YEARLY ARCHIVES
  • NewNet Secure Transactions Cloud Expands Service Offering

    Read original article here: https://markets.businessinsider.com/news/stocks/newnet-secure-transactions-cloud-expands-service-offering-1027764459

    CHICAGO (November 28, 2018) – NewNet Secure Transactions Cloud is expanding its global sales initiatives for its patent pending solutions. STC (Secure Transaction Cloud) is a virtualized system for transmission and processing of payment transactions. Through STC’s secure M2M network, SIM cards from any Carrier can now communicate securely from POS (payment terminal) to Acquirers in the $3 Trillion electronic payments industry.

    NewNet STC’s patent pending technology offers new security mechanisms coupled with the agility of systems operating in the cloud and, consequently, eliminating high infrastructure costs. STC’s key benefits include high security, fast time to market, lower cost of ownership, versatility, and industry protocol support.

    This has been a growing demand in an increasingly competitive market, where start-ups are causing strong disruption of the most traditional models in the industry.

    “We are actively growing our sales team globally and launching trials with leading telcos, financial services companies, processors, and payment gateways. We have been serving some of the largest financial services players for over twenty years with our server-based gateways. Our new cloud-based solution will allow incumbent and new entrant financial services companies to offer innovative cloud payment solutions,” said Rick Bigelow, CEO of NewNet and Senior Vice President of Skyview Capital. The suite of services can be viewed via the You Tube video: https://youtu.be/EPlhD_0dZ-g .

    North American Sales Director Bob Alvarez recently joined NewNet STC and says “I am excited to bring the NewNet STC solutions to the marketplace. STC serves an important niche in the global electronic payments ecosystem.”

    “The STC application offers the complete solution. It connects the end points of a financial transaction, from the equipment operating a SIM card protected through secure connections until the final transaction authorization with the financial services systems,” said Devarajan Puthupparambil, Head of Business, NewNet’s Secure Transactions BU.

    NEWNET Secure Transaction is a wholly owned portfolio company of Private Investment Firm, Skyview Capital (www.skyviewcapital.com).

    About NewNet

    NewNet Communication Technologies is a leading provider of innovative communication and payment solutions. NewNet’s global customer base includes next generation mobile and fixed line networks, global telecom operators, acquirers, processors, financial institutions and enterprises, and we offer state of the art solutions to rapidly develop and deploy cutting edge revenue generating applications that deliver feature-rich, value added services. NewNet Secure Transactions (NST) BU offers secure Payment transaction routing, switching, and transport solutions. NewNet’s payment systems power over 25% of all global payment card and digital transactions, worldwide. NST’s latest solution of Secure Transaction Cloud (STC) offers virtualized secure payment applications for transaction transport in cloud, with specific Virtual Network Functions for Security, Transaction Protocols, P2PE, Tokenization, Host Interfaces, and Load Balancing for a wide range of payment types including Internet payments, mobile payments, POS/mPOS based transactions and a variety of eCommerce, mCommerce payments with PCI compliant HSMs. More information is available at www.securetransactionscloud.com.

    About Skyview Capital, LLC:

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

    # # #

    Contact:                 (For NewNet Secure Transactions Cloud)

    Bob Alvarez, Regional Sales Director

    bob.alvarez@newnet.com

    (For Skyview Capital)

    Steve Syatt

    SSA Public Relations

    steve@ssapr.com

     

  • Skyview Capital Acquires Select Assets of Prynt Corporation Mobile Printing and Augmented Reality Business

    Read original article here: https://www.marketwatch.com/press-release/skyview-capital-acquires-select-assets-of-prynt-corporation-mobile-printing-and-augmented-reality-business-2018-11-13

    Skyview Capital to Acquire Assets of Prynt Corporation to Accelerate Investment in Growth, Innovation and Market Penetration

    LOS ANGELES, Nov. 13, 2018 /PRNewswire/ — Global private investment firm Skyview Capital (www.skyviewcapital.com) today announced that the company has acquired selected assets of Prynt Corporation (https://www.prynt.co/#/?_k=9iytea.co) through QuickerPics LLC. Terms were not disclosed.

    Currently in distribution in thousands of online and physical retailers worldwide, Prynt reimagines how digital content is shared in the physical world with the first-ever smartphone printer/case. In addition to transforming smartphones into a portable instant camera, groundbreaking Augmented Reality (AR) technology adds a hidden video within the photo that is revealed with the Prynt app, magically bringing Prynt photos to life. Featured in leading technology magazines, gadget blogs and social media influencers, Prynt is poised to revolutionize how the world shares smartphone photography.

    “Skyview Capital brings deep operational expertise which can help modernize and accelerate growth at Prynt,” said Alex Soltani, Chairman and CEO of Skyview Capital. “Skyview has executed numerous tech-enabled and ecommerce transactions. We see a lot of opportunity for this business to operate independently and expand through organic and inorganic growth. The mobile printing sector is very fragmented, so we see an opportunity to consolidate the industry. Prynt fits at the intersection of Skyview’s capabilities in consumer electronics, software, ecommerce, and mobile solutions.”

    Matt Thompson, Senior Vice President at Skyview Capital, said: “I am extremely pleased with the acquisition of select Prynt Corporation assets and look to continue serving its hundreds of thousands of print users. We are particularly excited by Prynt’s innovative AR and IP surrounding its extraordinary print case and are committed to adding more capabilities and enhancing the product’s value for all of our customers.”

    “We are excited to continue the growth and expansion of the Prynt brand and see vast opportunities for photo printing and augmented reality. We intend to grow organically and protect and monetize our valuable IP,” said Rick Bigelow, Chief Executive Officer of QuickerPics, LLC and a Senior Vice President at Skyview Capital.

    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 28 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.

    About Prynt Corporation: Prynt Corporation is changing the way digital content is shared with the company’s acclaimed smartphone printer/case. Prynt photos embed short videos that are revealed through the Prynt app, magically bringing pictures to life. Prynt products are available online and through prestigious retailers worldwide. QuickerPics, LLC is owner of the intellectual property and Prynt brands.

    CONTACT: (For Skyview Capital)
    Steve Syatt
    SSA Public Relations
    steve@ssapr.com
    (818) 222-4000
  • Skyview Capital, LLC’s Skyview Ventures Completes Seed Round Investment in Pr3vent, Inc.

    Read original article here: https://www.prnewswire.com/news-releases/skyview-capital-llcs-skyview-ventures-completes-seed-round-investment-in-pr3vent-inc-300732127.html

    LOS ANGELESOct. 16, 2018 /PRNewswire/ — Skyview Ventures http://www.skyviewcapital.com/home/ventures/, the early and growth stage investment arm of global private investment firm Skyview Capital, LLC, has completed its seed round investment in Pr3vent, Inc. (“Pr3vent”).  Pr3vent is a Palo Alto, California-based healthcare technology company founded by noted medical field veterans Jochen Kumm, PhD and Darius M. Moshfeghi, MD.

    Further expanding Skyview Ventures’ interests in disruptive biotechnology companies, the seed round financing will accelerate Pr3vent, Inc.’s development of the company’s revolutionary eye screening diagnostic service designed expressly for newborns.

    Skyview is joined in the investment by Phillip Sarofim and his private equity/venture capital firm Trousdale Ventures, LLC (formerly PS Ventures).  The joint investment by Skyview Capital and Sarofim’s Trousdale Ventures in Pr3vent marks the continuation of the two firms’ collaboration with select start-up and first phase companies.

    Pr3vent’s breakthrough technology introduces an Artificial Intelligence algorithm that provides early diagnosis and intervention to help allow for eye problems to be more effectively treatable by existing modalities.

    The investment in Pr3vent marks Skyview’s eighth venture investment since launching the firm’s asset class in January 2017, signifying its aggressive and robust activity within this sector to date, and further aligning it with the firm’s deep expertise in technology and biotechnology, software, and differentiated consumer products and solutions.  Additional Skyview Ventures early and growth stage investments include KangarooTime, HopSkipDrive, BuyitInstalled, Kitul SuperCoffee, SilkTech, and OnPoint Global.

    “We are very excited to partner with Darius and Jochen and help bring this remarkable, potentially life enhancing diagnostic tool to the forefront of pediatric healthcare.  It has long been common practice for immediate newborns to be screened for hearing, and now as a direct result of the successful research by Pr3vent principals, Dr. Kumm and Dr. Moshfeghi, it is finally possible to screen for vision when infants are first born as well.  We see the Pr3vent technology platform as a true game-changer in healthcare diagnostics,” said Alex Soltani, Chairman and Chief Executive Officer of Skyview.

    “I am pleased to join side by side with Skyview Capital in completing our Pr3vent investment.  The work of principals Dr. Kumm and Dr. Moshfeghi is truly groundbreaking and has a tremendous potential of impacting the eye health of infants worldwide,” said Phillip Sarofim, President and Chief Executive Officer of PS Ventures.

    “We are excited to partner with Skyview and take Pr3vent to the next level. Pr3vent’s AI screening platform will improve health outcomes first in newborns and then in other healthcare use cases,” said Dr. Kumm, Chief Executive Officer of Pr3vent.

    “We are thrilled to have Skyview Capital join as our first institutional investor. Their knowledge and contacts in the software and cloud services sector complement our strengths in deep learning, pediatric eye diseases, and the screening market. We hope to leverage our combined expertise for operational and strategic advantage,” said Pr3vent partner Dr. Moshfeghi.

    Dr. Kumm has worked in computation and AI at the Stanford Genome Technology Center, IBM Watson Life Sciences, insightAI, Pathogenica, and Roche Pharma. He has a BA from Harvard and a PhD in Biological Sciences from Stanford.

    Dr. Moshfeghi is the Director of Retina at the Byers Eye Institute, Horngren Family Vitreoretinal Center, Stanford University School of Medicine. His career has focused on expanding care to pediatric eyes using telemedicine. He currently serves on the Telemedicine Working Group for the American Academy of Ophthalmology. He serves on several corporate boards including 1800 Contacts, dSentz, and Promisght. He leads the Scientific Advisory Board for Visunex Medical Systems, Co. Ltd which makes a pediatric camera used for pediatric eye screening.

    About Skyview Ventures
    Skyview Ventures is the venture capital initiative of global private investment firm Skyview Capital, LLC. Skyview Ventures partners with talented entrepreneurs, investing in early stage, disruptive businesses, where the Skyview team can leverage industry experience, its vast professional network, and its operational and financial wherewithal. Current areas of focus include Digital Media, IoT, Augmented and Virtual Reality, Telecom and Software, Social Media, Fintech, HealthTech, Biotech and Consumer Products. To learn more, please visit www.skyviewcapital.com/ventures.

    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 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 more than 30 transactions within its target market verticals. To learn more, please visit www.skyviewcapital.com.

    Trousdale Ventures, LLC
    Trousdale Ventures, LLC Ventures is a privately-held investment firm with an ownership portfolio that encompasses a variety of companies involved in technology, IT management, food manufacturing, lifestyle consumer products, entertainment and child development products.

    About Pr3vent, Inc.
    Pr3vent, Inc. is a healthcare IT company currently developing Artificial Intelligence and Machine Learning screens for ophthalmic newborn conditions. The Company’s [patented] algorithms and screening service is being developed for applications in newborn eye screening. More information on the Palo Alto, CA based Pr3vent, Inc. can be found at www.pr3vent.com.

  • Conduent Announces Agreement to Sell Portfolio of Select Customer Care Contracts

    Read original PRNewswire article here: https://www.prnewswire.com/news-releases/conduent-announces-agreement-to-sell-portfolio-of-select-customer-care-contracts-300721555.html

    FLORHAM PARK, N.J.Oct. 1, 2018 /PRNewswire/ — Conduent Incorporated (NYSE: CNDT) today announced it has entered into a definitive agreement to sell a portfolio of select standalone customer care contracts to Skyview Capital LLC, a privately held investment firm headquartered in Los Angeles, Calif.

    This portfolio, which generated approximately $500 million in revenue in 2017, is part of the previously announced plan to divest $1 billion in revenue associated with non-core assets. Once this transaction closes, it will conclude that divestiture plan. This divestiture amplifies Conduent’s ability to focus on higher value-added, platform-enabled Business Services.

    Moreover, this divestiture is aligned with Conduent’s strategy to reposition the company and redeploy its capital on technology investments in growing its core businesses.

    The transaction, which is subject to certain regulatory approval and customary closing conditions, is expected to close during the fourth quarter of 2018.

    UBS Investment Bank is serving as financial advisor and Sheppard Mullin is serving as legal counsel to Conduent.

    Click to Tweet

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    About Conduent  
    Conduent creates digital platforms and services for businesses and governments to manage millions of interactions every day for those they serve. We are leveraging the power of cloud, mobile and IoT, combined with technologies such as automation, cognitive and blockchain to elevate every constituent interaction, driving modern digital experiences that are more efficient, helpful and satisfying.

    Conduent’s differentiated offerings touch millions of lives every day, including two-thirds of all insured patients in the U.S. and nearly nine million people who travel through toll systems daily. Whether it’s digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – Conduent serves a majority of the Fortune 100 companies and more than 500 government entities. Learn more at www.conduent.com.

    Note:  To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduenthttp://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

    Conduent is a trademark of Conduent Incorporated in the United States and/or other countries.

    SOURCE Conduent Incorporated

    Related Links

    https://www.conduent.com

  • Skyview Capital, LLC Appoints Rod Stoddard Senior Vice President Of Portfolio Operations

    Read original article here: https://finance.yahoo.com/news/skyview-capital-llc-appoints-rod-185000348.html 

    Stoddard Takes Senior Executive Role in Helping Evaluate and Oversee Skyview Capital’s ExpandingRoster of Investments

    CENTURYCITY, CA / ACCESSWIRE / September 12, 2018 / Reflecting its growth as a leading global private investment firm, Los Angeles-based Skyview Capital (http://www.skyviewcapital.com/) has named noted industry executive Rod Stoddard as Senior Vice President of Portfolio Operations.

    Based in Skyview Capital’s Century City headquarters, Stoddard will assume a lead role in analyzing prospective investment opportunities, overseeing the management teams of current investments, and monitoring overall strategy and operational performance of the company’s private equity portfolio companies.

    Stoddard brings over two decades of operating knowledge and industry expertise to his new post with Skyview Capital, including leadership positions in the technology and internet sectors, publicly traded companies, and venture capital and private equity companies. Prior to joining Skyview Capital, Stoddard served as President of three noted companies including GoDaddy’s premium hosting subsidiary, Media Temple; information services leader, Martindale-Hubbell; and leading e-commerce platform, US Search.com.

    Stoddard’s track record is distinguished by a number of high-profile company growth expansions and select turnarounds. As President of Media Temple, Stoddard reversed a 3-year declining trend while launching an entirely new cloud solution that experienced 100% year over year growth under his leadership. During his tenure as President of Martindale-Hubbell, he re-engineered the company, increased its projected profitability by 4x and created the largest legal network online. As President of US Search.com, Stoddard led the business to emerge among the top 10 most popular e-commerce companies in the country. Stoddard also served as Vice President of Product and Business Development for Internet Brands which operates a number of e-commerce sites in vertical markets and ran his own company, Blue Water Ventures, where he built a multimillion dollar business.

    Stoddard earned his MBA from The Kellogg School of Management at Northwestern University and BA from UC Santa Barbara. He resides with his wife, Leila, and three children in Manhattan Beach.

    “We are thrilled to have Rod join Skyview’s roster of talented professionals. He brings to Skyview Capital an impressive track record of success in driving profitable growth and building high performing management teams, as well as a network of strategic relationships built over a distinguished career. A seasoned executive with tremendous operating experience as a President, CEO and COO of nationally recognized companies, Rod’s skills and expertise will be invaluable as we support our portfolio’s continued growth and development,”; said Alex R. Soltani, Chairman and Chief Executive Officer of Skyview Capital, LLC.

    About Skyview Capital,LLC:

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

    CONTACT:

    Steve Syatt
    SSA Public Relations
    steve@ssapr.com
    (818) 223-1022

    SOURCE: Skyview Capital, LLC

    https://www.accesswire.com/511834/Skyview-Capital-LLC-Appoints-Rod-Stoddard-Senior-Vice-President-Of-Portfolio-Operations

  • Back-to-school in a box: Parents keep it simple with supply kits

    Read original article here: http://www.chicagotribune.com/business/ct-biz-back-to-school-supply-kits-0805-story.html

    Jenny Driscoll has fond memories of back-to-schoolshopping as a kid: picking out the perfect folders, decorating new notebooks.

    She’d been looking forward to sharing the experience with her son before his first day of kindergarten five years ago at his new school in west suburban Hinsdale — until she took a closer look at his supply list.

     

    Jenny Driscoll has fond memories of back-to-schoolshopping as a kid: picking out the perfect folders, decorating new notebooks.

    She’d been looking forward to sharing the experience with her son before his first day of kindergarten five years ago at his new school in west suburban Hinsdale — until she took a closer look at his supply list.

    Ever since, she’s purchased all-in-one supply kits for her kids, now in fifth and second grades. Driscoll isn’t alone. Nearly two-thirds of U.S. consumers who have the option to purchase a kit from their child’s school or parent teacher organization have done so at least once, and most are repeat buyers, according to a 2017 report from market research firm The NPD Group.

    Fans of the kits praise the convenience of filling a child’s backpack without spending hours tracking down folders with the requested combination of pockets, prongs and colors. Other parents question how good a deal they’re getting or say their kids still like browsing the aisles at traditional school supply destinations themselves.

    Those retailers, including big-box stores and office supply chains, are competing with convenience-focused services of their own. But supply kit vendors say they’ve got one edge the big chains can’t fully match: a local school’s endorsement.

    “It goes back to consumer confidence,” said Jennifer Thompson, owner of DeKalb-based school supply kit vendor The Write Stuff. “A parent may question themselves on something at Target. We make it easy.”

    Supply kit companies take teachers’ lists and work with vendors to secure the items. They take online orders and assemble individual student kits over the summer before shipping them to schools or students’ homes by the first day of class.

    Prices vary considerably depending on the school — some use it as a fundraiser and add a markup to the quoted price, while others treat it as a service for parents. A student’s age matters too. At Hinsdale’s Monroe, which works with Oswego-based Shane’s Kits, for instance, kindergarten kits cost $40, while fifth-graders’ parents pay $70.

    The kit concept isn’t new. Woodridge-based SchoolKidz, which Los Angeles private equity firm Skyview Capital purchased from Staples earlier this year, was founded in 1995. Initially, the company planned to sell supply kits to families online, but e-commerce hadn’t yet taken off, so SchoolKidz shifted its focused to schools, said Jim Mulder, the company’s president.

    SchoolKidz also has a division that provides kits to not-for-profit organizations and a separate business selling individual kits to consumers, but the school list kits make up the bulk of the business. The company works with thousands of schools, Mulder said.

    Over the years, the items in those kits have changed. Floppy disks are out, and earbuds and flash drives are in, Thompson said. More schools request general classroom supplies like copy paper and paper towels, which she and Mulder chalk up to tighter budgets.

    Both also said their companies handle more of the legwork of running supply kit sales, like collecting online orders and payments — work that used to fall to school volunteers running in-person or mail order sales.

    “The simpler we can make it (for schools), the more appealing it is,” Thompson said.

    Fans of the programs point to convenience.

    “Parents don’t want to have to hassle with it at the end of the summer,” said Peggy Brink, who organizes the supply kit program for the North Shore’s Wilmette Junior High School. Brink is among the two-thirds of families she estimated buy kits, purchased from Colorado-based EduKit. “And when you go to Target or another store, you end up buying a lot of other things while you’re there.”

    But Michael Millar, of Wilmette, said he and his family will handle supply shopping themselves this year, though they’ve purchased kits in the past. His daughter, who will be an eighth-grader at Wilmette Junior High, enjoys choosing her own supplies. Cost is a factor too, Millar said.

    “Because it’s a convenience, it seems like there’s a convenience fee attached to it,” he said.

    Officials at Wilmette Junior High and Monroe say their kit sales have a small fundraising component. Monroe’s parent teacher organization uses input from parents and teachers to decide how to use the money, Driscoll said.

    The kits seem to be most popular at more affluent schools and in major cities where parents are more willing to pay a little extra to save time, said Ana Serafin Smith, a spokeswoman for the National Retail Federation.

    About 40 percent of Chicago parents who participated in Deloitte’s annual back-to-school survey planned to buy pre-configured supply kits, said Bobby Stephens, a senior manager in consultancy Deloitte Digital’s retail practice. That’s above the national and Midwest rate.

    Overall, families earning between $50,000 and $100,000 per year were the most likely to say they planned to buy kits, including those purchased through schools and school supply bundles bought from other retailers, Stephens said.

    “That combination of convenience and price lets them get what they need (for basic items), then be more selective about others,” he said.

    Supply kit vendors aren’t the only ones making the convenience pitch.

    Out of the roughly $685 that families with children in elementary through high school planned to spend on back-to-school items this year, only about $122 will go to items like notebooks, pencils and backpacks, according to the National Retail Federation’s annual back-to-school survey.

    “It’s not just about supplies; parents need to get clothes and other things that still require a trip to the store,” said Alexis DeSalva, senior retail and e-commerce analyst at market research firm Mintel. “Retailers like Target and Walmart are using that to their advantage.”

    Some retailers post schools’ lists online, and Target and Office Depot will let parents add all available items on a child’s list to their cart with a single click.

    For now, companies selling kits selected by the school have an edge when it comes to offering parents a stamp of approval, DeSalva said.

    But she said she wouldn’t be surprised to see more big retailers trying to partner with schools and inch closer to the kit service, even if it wouldn’t make financial sense to work as closely with individual schools as companies like The Write Stuff and SchoolKidz do.

    Both companies say they haven’t yet felt the impact of big chains’ efforts to mimic their approach. The Write Stuff is working with more schools than ever: nearly 300 across 32 states, Thompson said.

    Mulder, the SchoolKidz president, said he’s skeptical that a general retailer would make school supplies enough of a priority to match the level of service dedicated supply kit vendors provide.

    “We have a more immediate, intimate relationship with schools,” he said. “Walmart and Target just aren’t getting to that level of conversation.”

    lzumbach@chicagotribune.com

    Twitter @laurenzumbach

  • Phillip Sarofim Named To Skyview Capital, LLC Advisory Board

    Founder-CEO of PS Ventures, Sarofim To Serve As Advisory Board Member for Skyview Capital, A Global Private Equity and Venture Capital Firm Owned By Serial Entrepreneur and Investment Specialist, Alex Soltani

    LOS ANGELES, CA / ACCESSWIRE / July 16, 2018 /Phillip Sarofim, Founder and CEO of PS Ventures (www.psventures.com) has been appointed to serve as a member of the Advisory Board for Skyview Capital, LLC (http://www.skyviewcapital.com/) , a global private equity and venture capital firm. Announcement of the appointment was made by Alex Soltani, Chairman and CEO of Skyview Capital. Headquartered in Los Angeles, Skyview Capital specializes in the acquisition and management of companies engaged in technology, telecommunications, business services, and niche manufacturing.

    Sarofim joins the Skyview Advisory Board with an extensive career in financing, acquisitions, business management and branding. As CEO of PS Ventures, Sarofim has completed investments in a range of business enterprises that span technology, entertainment and consumer products. In his Advisory Board member role, Sarofim will help consult in the areas of originating, analyzing and completing acquisitions.

    “Phillip’s distinguished career encompasses business growth and brand-building achievements across a wide spectrum of industries. We are pleased to have Phillip Sarofim join our Advisory Board and contribute his keen expertise towards furthering Skyview Capital’s acquisition and partnership objectives,” said Soltani.

    About PS Ventures:

    PS Ventures is a privately-held investment firm with an ownership portfolio that encompasses a variety of companies involved in technology, IT management, food manufacturing, lifestyle consumer products, film & television production and child development products. Visit www.psventures.com.

    About Skview Capital, LLC:

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

    CONTACT:

    Steve Syatt

    SSA Public Relations

    steve@ssapr.com / (818) 223-1022

    SOURCE: SSA Public Relations

  • ZephyrTel Welcomes Three New Companies into Its Portfolio of Software Products Serving the Global Telecommunications Sector

    Read Original Article Here: https://www.businesswire.com/news/home/20180710005025/en/ZephyrTel-Welcomes-New-Companies-Portfolio-Software-Products 

    LONDON–(BUSINESS WIRE)–ZephyrTel, a new ESW software company, dedicated to serving the global Telecommunications and Cellular industry, is pleased to announce it has acquired three new companies into its portfolio – VoltDelta, PeerApp and Mobilology, effective immediately.

    ZephyrTel is building a world class Telco Practice, which provides a multi-solution and services proposition to the global Telco industry.

    The firm’s objective is to offer Software and SaaS solutions across a Telco company’s IT estate; from infrastructure right across to customer experience. This, coupled with its high level of industry domain expertise, will enable ZephyrTel to offer consultancy on both business strategy, and technology execution.

    Having already acquired several Telecom software companies, ZephyrTel is currently adding to its portfolio, at pace. Its newly acquired products will be marketed by their valued, familiar product names and sit under the ZephyrTel corporate brand. The company’s ambition is to build a Telco Software Group of circa $1 Billion in the medium term.

    The software company will be utilising ESW’s state of the art software development and performance improvement processes, to offer the industrys’ highest levels of installation stability and throughput. Additionally, 24/7 support, and high quality global Services coverage, will enable ZephyrTel to deliver enhanced levels of business value for technology investment.

    The firm aims to offer the lowest Total Cost of Ownership (TCO) and superior Customer Value through its established, “tried and tested”, Customer Value programmes.

    ZephyrTel CEO, Mike Shinya, commented; ‘”We see a great opportunity to serve the global telecommunications software market, from smallest to the largest of companies. The acquisition of VoltDelta, PeerApp and Mobilogy will significantly strengthen our portfolio. It is a great privilege to bring these organisations and their customers, to the ZephyrTel family.”

    About VoltDelta

    VoltDelta delivers cloud and premise-based, multichannel contact centre solutions, intelligent automation and data-driven contact management to optimize the customer journey. VoltDelta rapidly tailors and integrates its solutions to enable customers to increase revenue, boost retention and reduce operating costs while taking advantage of proven scalability and reliability. VoltDelta is part of NewNet Communication Technologies. For more information, please visit: www.voltdelta.net.

    About PeerApp Ltd

    Founded in 2004, PeerApp delivers award-winning open content caching solutions, including content localisation and caching, live streaming delivery, application and data acceleration, smart traffic management, QoE enhancement and congestion relief across all networks. Local content delivery solutions help operators generate new revenue opportunities. For more information, visit www.peerapp.com.

    About Mobilogy

    Mobilogy, formerly Cellebrite Mobile Lifecycle, is a world leader in providing Operators, Retailers and Aftermarket Service (AMS) Providers, with advanced mobile lifecycle solutions to enhance the customer experience, improve satisfaction, reduce cost, and generate revenue. With delivery channels in-store, on-device, and over the web, mobile retailers can take advantage of Mobilogy’s full suite of mobile lifecycle solutions: diagnostics, phone-to-phone content transfer, backup, restore and wipe, automated phone buyback, and application and content delivery. In addition, Mobilogy offers retailers monitoring, statistics and analysis of all activities. Mobilogy’s global leadership is demonstrated through its deployment of over 150,000 units at more than 200 mobile operators and retailers globally, representing well over 100,000 stores and handling hundreds of millions of transactions per year. For more information, visit www.mobilogy.com.

    Contacts

    ZephyrTel
    Mike Shinya
    CEO
    mike.shinya@zephyrtel.com
    or
    Martyn Lambert
    SVP Products & Marketing
    martyn.lambert@zephyrtel.com

  • Skyview Capital Acquires SchoolKidz.com from Staples, Inc.

    Skyview Capital to acquire market leading school kit provider with a focus on accelerating growth, innovation and market penetration

     

    SchoolKidz.com provides kitting solutions for elementary and middle-school students through various parent (PTA/PTO), school and charitable organizations. The SchoolKidz Teacher Tailored offering provides school supply kits to over 3,000 schools nationwide.

    SchoolKidz also operates KitsforKidz.org, a program serving non-profit organizations. Organizations select KitsforKidz to provide essential goods for both educational and humanitarian purposes. During some of the recent natural disasters, SchoolKidz provisioned thousands of kits to those in need.

    Following Staples’ acquisition of SchoolKidz.com ten years ago, the Company emerged as a leading provider of school supply kits as well as an innovator in providing kits to non-profit organizations. With financial and operational support from Skvyiew, Schoolkidz.com will continue to build on its position as a market leader.

    “We are very pleased to announce the closing of SchoolKidz.com, a technology-enabled market leader in kitting solutions for educational and charity-based organizations nationwide”, said Alex Soltani, Chairman and CEO of Skyview Capital.  “Skyview’s deep operational expertise will help modernize and accelerate growth of this new investment. Financial support from Skyview will enable the Company to expand its existing product portfolio as well as gain even greater market share through consolidation of a fragmented industry.  We are excited about our partnership with the existing management team and look forward to providing them with the tools necessary to efficiently and aggressively grow this business.”

    Rick Bigelow, Senior Vice President at Skyview and Executive Chairman of Schoolkidz.com, said “I am excited about the acquisition of SchoolKidz and look forward to continuing to serve our thousands of PTA/PTO and Charity organizations. We are committed to working with the SchoolKidz team to enhance the Company’s existing capabilities, bolster its leading market position via follow-on acquisitions, and, ultimately, deliver the best in class products to our customers.”

    “I am excited to work with Skyview Capital going forward as the President of SchoolKidz, supporting parent and non-profit organizations as we have for nearly two decades,” Jim Mulder, former Executive Director under Staples and current President of Schoolkidz. “Our goal as an organization is to continue to provide the highest quality product and level of service that our customers have become accustomed to, with no disruption to their programs.”

    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 whereby it has acted as a partner to corporations and other stakeholders experiencing a strategic transition or liquidity event. Visit http://www.skyviewcapital.com.

  • GrowthCap’s Top 40 Under 40 Growth Investors Of 2017

    read original article here: https://growthcap.co/top-40-under-40-2017/

     

    GrowthCap’s Top 40 Under 40 Growth Investors Of 2017

    ALEX SOLTANI 

    Firm:  Skyview Capital

    Title:  Founder and Chairman 

    21.-Alex-Soltani-1-263x300

    Alex founded Skyview 13 years ago, prior to which he worked at Platinum Equity. Since inception, Skyview has completed over 30 transactions and has exited 13 of its portfolio companies. With a heritage of executing complex corporate carve-outs in the enterprise software and telecom space, Alex has developed significant expertise in driving operational best practices and accelerating growth through strategic add-on acquisitions. For example, Skyview acquired Syncplicity in 2015 at a point when it was burning a significant amount of cash. Within 18 months, Skyview assisted in rightsizing the business, optimizing sales and marketing, and accelerating revenue growth. Skyview successfully sold Syncplicity to Axway in February of 2017. Alex recently launched Skyview Ventures which focuses on earlier stage disruptive technology investments.

    “I enjoy working with businesses that we feel have untapped yet significant potential; we like to think of ourselves as a hybrid financial/operational resource that founders, management teams and stakeholders alike can leverage for growth. Although it can be a significant undertaking, there is a deep sense of satisfaction that comes with taking a historically stagnant, mature, or underperforming business and unlocking its true inherent potential. At Skyview, we provide a unique and differentiated solution to large multinational corporations, business owners and any stakeholders who need help realizing value in their business. Many publicly traded companies within the Fortune 2000 community enjoy working with us because of our ability to quickly execute on some very complex corporate carve-outs with minimal disruption to their internal processes, employees and customers. We also work closely with founders and management teams to identify organic growth initiatives by driving operational best practices, while also combing for add-on strategic acquisitions to further accelerate that development.” – Alex Soltani, Skyview Capital

  • Meet the new leader of Digital Fuel: Mark Jancola

    By Kristiana Lockman  |  February 22, 2018

    Read original article here: https://www-apptio-com.cdn.ampproject.org/c/s/www.apptio.com/blog/meet-new-leader-digital-fuel-mark-jancola?amp

     

    When I sat down with Mark Jancola earlier this month, he was just transitioning to his new role as VP and GM of Apptio’s Digital Fuel business. Mark is well known at Apptio, having built the product engineering team, product offerings, and technical operations necessary to take the company from initial startup to one of the fastest growing enterprise software companies in history. 

    If you haven’t met this engaging leader, here’s what you need to know.

    Mark, what excites you most about the coming together of these two companies, Apptio and Digital Fuel?

    My excitement is really driven by our customers and how much MORE value and leverage they will get from this technology business management superpower. I look forward to the new conversations we can have with them.

    What I feel most energized by is the idea that we now have two very smart and experienced teams working to offer powerful costing, planning, benchmarking, and insights solutions that engage and delight our customers. This is a meaningful multiplier of TBM knowledge that will be applied to customers and offered to the market.

    What makes you uniquely qualified to assume the leadership helm at Digital Fuel?

    I think it’s a combination of factors. I grew up with the customer as we introduced and evolved TBM so I bring that experience and knowledge to the table. I also helped build the Apptio product portfolio and know it intimately.

    But really, though I have a developer’s background, the unique benefit I bring is that I lead by developing people. And when you bring two companies together, especially two companies that have competed in the past, the ability to connect people and teams, to make them feel welcome, and to encourage and support their high-performance capabilities is key to leadership success.

    During times of transition, it’s critical to maintain the focus on what really matters—the customer. Over time, as our teams integrate, strong leadership will keep everyone focused on moving the ship forward.

    How has your engineering background prepared you for this role?

    The bottom line is that engineers have a very organized thought process and are oriented toward preventing problems. When we encounter challenges, we are supremely focused on deconstructing and solving them in a rational way. And we are very clear and direct when we communicate this information.

    Candidly, there are so many different facets of the Digital Fuel product line around which Apptio had made assumptions. And the reverse is also true: there are things that the Digital Fuel team perceived about Apptio that will change as we become more transparent with each other. As the leader of this merging team, I will help identify and deconstruct these things so that we leverage our strengths as we move forward.

    How do those two sets of skills, the pragmatic system thinker and the people person, come together to benefit this team?

    It’s just experience. I’ve been in the industry for almost 30 years, and I’ve been a part of so many teams. Big and small, from five-person teams to very large groups that span the globe. Experience bringing those folks together to meet common objectives and produce customer-worthy solutions has fused those skills together in a very positive way.

    How do you define your leadership style?

    My style is all about context. We set goals for what we want to do but without an understanding of how that impacts our team, the business, and the customer, it’s difficult to deliver on those goals. I’m here to make sure the context is clear because knowing where you are and where you want to go is a critical foundation for the actions that we take.

    I guess you could say my style is transparency. I’m a great listener and I’m willing to invest the time to really understand the strengths of the team. Why? Because in my experience, this always leads to new ideas, inspiration, and product innovation.

    As an organization gets larger, there can be a temptation for the enterprise to tamp down inspiration. How do you keep innovation top of mind?

    That’s a true statement. The larger an organization grows, the bigger the chance an “old way/new way” dilemma can develop. Fear of trying something new or doing something differently can limit a team. I have a couple of strategies for minimizing this:

    • Provide as much autonomy as possible at the team level. To develop leaders in each area of the business, you’ve got to support accountability and encourage leaders to own their areas of expertise. The smaller the team, the more nimble and open to new ideas they can be.
    • Create safe spaces for new ideas. It’s important to have an ongoing forum where small teams can contribute their ideas in a flat operating model. In other words, you don’t want ideas that just flow up the management chain and get sifted out. Instead, it’s important to let ideas come out around a table, where everyone can evaluate them.

    That’s the crux of it. People need to feel they can experiment and try new things, so that sense of autonomy needs to be embedded in the culture. The teams I’ve led at Apptio are all composed of six people or less—designed to operate independently yet maintain a federation to achieve large-scale outcomes.

    We also encourage “hackathon” events to allow people to take time out of their regular schedules to explore new ideas.

    What do you think will be the biggest game-changer for technology teams in the next few years?

    Self-modifying software. Software technology is evolving fast—so fast that soon it will be common for code to modify itself or generate new code on the fly based on real-time inputs and analysis.  We’re seeing the front end of this with the AI/machine learning phenomena.

    Here are the things I believe will enhance our offerings over the next few years:

    • Machine learning. Everyone’s working to understand AI and strategic automation that better leverages data and provides insights to customers. A great (hypothetical) example might be the correlation between dynamic provisioning of cloud compute in a financial services company and a rise in interest rates. Machine learning helps us understand the relationship between IT spend and business impact.
    • Smarter analytics. Establishing a positive feedback loop allows you to continually evaluate what people do with your software and work to provide new levers to improve products and processes. This constantly inspires changes to what you do and how you do it.
    • Agile processes. Agile development has really changed the way products and services are delivered. At its core, agile is about breaking down work into small chunks so that you can prioritize and deliver more nimbly. This change has been profound, and now we’re trying to solve the “transparency” challenge of aligning the delivery of incremental value to long-range goals.  How can you be sure you are on track to meet an annual objective during each two-week sprint cycle?  We want to help customers adapt to these changes and excel at their jobs in this new paradigm.
    • Customer focus. Understanding how customers use products and extract value from them continually shapes the game, providing ongoing pressure to evolve and be better at what you do. The more you know about the customer and the processes that are running their businesses, the better positioned you are to leverage technology advances to provide solutions that really address their goals and objectives.

    What is the primary advantage of the Digital Fuel acquisition for the marketplace? 

    Whenever you combine two like-minded teams that are considered best in the field, it raises the bar for everyone. That’s what we’ve done here. Think about what outstanding advances a team with this level of depth and skill can bring to the TBM market. What you will see is even more innovation and expanded capabilities for customers.

    How do Apptio and Digital Fuel’s product offerings complement each other? 

    Digital Fuel brings Service Level Management capability to the Apptio market, which has some natural synergies with Apptio Vendor Insights. We are excited to explore the opportunity to enhance this product offering.

    For IT costing, Digital Fuel has innovated some exciting ways to get data into the system and we look forward to bringing that to customers. In turn, Apptio brings unparalleled expertise in data modeling to Digital Fuel customers.

    There are many opportunities to leverage each other’s strengths as we unify our functional capabilities and innovate in new directions.

    Tell us something about yourself that isn’t on your resume.

    You might not know that for many years, I was a competitive road cyclist, participating in races throughout the Pacific NW and even across the U.S. I once trained for a week in Spain with Tour de France winner Stephen Roche. That was a phenomenal experience and something I will never forget.

    I still ride but today I’m more into wakeboarding. In the summer, I spend as much time wakeboarding as my schedule will allow. In fact, we have an Apptio club that meets on the dock at 6am in the summertime to do a couple of runs before we head to work. It’s a great way to start the day.

    My “not-so-secret” secret is that I am a family guy at heart.  Although two of my three kids (twins!) are about to graduate from college, the “Dad” hat is always the one I’m going to choose first. I’m game for any activity with my kids, anytime, anywhere.

    More questions for Mark? Email him here or find him on LinkedIn.

  • NewNet Communication Technologies Showcases Revolutionary Cloud-based Secure Payment Transaction Solution at GSMA MWC Barcelona

    Read original article here: http://www.prweb.com/releases/2018/02/prweb15236709.htm#! 

    NewNet’s STC solution is a virtualized payment transaction application designed for public, private or hybrid cloud use. It allows for faster migration to cloud-based infrastructures for a broad spectrum of payment ecosystems, network operators and telecommunication companies. With advanced data security, point-to-point encryption and tokenization for facilitating the end-to-end security of payment transactions, the STC is a highly secure alternative to costly legacy Hardware Security Modules (HSMs) and switching hardware.

    Available on Amazon Web Services (AWS) Marketplace, NewNet’s STC empowers MNOs, Cloud Service Providers, and Payment Service Providers for Internet and mobile payment transactions.

    The Secure Transaction Cloud (STC) virtualized payment transaction solution is demonstrated at NewNet’s Booth at GSMA Mobile World Congress. The demo will be featured on Spire Payments’ Point of Sale (POS), Smartphones, Tablets and Laptop based transactions conducting mobile and Internet payments.

    To ensure seamless migration from legacy infrastructures, NewNet’s STC provides a carrier grade payment solution with a comprehensive set of features and benefits:

    • High security
    • Faster completion of transactions
    • Scalability with rapid creation of additional instances
    • Assured performance
    • Economic deployment with pay per use models
    • Reliability for seamless continuous usage of critical functions

    “NewNet’s STC solution enables Mobile Network Operators and Cloud Service Providers with one of the most innovative and advanced payment applications available on the market today. Migration from legacy infrastructures is seamless, we are able to exceed payment security requirements while at the same time realize it significant cost savings.” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “This new delivery platform from NewNet presents the MNOs and CSPs with a powerful solution to generate new revenues from the ever expanding mobile and internet payment segments”.

    NewNet’s team of experts will be on hand at GSMA Mobile World Congress (Booth #8.1K61) to explain the features of the Secure Transaction Cloud (STC), show demos and discuss successful implementations. To arrange an onsite meeting, please email Devarajan.puthupparambil@newnet.com

    NewNet’s STC solution can be accessed at AWS Marketplace here:
    https://aws.amazon.com/marketplace/pp/B076D9HY55

    Additional Resources

    About NewNet Communication Technologies  
    NewNet Communication Technologies is a leading provider of innovative communication and payment solutions. NewNet’s global customer base includes next generation mobile and fixed line networks, secure transaction transport, enabling global telecom operators, acquirers, processors, financial institutions and enterprises to rapidly develop and deploy cutting edge revenue generating applications that deliver feature-rich, value added services. NewNet Secure Transactions (NST) BU offers secure Payment transaction routing, switching, transport solutions. NewNet’s payment systems powers over 25% of all global payment card and digital transactions, worldwide. NST’s latest solution of Secure Transaction Cloud (STC) offers virtualized secure payment applications for transaction transport in cloud with specific Virtual Network Functions for Security, Transaction protocols, P2PE, Tokenization, Host Interfaces, Load Balancing etc. for a wide range of payment types including Internet payments, mobile payments, POS/mPOS based transactions and variety of eCommerce, mCommerce payments with PCI compliant HSMs

     

  • Apptio, Inc. Completes Acquistion of Digital Fuel From Skyview Capital

    Read original article here: https://www-geekwire-com.cdn.ampproject.org/c/s/www.geekwire.com/2018/apptio-acquires-former-vmware-spinoff-digital-fuel-42-5m/amp/ 

    Bellevue, WA. (February 2, 2018) – Apptio, Inc. (NASDAQ: APTI), the business management system of record for hybrid IT, today announced it has completed the acquisition of Digital Fuel SV, LLC, a provider of IT business management (ITBM) tools. With the acquisition of Digital Fuel from global investment firm Skyview Capital, Apptio further extends its leadership of the $6 billion Technology Business Management (TBM) market. Today’s acquisition broadens Apptio’s customer base across both strategic and enterprise segments in the Global 10,000 and adds new product capabilities.

    With this move, Apptio’s cloud-based applications will help more than 550 licensed customers manage, plan and optimize their technology investments across on-premises and hybrid IT environments. This acquisition will also provide opportunities to deepen Apptio’s integrations with leading financial, service management, systems management, and public and private cloud vendors. Now, Apptio’s more than 800 employees are solely focused on helping CIOs, IT finance leaders, and infrastructure and operations professionals manage the business of IT.

    “Since Apptio’s founding in 2007, we’ve been deeply committed to creating a long lasting software category relevant to every organization, regardless of size or geography,” said Sunny Gupta, CEO of Apptio. “We are invested in the ongoing success of Digital Fuel customers and our combined customer base will have access to the most advanced innovation in TBM. Additionally, our partnership with the nonprofit TBM Council will provide unparalleled industry support to help ensure every customer’s success.”

    Digital Fuel was founded in 2000 as a service level management provider and expanded in 2008 to include IT financial management solutions. In 2011, Digital Fuel was acquired by VMware and integrated with VMware’s cloud management and infrastructure products to help provide customers with transparency and control over costs and quality of IT services. In 2016, Digital Fuel was acquired by private investment firm, Skyview Capital.

    As part of the Apptio family, Digital Fuel will operate as an independent business unit with continued support and investment for the Digital Fuel product line. Digital Fuel customers will also have the ability to leverage new product innovation from Apptio’s product family. Apptio customers will also benefit from existing Digital Fuel product capabilities, including service level management and a deep integration with VMware vSphere and cloud management solutions.

    Alex Soltani, Skyview Capital Chairman says, “We are very excited about this transaction. We feel the combination of Digital Fuel and Apptio will create the leading platform for TBM globally.”

    More detail on this news will be provided on Apptio’s 4th quarter earnings conference call, scheduled for Monday, February 5, 2018. Further call information can be found here.

    About Apptio

    Apptio (NASDAQ:  APTI) is the business management system of record for hybrid IT. We transform the way IT runs its business and makes decisions. With our cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. With Apptio, IT leaders become strategic partners to the business by demonstrating value of IT investments, accelerate innovation and shift their technology investments from running the business to digital innovation. Hundreds of customers choose Apptio as their business system of record for hybrid IT. For more information, please visit www.Apptio.com

    About Digital Fuel 

    Digital Fuel, a business unit of Apptio (NASDAQ: APTI), provides Technology Business Management (TBM) software designed to help IT leaders deliver more business value from every dollar spent on IT. To learn more, please visit www.DigitalFuel.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

    Forward-Looking Statements 

    This release contains 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 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the potential benefits of our acquisition of Digital Fuel SV, LLC, the potential benefits of the acquisition for our customers and Digital Fuel’ customers and the potential benefits of our relationship with VMware. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements, including, among others, our ability to successfully integrate Digital Fuel as an independent business unit, as well as those risks and uncertainties included under the caption “Risk Factors” and elsewhere in our filings with the U.S. Securities and Exchange Commission, including, without limitation, the Form 10-Q filed with the SEC on October 31, 2017.  All information provided in this release is as of the date hereof, and we undertake no duty to update this information unless required by law.

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