to WhatsApp!, Line, and Viber.

    NewNet’s Messaging Unit President, Krishna Viswanadham, said: “Our acquisition of NewPace will enable NewNet to provide enhanced messaging solutions. This will complement our current Krypton, Lithium, Mercury, and Cobalt SMS and MMS product lines. We have been working with the NewPace team since mid-2013 and see great traction for our combined product suite.”

    “NewPace believes that NewNet is best positioned to capture the growing RCS market by merging our technologies, staff and services.” said Brent Newsome, the President and CEO of NewPace.

    Gavin Murphy, NewPace VP and CTO, said “Our products solve an important pain-point for mobile carriers. Working with the NewNet and Skyview team, we see numerous opportunities for revenue growth and technology development.”

    “The NewPace acquisition highlights yet another milestone in NewNet’s rapid and continued development. NewPace’s suite of products and services combined with NewNet’s existing portfolio of messaging, signaling, and secure transaction applications will enable NewNet to offer our global customers an even broader range of next-gen communication solutions. Furthermore, a key initiative for us moving forward will be to utilize our telecom and messaging experience to expand organically and inorganically into new advanced communications solutions including Voice over LTE (VoLTE)” said Alex Soltani, Chairman and CEO of Skyview Capital.

    The share purchase agreement was signed June 5, 2014 with a simultaneous close. Terms of the agreement were not disclosed.

    About Skyview Capital, LLC
    Skyview Capital, LLC, is a global private investment firm headquartered in Century City, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the Top 25 private equity firms in Los Angeles. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

    About NewNet Communication Technologies
    Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com

    About NewPace
    Founded in 2009, NewPace Technology Development provides Software Development, Systems Operations, and Applications support to a world-wide base of customers. Having developed large-scale VoIP offerings and implemented global Instant Messaging products, the NewPace team has substantial experience in telecommunications development and operations. The organization services a wide variety of global clients with tenured expertise in delivering robust, high availability and scalable telecom solutions. NewPace’s messaging products are fully compatible with LTE & VoLTE network infrastructure and the GSMA Rich Communication Service Specifications.

    For more information, or to schedule interviews, contact:
    NewNet Communication Technologies, LLC +1 630-329-4248

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  • Los Angeles Business Journal Recognizes Leading Private Equity Professionals

    Monday, April 07, 2014.

    Los Angeles Business Journal recognizes leading private equity professionals.

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  • Learning A-Z Acquires Headsprout Instructional Software Unit from Skyview Capital

    TUCSON, Ariz., Dec. 23, 2013 /PRNewswire/ — Skyview Capital LLC today announced that it has completed the sale of Headsprout®, developers of the MimioReading™ classroom suite, to Learning A-Z, a Cambium Learning® Group, Inc. (Nasdaq: ABCD) company. Skyview Capital acquired the online curriculum programs as part of its acquisition of Mimio, a global leader in interactive teaching technologies, in July 2013.

    Founded in 1999 and based in Seattle, WA, Mimio acquired Headsprout in 2011, which has patented and award-winning adaptive software titles, including MimioReading™ and MimioSprout™ Early Reading. The MimioReading software suite’s advanced design uses both individualized, adaptive reading instruction and whole-group reading lessons for interactive whiteboards to improve reading performance. Research-based, the software has earned industry-wide respect for its effort in improving reading skills for students in grades PreK-8. Currently used in thousands of classrooms, learning labs, and homes, Headsprout will become part of Learning A-Z’s larger reading offering and marketed and sold as Headsprout Early Reading and Headsprout Reading Comprehension.

    Bob Holl, president and co-founder of Learning A-Z, says of the acquisition, “Headsprout is an ideal addition to our family of blended learning solutions. Their track record of efficacy includes a wealth of case studies, all of which are a testament to their quality. Our award-winning Reading Solution, which includes Reading A-Z and Raz-Kids, provides online resources for assessment, instruction, and practice. Now, with the inclusion of proven, student-facing phonics and comprehension resources from Headsprout, Learning A-Z is an even more complete reading solution for teachers to differentiate instruction and support student achievement.”

    About Skyview Capital LLC

    Skyview Capital LLC is a private investment firm headquartered in Los Angeles, CA, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed nearly 20 transactions within its target market verticals and was recently recognized by Los Angeles Business Journal as one of the top 25 Los Angeles-based private equity firms.

    About Learning A-Z

    Learning A-Z is a preK-6 educational resource company specializing in online delivery of leveled readers and supplementary curriculum. Founded in 2002 to help teachers differentiate instruction and meet the unique needs of all students, Learning A-Z’s resources are currently used in more than half of the districts in the US/Canada and 165+ countries worldwide. Serving a wide range of student needs, including ELL/ESL, intervention, special education, and daily instruction, Learning A-Z includes: Reading A-Z, Raz-Kids, Science A-Z,Vocabulary A-Z, and Writing A-Z.

    About Cambium Learning Group, Inc.

    Cambium Learning® Group is a leading educational solutions and services company that is committed to helping all students reach their full potential by providing evidence-based solutions and expert professional services to empower educators and raise the achievement levels of all students. Cambium Learning Group is composed of four business units: Voyager/Sopris Learning (www.voyagerlearning.com | www.soprislearning.com); Learning A-Z (www.learninga-z.com); ExploreLearning®(www.explorelearning.com); and Kurzweil Educational Systems®(www.kurzweiledu.com) and IntelliTools® (www.intellitools.com). Together, these business units provide best-in-class intervention and supplemental instructional materials; gold-standard professional development and school-improvement services; breakthrough technology solutions for online learning and professional support; valid and reliable assessments; and proven materials to support a positive and safe school environment. For more information, visit www.cambiumlearning.com.

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  • Newell to Divest Hardware Biz

    Zacks Equity Research
    Monday, August 12.

    Going ahead with its ‘Growth Game Plan’, Newell Rubbermaid Inc. announced the sale of its hardware business to Nova Capital, an expert buyer of corporate and private equity portfolios for $214 million, including accounts receivable.

    The after-tax proceeds are likely to be around $175 million. The transaction (subject to customary conditions) is likely to close in the third calendar quarter of 2013. Newell Rubbermaid appointed Rothschild as the financial advisor in this business deal.

    The hardware business comprises four brands, namely Amerock, Ashland, Bulldog and Shur-Line, which together are expected to generate revenue of approximately $255 million for 2013.

    In May 2013, Newell Rubbermaid had declared that it was looking for prospective buyers to offload its Hardware and Teach Platform businesses. According to the company, these businesses were not in line with its ‘Growth Game Plan’ strategy as announced in Oct 2012. Under the particular strategy, the company intends to eliminate approximately 10% of the workforce, build a new organizational model as well as leadership team.

    In Jul 2013, Newell Rubbermaid sold out its Teach Platform business to a Beverly Hills, Calif. based private equity firm, Skyview Capital, LLC. Newell’s Teach Platform business includes the Mimio and Headsprout interactive teaching technology brands. The company has not disclosed the terms of the deal.

    We believe that the recently concluded transaction will enable Newell Rubbermaid to build an organized portfolio in the existing five fundamental business segments, namely Home Solutions, Writing, Tools, Commercial Products and Baby & Parenting. Consequently, it will provide ample prospects to grow through innovation, brand augmentation and by garnering opportunities in emerging economies.

    We believe that the overall growth plan will help Newell Rubbermaid to reduce the complexities of the organization, boost efficiencies in customer services and sourcing functions as well as increase investments in the core business areas. The long-term growth plan, which is expected to be fully implemented by the end of second-quarter fiscal 2015, will save approximately $180–$225 million annually.

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  • Skyview Capital Builds Portfolio to Enable Telecom and Software Growth

    Rachel Ramsey – TMCnet
    Wednesday, August 7.

    “Companies are looking to grow through acquisition as demand slows for wireless and Internet services, and they’re seeking scale so they can afford to build the high-speed networks necessary for the latest mobile and video offerings,” a recent Bloomberg article said.

    Skyview Capital, a privately held investment firm that specializes in the acquisition and continuous management of mission-critical enterprises, has built an expertise in carve-out transactions, particularly in the telecom and software sectors, and is actively looking for additional businesses to invest in.

    This year, Skyview has definitely kept itself busy. In July it acquired the Mimio online education business from Newell Rubbermaid, which offers interactive teaching technologies to increase effectiveness and engagement in K–12 classrooms. It also acquired Interact Inc. earlier this year, a provider of interactive voices response (IVR) platforms and hosted IVR systems to help improve global communications, and the Tekelec Mobile Messaging business.

    Alex Soltani, chairman of Skyview Capital, said, “Skyview Capital has built up a strong reputation, performing carve out and buyout transactions. We have a team of operating professionals, who work with the management teams to stabilize and grow the acquired businesses.”

    In addition to 2013’s acquisitions, Skyview’s current and previous portfolio includes Aserdiv, Collins Communications, Fastech Integrated Solutions, NewNet Communication Technologies, Ixilix, Solvport, PAS Technologies and Transcend Communications. Skyview was recently honored by The Los Angeles Business Journal as one of the Top-25 LA-based private equity firms.

    “At Skyview, we strive to create long-term sustainable value within the enterprises we acquire, by providing them the highest level of financial resources and operational acumen necessary to realize and achieve their full business potential. Our investment principles are driven strictly by growth – organic growth, growth through acquisition, and specifically growth through our partnerships with talented executives,” Soltani said.

    Link to Article

    About Skyview Capital LLC

    Skyview Capital LLC is a private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long‐term sustainable value of the businesses it acquires.

    To date, Skyview has successfully completed nearly 20 transactions within its target market verticals and was recently recognized by Los Angeles Business Journal as one of the top 25 Los Angeles‐based private equity firms.

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  • NewNet Communications’ Traxcom Products Ensure Security in Transaction Processes

    Rachel Ramsey – TMCnet
    Monday, July 22.

    The proliferation of mobile devices has led to improved app development, features and capabilities. Think about how many different things you can accomplish from your smartphone or tablet alone – using GPS, sharing via social media, checking e-mail and making banking transactions or purchasing something online are not impossible feats. In fact, a recent U.S. Federal Reserve study found nearly 21 percent of mobile phone users have used mobile banking in the past year, and a Juniper Research (News – Alert) report predicts mobile commerce transactions to exceed $3.2 trillion by 2017. The rise in payment transactions means mobile device and network providers need to be prepared to offer high levels of security, safety and data confidentiality.

    NewNet (News – Alert) Communications, a provider of solutions for next-generation mobile, fixed line networks, messaging and transaction processing, offers Traxcom secure transaction processing solutions to provide a high degree of security to ensure data confidentiality and safety, and improve the efficiency of operations.

    TMC recently caught up with NewNet’s T.K. Cheung, SVP and GM of Secure Transaction Processing Division, to discuss the solutions, how they help set NewNet apart in the industry from competitors, what prompted NewNet to offer PCI (News – Alert) compliance with Traxcom and what’s in store for NewNet in the future.

    The Traxcom solutions have facilitated secure, high-speed payments transaction aggregation from millions of POS/ATM/payment terminals and switching and routing of these transactions with high security to backend Financial Authorization Servers for more than 24 years. They target a variety of customers, including transaction acquirers, payment processors, banks, retailers, financial institutions, payment service providers, payment aggregators, transaction network service providers, fixed and mobile telecommunication network providers, Independent Sales Organizations (ISOs). “We deliver secure payment transaction routing services for the legacy Dial POS terminals, now popular broadband and mobile payment terminals and fast emerging mobile smart POS and NFC Mobile Wallet transactions,” Cheung explained.

    The Traxcom product portfolio includes the Total Control Secure Transaction Gateway (STG) Dial Payment processing system, which delivers a specialized suite that enables fast transaction processing of credit card authorizations, debit card fund transfers and health benefit authorizations, and AccessGuard 1000 Mobile and Broadband IP Payment Processing gateways, which are designed to process high volumes of IP-based authorization and payment queries generated from a “smart card” terminal device, and internet based payment terminal devices. “Speed, security, stability and system availability are the key requirements of payment transaction systems and these hold the key parameters of NewNet Traxcom products as proven in the industry with our deployments with Tier 1 Acquirers, Processors, Wireline Carriers, MNOs (Mobile Network Operators) etc.,” said Cheung. “Security is the most critical aspect of payment transactions and having been in this business and working with some of the largest Tier 1 Acquirers, processor and carriers globally, we have remained in the forefront of offering most advance security for payment routing solutions with latest cryptographic methodologies.”

    “NewNet’s Secure Transactions Business Unit provides mission-critical solutions to allow carriers and financial institutions to securely process electronic payment Transactions globally. As new point of sale (POS) payment platforms arise, there will be increased opportunities for NewNet’s Secure Transactions products and services. We are seeing traction domestically as these new digital payment platforms proliferate and as acquirers and ISOs seek innovative, customer-focused suppliers. We also see enormous growth in demand in emerging markets, which are experiencing rapid increases in credit card penetration and volumes,” said Matt Thompson, SVP corporate development, NewNet Communication Technologies. NewNet has integrated transaction processing, security handling, load balancing and network routing into a single system, thereby enabling customers to avoid the need for separate systems for each of the different functions.

    “Our systems enable the customers to offer new payment solutions on emerging client/terminal devices by still connecting to existing authorization servers, thus bridging the future with present day systems,” said Cheung.

     

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    About Skyview Capital LLC

    Skyview Capital LLC is a private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long‐term sustainable value of the businesses it acquires.

    To date, Skyview has successfully completed nearly 20 transactions within its target market verticals and was recently recognized by Los Angeles Business Journal as one of the top 25 Los Angeles‐based private equity firms.

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  • Skyview Capital Makes Platform Acquisition of Mimio Interactive Learning Business from Newell Rubbermaid

    Monday, July 15.

    Los Angeles, CA – July 15, 2013 – Skyview Capital LLC today announced that it has completed the acquisition of the Mimio© and Headsprout© interactive technology businesses from Newell Rubbermaid (NYSE:NWL).

    Founded in 1997 and headquartered in Cambridge, Mass., Mimio is a global leader in interactive teaching technologies offering innovative, affordable educational technologies and curriculum solutions to increase effectiveness and engagement in K–12 classrooms.

    Alex Soltani, chairman of Skyview Capital LLC, says of the transaction, “We are very excited about adding Mimio to the Skyview portfolio. We see tremendous potential in both the education technology and curriculum segments. Mimio has cutting-edge technologies to enhance the learning experience for students around the world.”

    Mimio’s General Manager, Manny Perez, stated, “Skyview has a deep understanding of and experience in the technology industry and sees the value Mimio has to offer. The firm has a proven track record of helping companies increase in value, and we are confident that the Mimio business will benefit from this expertise as we continue to fulfill our mission of offering innovative and relevant instructional technologies.”

    Mimio’s technologies include the recently launched MimioMobile™ app and its MimioStudio™ classroom software. These two new programs give teachers the ability to create truly collaborative learning environments using mobile devices in their classrooms. The MimioSprout™ and Mimio Reading™ online instructional reading programs provide schools and homes broad and effective lessons to teach reading to students in pre–K through eighth grade. The complete MimioClassroom™ suite of interactive technologies and instructional software are used in more than 600,000 classrooms worldwide.

    The transaction has closed; terms were not made public.

    About Skyview Capital LLC

    Skyview Capital LLC is a private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long‐term sustainable value of the businesses it acquires.

    To date, Skyview has successfully completed nearly 20 transactions within its target market verticals and was recently recognized by Los Angeles Business Journal as one of the top 25 Los Angeles‐based private equity firms.

     

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  • Newell Rubbermaid Announces Sale of Teach Platform to Skyview Capital LLC

    Monday, July 15.

    Atlanta – (BUSINESS WIRE) – Newell Rubbermaid Inc. (NYSE: NWL) today announced the sale of its Teach platform, including the Mimio® and Headsprout® interactive teaching technology brands, to Skyview Capital, LLC (www.skyviewcapital.com), a Beverly Hills, Calif., private equity firm. Terms were not disclosed. The transaction has closed with the signing of the agreement.

    “Our Growth Game Plan is designed to accelerate performance by setting clear priorities for our business. This transaction further simplifies our portfolio as we continue to invest behind our highest-potential global growth opportunities,” said Michael Polk, Newell Rubbermaid’s President and Chief Executive Officer.

    About Newell Rubbermaid

    Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

    This press release and additional information about Newell Rubbermaid are available on the company’s website.

    Newell Rubbermaid Press Release

    Newell Rubbermaid Q2 Earnings Report

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  • News From the Association of Insolvency & Restructuring Advisors

    Private Equity Operations Groups

    There has been a significant rise in the number of portfolio operations groups in private equity over recent years. Private Equity boomed in the 1980’s and primarily relied on the use of financial engineering in leveraged buyouts to achieve the high returns that defined that era. As more leveraged buyout shops emerged, the competition for deals increased and returns subsided. In addition, in the post-credit crisis world it has been more challenging to obtain credit, and private equity funds have had to write larger equity checks than before which has also negatively impacted private equity returns.

     

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  • Skyview Capital Completes the Acquisition of Interact Inc.

    Arlington Heights, IL- NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer
    internet, multimedia content delivery, mobile advertising, and secure transactions announced today its completion of the Interact Inc. acquisition.

    Interact Inc.’s high performance, hosted or customer premise installed Interactive Voice Response (IVR) solutions and their realtime charging and rating engine improve global communications in over 30 countries worldwide, reaching over 80 million end users. Interact’s products coupled with NewNet’s TraxcomSecure and
    Mobile Messaging technologies expand its product portfolio. Nimblevox, Interact’s Cloud Communications solution allows companies to bring voice and SMS applications to market in a shorter timeframe, without writing a single line of code. Nimblevox enables
    operators to develop cutting-edge communication applications that are hosted in the cloud or installed at the customer premises. Interact’s Invigorate product provides a real-time convergent rating and charging solution, allowing mobile operators to introduce innovative services and creative charging campaigns. NewNet’s CEO, PJ Louis, said: “We are excited to add the Interact Incorporated solutions to our NewNet product portfolio.” Louis continued, “Interact’s assets are an excellent fit for NewNet, and we believe this transaction will deliver significant business growth for our organization.”

    “Interact and NewNet’s customers are the true winners of this acquisition,” said Lynn McKee, the previous CEO of Interact Inc. “The combination of our two organizations’ product portfolios deliver technologies that make business processes happen.”

    “Together, both Interact and NewNet’s proven track records in the industry ensure our customers receive world class products and unparalleled support services, enabling them to bring new and innovative solutions to market in a timely manner,” said Greg Gissler, Founder of Interact Inc.”

    “Today’s signing announcement marks a new, important chapter in our company,” said Alex Soltani, Chairman of NewNet, and Chairman and CEO of Skyview Capital. “This is a highly strategic transaction, allowing NewNet to broaden its product offering to its blue-chip telecom carrier clients. It provides NewNet with cross-selling opportunities, engineering talent, and innovative intellectual property. It is Skyview’s first deal to close in 2013 and facilitates NewNet’s continued growth.”

    About Skyview Capital, LLC

    Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of “mission critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long–term sustainable value of the businesses it acquires.

    To date, Skyview has successfully completed nearly 20 transactions within its target market verticals.

  • An Introduction to Private Equity Deal Sourcing

    In private equity, deal flow is the lifeblood of each firm. It is crucial to bring a stream of interesting deals into the firm. There are two types of deal leads: proprietary and non-proprietary auctions. Buyout professionals greatly prefer the proprietary, non-auctions deals. These proprietary deals, since they are not structured auction processes, have less competition, which can allow for more favorable purchase price and terms.

    You can think of deal sourcing like any sales channel. It is funnel of unqualified leads turning to qualified leads, turning to active discussions, turning to NDA, turning to Letters of Intent, turning to executed transactions. At each stage, only a percentage of deals make it to the next stage. Therefore, if you start with 100 unqualified leads it may only turn into one completed transaction. Since it is a numbers game, it is crucial to generate and efficiently process as many deals as possible. Firms have diverse approaches to deal sourcing; some have huge in-house teams of deal-sourcing specialists; at some firms all deal professionals are responsible for deal sourcing and executions.

    To continue reading please follow the link.

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  • News from the Association of Insolvency & Restructuring Advisors

    Many corporations are seeking to enhance shareholder value by divesting struggling or non-core divisions. This process is called a “carve-out” (see the last edition of AIRA Journal (Vol. 25 No. 5.) for a previous article on this topic). Buying carved-out business units is more challenging than buying existing standalone businesses and there are a number of unique challenges. Strategic buyers usually have an existing business infrastructure that can be used to run the business. Private equity buyers, on the other hand, need to develop this infrastructure so that the carved-out entity can operate independently. There are a number of carveout specific due diligence issues which should be evaluated to help ensure a successful acquisition, transition, and exit.

    To continue reading please follow the link.

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  • News from the AIRA: Introduction to Corporate Carve-outs

    As the global economy continues to stall, both healthy and distressed corporations are looking to divest struggling or non-core divisions. This process is called a “carve- out.” Private equity and strategic buyers are increasingly purchasing these carved-out divested business units. Acquiring carved-out business units is more challenging than buying existing standalone businesses and there are a number of unique challenges. Strategic buyers usually have an existing business infrastructure into which they can run the business. Private equity buyers, on the other hand, need to develop this infrastructure so that the carved-out entity can operate.

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