YEARLY ARCHIVES
  • Skyview Capital Portfolio Company Completes Strategic Acquisition

    BEVERLY HILLS, Calif., Nov. 4, 2010 /PRNewswire/ — Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced today the successful acquisition of 3ple-Media, BV, by its portfolio company NewNet Communication Technologies, LLC. Headquartered in Schiphol-Rijk, the Netherlands, 3ple-Media is a leader in providing innovative multimedia messaging solutions to wireless carriers worldwide.

    3ple-Media’s award winning Mercury platform enables carriers to implement highly cost effective, media rich, campaigns such as live media broadcast, mobile advertising, streaming video and premium content subscription services. Optimized for multimedia messaging, Mercury delivers unsurpassed performance and scalability in a carrier grade platform, allowing carriers to capitalize on revenue generating multimedia opportunities.

    Mercury’s advanced service compilation layer supports rapid development of multimedia campaigns, such as mobile advertizing and streaming media services that enrich the subscriber’s experience. Carriers are in full control of content creation and can launch highly effective campaigns supported by sophisticated platform services and analysis tools.

    The acquisition of 3ple-Media and the Mercury platform represents a significant milestone in the evolution of NewNet’s product portfolio and market focus. 3ple-Media’s globally deployed employees will become part of NewNet’s team, ensuring business and product development continuity.

    NewNet’s CEO, Ron Pyles, said, “The Mercury Multimedia platform has already had a positive impact on mobile operators in their quest for improved revenues, better multimedia services and faster delivery to subscribers. By efficiently harnessing the powerful combination of leading edge technology and commercial innovation, Mercury unlocks the multimedia opportunity for operators and enriches the subscriber’s experience. NewNet is pleased to have the opportunity to make the Mercury platform and applications available to carriers, content providers and advertisers on a global basis.”

    “We are excited that NewNet has emerged to take the business we have built to its next stage through continued investment in the Mercury platform and aggressive marketing on a global basis,” said Costi Manda, Managing Director, CTO and co-founder of 3ple-Media. “NewNet’s industry presence and seasoned management team will enable the business to advance development plans and fully capitalize on the current demand for multimedia services.”

    “This has been an extremely active year for both Skyview Capital and NewNet Communication Technologies, with no signs of slowing down. The acquisition of 3ple-Media represents yet another Skyview cross-border European investment, and is the second significant acquisition in 2010 on behalf of NewNet. 3ple-Media’s multimedia platform and leading edge technology is strategically important to the continued development of NewNet as a leading global telecom solutions provider,” said Alex Soltani, Chairman and CEO of Skyview Capital. “We will continue to make needed investments to further expand NewNet’s product portfolio, technology development, and market reach, positioning NewNet for exceptional future growth.”

    The effective date of the agreement was September 29th 2010. Terms of the agreement were not disclosed.

    About 3ple-Media, BV

    3ple-Media, a Multimedia R&D company, provides a revolutionary solution that enables mobile operators the ability to rapidly develop, deploy and analyze media rich applications to their subscribers. The high performance platform provides a new source of high revenue growth for mobile carriers. The end-to-end services ensure complete access to and delivery of all multimedia campaigns at optimal quality. 3ple-Media is headquartered in The Netherlands.

    About NewNet Communication Technologies, LLC

    Headquartered in Shelton, Connecticut, NewNet Communication Technologies, LLC is a recognized leader in text messaging and network signaling solutions for wireless, IP, and wireline networks. NewNet’s robust, scalable telecom signaling platforms have enabled the rapid development and deployment of over four thousand carrier grade, revenue generating applications worldwide. NewNet, a pioneer in text messaging systems has deployed messaging platforms to mobile operators in over sixty countries. For nearly two decades, NewNet has been synonymous with signaling platform excellence and is a trusted name in SS7 signaling solutions. For more information, visit www.newnet.com.

    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 “systems critical” businesses in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial strength, Skyview systematically enhances the long-term value of the companies it acquires. For more information, visit www.skyviewcapital.com.

    SOURCE Skyview Capital, LLC

  • KRG Capital Partners acquires PAS Technologies

    Denver private equity firm KRG Capital Partners has acquired PAS Technologies Inc., a Kansas City aviation part repair business, for an undisclosed amount.

    KRG acquired PAS as an investment for its $1.96 billion fund IV, and PAS is the second aerospace investment in that fund. KRG also invested in Tronair Holdings Inc., a manufacturer and marketer of aircraft ground support equipment.

    PAS’ former owner, Gridiron Capital LLC of New Canaan, Conn., sold its stock after four years of majority ownership. Gridiron bought the former Praxair Surface Technologies Inc. in July 2006 and changed its name to PAS Technologies.

    The business had about $67 million in revenue when Gridiron acquired it, and PAS doubled in size since then under the leadership of Robert Weiner, who died in May. Phil Milazzo, who was mentored by Weiner for 11 years, took over as CEO.

    “We are excited to be partnering with the PAS team,” KRG Managing Director Chuck Hamilton said in a release. “PAS is a customer-focused organization with impressive global repair and coating capabilities that enable it to deliver value-added solutions for its partners. We expect to continue to invest in the company’s people and technologies to expand PAS’ growth opportunities and to build upon the impressive operations that its management has developed.”

    KRG said it made the investment because it sees value in the company’s innovative repairs for high-wear parts to extend the useful life of components that are costly to replace.

    “The PAS team has spent considerable time with KRG and is looking forward to the new partnership,” Milazzo said in the release. “We believe KRG and PAS share a common approach to conducting business with the highest standards and KRG’s resources and investment philosophy will enable us to accelerate our development of innovative repair and coating capabilities.”

  • UTStarcom Executes Definitive Agreement to Sell IP Messaging and US PDSN Assets to NewNet Communication Technologies
    Signs Reseller Agreement with NewNet Communication Technologies to Distribute Core IP-based Products in North America and Latin American Regions

    ALAMEDA, Calif., May 25, 2010 /PRNewswire via COMTEX/ — UTStarcom, Inc. (UTSI 2.05, +0.07, +3.54%) today announced the sale of its IP Messaging and US PDSN Assets to NewNet Communication Technologies, a Skyview Capital portfolio company and a recognized leader in text messaging and network signaling solutions for wireless, IP, and wireline networks. Under the terms of the agreement, NewNet Communication Technologies will also become a reseller of the UTStarcom core IP-based product portfolio in the North America and Latin American regions. Terms of the agreement were not disclosed. The transaction is expected to close in June of 2010.

    “We are pleased to be partnering with NewNet Communication Technologies, which we are confident will provide exceptional localized service to UTStarcom customers as our reseller in the Americas region,” said Peter Blackmore, chief executive officer and president of UTStarcom. “We feel this indirect sales approach for our core IP-based products will be a more effective and successful go-to market strategy for this region of the world. This agreement further simplifies our operations and is consistent with our stated strategy to maximize UTStarcom’s opportunities in our core IP-based product offerings.”

    Mr. Blackmore added, “We are also confident that NewNet Communication Technologies is well positioned to continue to develop, market and service our well received IP Messaging and PDSN products.”

    “We are excited to enter into this agreement with UTStarcom as it expands our portfolio of telecom solutions and our reach into the Latin American region,” said Ron Pyles, chief executive officer and president of NewNet Communication Technologies. “We will go to market aggressively with these new assets as well as the UTStarcom IP-based product portfolio.”

    Alex Soltani, chairman of Skyview Capital, said, “Having previously acquired the Traxcom product family from UTStarcom we are pleased to have worked with this industry leader in advancing our plan for expanding NewNet’s presence in the global telecommunications market. We are particularly happy that this transaction allows us, through the associated reseller agreement, to form an ongoing relationship with UTStarcom.”

    NewNet Communication Technologies will continue to service and provide localized support to existing UTStarcom customers. To facilitate this transition key personnel from UTStarcom will be hired on to the new organization as a part of the agreement.

    About UTStarcom Inc.

    UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The Company sells its solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the Company has research and development operations in the United States, China, and India. For more information about UTStarcom, visit the Company’s Web site at http://www.utstar.com .

    About NewNet Communications Technologies

    Headquartered in Trumbull, Connecticut, NewNet Communication Technologies LLC is a recognized leader in text messaging and network signaling solutions for wireless, IP, and wireline networks. NewNet’s robust, scalable telecom signaling platforms have enabled the rapid development and deployment of over four thousand carrier grade, revenue generating applications worldwide. NewNet, a pioneer in text messaging systems has been deployed messaging platforms to mobile operators in over 60 counties. For nearly two decades, NewNet CT has been synonymous with signaling platform excellences and is the trusted name in SS7 signaling solutions. For more information, visit http://www.newnet.com .

    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 “systems – critical” businesses in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial strength, Skyview systematically enhances the long-term value of the companies it acquires. For more information, visit http://www.skyviewcapital.com .

    Forward-Looking Statements

    This release includes forward-looking statements, including statements regarding profitable growth and the Company’s long-term strategy. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These risks include the ability of the Company to realize anticipated results of operational improvements, increase bookings, successfully transition to a new management team and headquarters location and execute on its business plan as well as risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. The Company is in a period of significant transition and in the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statement.

  • Skyview Capital Completes Acquisition

    BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced today the successful acquisition of the RAS/TRAX Business unit (www.traxcomtech.com), from UTStarcom (NASDAQ GS: UTSI), a global leader in the manufacture, integration and support of IP-based, end-to-end networking and telecommunications solutions.

    “Acquiring one of only a handful of providers of leading edge technologies in the rapidly growing secure transaction processing industry gives us a solid platform to build new emerging technologies in an evolving market with new channels and delivery systems. This investment in high volume, high growth, and high value transactions is directly in line with our core investment principle of building strong companies with mission-critical products that have global acceptance within an established blue-chip customer base,” stated Alex Soltani, Chairman and CEO of Skyview Capital.

    Skyview will continue the operations, support, and further development of these solutions under the new name of Traxcom Technologies, LLC, with the same staff that has developed and managed the technology and business under its previous ownership. This is an important step in assuring seamless transition and continued progress in this highly specialized technical operation.

    About Traxcom Technologies, LLC

    Traxcom Technologies, LLC’s is based in Bensenville, IL and is a global leader in secure transaction processing products and technologies originated in 1989 under the initial ownership of US Robotics and later developed by 3Com and UTStarcom. Traxcom’s secure transaction product Total Control 1000 currently processes more than 1.5 Billion transactions per month. Its products are installed and running in most of the major Carrier, Acquirer and Merchant networks today, with a worldwide customer base deployed in 55+ Countries. A new product line has been developed ready for launch called Access Guard 500, which is the next generation in the IP to IP Networking sector. Secure solutions are available for Dial to x.25; Dial to IP; and, IP to IP networks. Traxcom operates a global organization responsible for providing products and services to market leading customers in North America, Central and South America, Europe, the Middle East, Africa, India, Japan and Southeast Asian countries.

    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 “systems – critical” businesses in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial strength, Skyview systematically enhances the long-term value of the companies it acquires. For more information, visit www.skyviewcapital.com.

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