YEARLY ARCHIVES
  • King Teleservices partners with Continuum Labs to develop innovative Contact Center Solutions.

    Read original article here: http://www.prweb.com/releases/king_teleservices_partners_with_continuum_labs_to_develop_innovative_contact_center_solutions/prweb16382312.htm

    King Teleservices, a Continuum Global Solutions LLC company, today announced that it has partnered with Continuum Labs to develop contact center technologies for the municipal/public sector industry.

    King provides Call Center services to enterprise and local government customers in the United States. Based in Brooklyn; King’s customer base includes the City of New York and Publisher’s Clearing House. King has had a long stand standing relationship with the City of New York as a provider of 3-1-1 call center services to its residents. King provides services to clients in the municipal, financial industries. King has experience with surveys, outbound calling, public health notifications. King has experience with voice, text and omnichannel contact center technologies.
    Gur Saran Das, who leads Continuum Labs in Bangalore, India says “We are excited to partner with Rajesh Bajaj’s team at King Teleservices. We see opportunities to improve efficiency through automation technologies.”

    “We are excited to have King work with Continuum Labs. Gur Saran Das’ global team is helping to develop internal and external tools for King Teleservices. Areas that they are assisting include Robotic Process Automation, agent recruitment and retention, and other tools for automating contact center workflows,” said Rick Bigelow, Senior Vice President of Skyview Capital.

    “We are excited to work with The Continuum Labs team to find novel solutions to digitize the call center. King has a long history of being able to leverage data we gather through our operations and successfully optimize delivery of service on behalf of our clients. The additional automation technologies that Continuum Labs adds to our mix will help us further our mission of delivering cost effective customized solutions that generate marked improvements in customer service satisfaction that our clients have come to appreciate and seek from us as their experts in the field of service delivery through the contact center channel, ” said Rajesh Bajaj, President of King TeleServices.

    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 http://www.skyviewcapital.com.

    About King Teleservices, LLC
    King TeleServices is a leading call center business based in Brooklyn, NY. King has a team of over 300 professionals, providing 311 and other call center services to corporate and municipal clients in the United States. More information can be found at https://www.continuumgbl.com/king-teleservices.

    About Continuum Global Solutions, LLC
    Continuum Global Solutions “CGS” customer care services and call centers have been embraced by top companies worldwide. Our Fortune-500 clients rely on our vast expertise in customer care management. CGS customer care and call center solutions leverage world class voice, chat, email, and social technologies. We have over 15,000 employees in major international markets and serve tier 1 clients across multiple industry verticals. More information can be found at http://www.continuumgbl.com.

  • Skyview Capital Carves A Niche In Corporate Carve-Outs

    Posted Wednesday, June 12, 2019. Read original article here: https://bhcourier.com/2019/06/12/skyview-capital-carves-a-niche-in-corporate-carve-outs/ 

    By Alex Soltani, Chairman and CEO of Skyview Capital, LLC

    Skyview Capital has emerged as a recognized global private equity firm, and has earned an international reputation for its specialization in corporate carve-outs. 

    From its Century City headquarters, Skyview has executed over 30 transactions to date and now closes an average of 3-4 acquisitions per year, focusing on companies within the Technology, Telecom, Services and Consumer sectors.  Skyview started investing in carve-out transactions in 2005.

    Corporate carve-outs can be the right solution for large companies facing the problem of underperforming subsidiaries.  Unprofitable subsidiaries will oftentimes distract from the company’s core business, and it’s often an epiphany for CEO’s when they discover firms such as ours that want to acquire these operations. 

    Skyview Capital’s approach to carveouts is a win for all parties involved – the parent company, the subsidiary’s employees and investors. Once finalized, the parent can continue to focus on its core business while subsidiary employees enjoy the extra attention afforded their new stand-alone company.  The HR department is spared the time and energy associated with employee terminations, and the parent company does not have to incur the related costs or negative public relations impact.  And shareholders appreciate the divestiture for two primary reasons: it allows the management team to be laser-focused on delivering value in the core business, and it removes a low margin, low growth, potentially money-losing business from the portfolio. 

    Skyview structures carve-outs that are customized to meet the specific business objectives of parent companies.  The company’s acquisition approach provides the parent with speed and certainty to close, the subsidiary with a focused and experienced owner that supports its growth with extensive operational infrastructure and expertise, and the employees with a new home – a combination that truly resonates with corporate sellers.

    The process of purchasing a carveout has many similarities to purchasing a stand-alone business.  Carve-out buyers begin by performing due diligence on the carved-out unit, including a review of the division’s finances, management team, sales, and marketing strategy, product roadmap, intellectual property, and off-balance sheet liabilities (e.g. pension obligations, litigation).

    Oftentimes, the unit was not operated as a completely stand-alone business by the parent which leads to the carved-out unit not having a full set of standalone financial statements. In some deals, the seller provides a carve-out audit of the unit. Carve-out audits estimate the revenues and costs directly attributable to the business as well as the “corporate allocations” or costs that are part of the services provided by the corporate parent. It is also necessary for the buyer to understand exactly what staff, locations, products, and other assets are included in the transaction (as opposed to being left behind with the corporate seller).

    Similar to traditional acquisitions of stand-alone businesses, transactions can be structured as asset or equity purchases. Once terms have been negotiated and closing conditions have been satisfied, the buyer can take ownership of the carved-out division. After the business is legally transferred from the parent to the buyer, then the real work begins as the buyer must stand the business up on its own while at the same time make the necessary changes to the underlying business to bring it to optimal performance.

    When a business is carved out of a corporate parent, it oftentimes is delivered without the full back office functionality one would typically find in a stand-alone business. After the deal closes, it is necessary to quickly put these back-office functions into place. Failure to have support functions in place can lead to problems in running and growing the newly carved out business. As part of the terms of sale, the existing parent frequently offers to provide back-office services for a pre-determined period of time via a “Transition Services Agreement.”

    These agreements typically run from several months to a year and provide a smoother transition as the long-term, permanent support functions are put into place. It is also necessary for the firm to engage auditors and other professionals to assist with some of the normal back-office compliance.

    While the back-office is being built up, it is necessary to develop a budget and longer-term strategic operating plan to provide direction for the business.  For example, some parts of the carved-out business may need to be shut down or divested, and the management structure may need to be adjusted. It is helpful to execute the restructuring soon after closing to minimize ongoing disruption to the business. 

    Once the business has been carved out from the parent and has its supporting departments stabilized, the new company can start to execute its strategic plan. Immediately upon a change of control, it is imperative to clearly communicate to key stakeholders (lenders, vendors, customers, employees) that the business has changed ownership and will continue to operate in ordinary course (if not better). This will help to ensure a smooth transition to operating as an independent entity.

    Corporate carve-outs can be beneficial transactions for both the seller and the acquirer. Relative to acquisitions of stand-alone businesses, corporate carveouts pose unique challenges. Understanding and planning for key steps in the process can increase the likelihood of a successful outcome for all parties involved.

  • NewNet and Bleu Announce Plans to Collaborate on Innovative, Next Generation Payment Applications

    Sesie Bonsi, CEO of Bleu says of the Partnership, “We are pleased to work with NewNet Secure Transactions. NewNet has 20-plus years of experience, serving some of the most established names in electronic payments. Their experience and customer base combined with Bleu’s innovative, next-generation Point-of-sale and payment solutions will bring a new paradigm to the world of payments.”

    Krishna Viswanadham, President of Secure Transactions says, “We are excited by this partnership to offer NewNet’s industry leading cloud based STC application for secure routing of transactions from Bleu’s payment accepting solutions with several leading Processors. We see lot of opportunities for integrated payments and value-added loyalty services in multiple financial and non-financial vertical industries.”

    NewNet serves some of the largest payment companies in the world and sees an opportunity to work with Bleu on new payment experiences for large enterprise clients, fans, and customers.

    The combination of our two companies’ technologies is a disruptive force in payments. NewNet Secure Transactions has a patent pending payment encryption and routing system.

    Bleu has developed a patented Bluetooth payment and engagement platform that allows customers and fans to pay anywhere, anytime.

    The firms plan on deploying these payment capabilities in early 2020.

    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. More information is available at http://www.securetransactionscloud.com

    About Bleu Tech Enterprises
    Bleu’s business process management software allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, financial services and human resources.

    Merchant’s have access to the full suite of applications from account & payments, HR, compliance, IT, retail operations, Inventory and CRM.

    The Bleu Point of Transaction (PoT) network allows customers to pay wherever, whenever. A universal payment gateway, leveraging Bluetooth and enabling all forms of payment including mobile to mobile and chip cards, and a mobile platform for customer loyalty and engagement.

    With each transaction through our patented method, the merchant is able to use in-store analytics and specific payment data to deliver a personalized shopping experience back to the customer.

    For more information go to http://www.bleuco.com

  • Behind Skyview Capital’s carve-out expertise is Founder and Chairman, Alex Soltani, and a team of more than 20 professionals in operations, business development and deal execution.

    By California Business Journal Staff.

    What is a carve-out? Well, it’s an intriguing and innovative option for companies investigating strategies for non-core, potentially underperforming or unprofitable subsidiaries. Only a handful of companies specialize in this space. One of them is Skyview Capital, a Century City, Calif.-based investment firm.

    Behind the company’s carve-out expertise is Founder and Chairman, Alex Soltani, and a team of more than 20 professionals in operations, business development and deal execution. Soltani formed Skyview Capital following his tenure at Los Angeles-based private Platinum Equity, a multi-billion dollar private-equity firm specializing in corporate divestitures, public-to-private transactions and private sales. Soltani previously headed up All Digital Communications, a nationwide B2B wireless telecommunications provider where he forged alliances with several of the largest national wireless carriers.

    With its unique carve-out strategy, Skyview Capital closes an average of 3-4 transactions per year. The firm has completed nearly 30 transactions in technology, telecommunications, business services and niche manufacturing sectors since its inception in 2005.

    “When large companies consider options for non-core, potentially underperforming subsidiaries, the best solution could very well be the sale of that business, otherwise known as a corporate carve-out,” Soltani says.  “Non-core, potentially unprofitable subsidiaries can distract from the core business; it often is an epiphany for CEOs when they discover firms such as Skyview that want to acquire these operations.

    Skyview sources opportunities through direct ongoing communication with senior executives at Fortune-1000 companies and smaller enterprises. At the same time, Skyview receives consistent inbound leads from investment banks, accountants and lawyers.  Trade shows and conventions are another resource for discovering ‘carve-out’ opportunities.

    Examples of recent Skyview Capital carve-out deals include Continuum Global Solutions, a global customer contact center business acquired from Conduent, Incorporated; SchoolKidz, a nationwide, award-winning school and emergency kit company acquired from Staples, Inc.; and Digital Fuel, an IT business management software business acquired from VMware, Inc.

    “Acquiring carved-out business units can be more challenging and nuanced than buying existing standalone businesses,” Soltani says.  “Buyers that are not carve-out specialists oftentimes don’t possess the necessary infrastructure to operate the new stand-alone business and will need to rely on the corporate parent for legal, human resources, finance/accounting and other services.  It is rare that private equity buyers have the knowledge and experience base to understand the potential pitfalls associated with the many challenges and nuances inherent in operating a newly carved-out business.”

    Since Skyview Capital’s focus is carve-outs, the company is able to execute these transactions in ways that result in a win for all parties involved – the parent company, the subsidiary’s employees and investors.  “Our parent company is better positioned to focus on its core business and potentially avoids the negative public relations impact of shutting down a business,” Soltani says. “The subsidiary’s employees will receive the resources and attention necessary to optimize the business and the HR department is spared the time and energy associated with employee terminations.  Shareholders are supportive of the divestiture because it frees the management team to focus on delivering value to the core business and potentially removes a lower margin, lower growth, potentially money-losing business from the portfolio.”

    The stages involved in a Skyview Capital carve-out include identifying the deal opportunity, conducting due diligence on the business, structuring the transaction, finalizing deal documentation as well as the Transitional Services Agreement (TSA), and closing the transaction.

    Skyview then “stands up” the business while building out the corporate back-office operations. As a private-equity buyer that has focused on acquiring non-core businesses for 15 years, Skyview is able to structure carve-outs customized to meet the specific business objectives of parent companies.  “Companies engaging with Skyview Capital on carve-out transactions quickly come to recognize the substantial advantages inherent in working with the Century City firm,” Soltani says.

    “We bring leadership and management in all areas of operations to support the full back office functionality required to operate a stand-alone business.  Our operational teams help stabilize new carve-outs, work in tandem with company executives to ensure a smooth transition, and then develop as well as execute a strategic plan.”

  • Continuum Global Solutions, LLC Expands Its Growing Call Center Operations With Acquisition of King TeleServices

    Read original article here: https://www.prnewswire.com/news-releases/continuum-global-solutions-llc-expands-its-growing-call-center-operations-with-acquisition-of-king-teleservices-300832331.html

    LOS ANGELESApril 16, 2019 /PRNewswire/ — Global private investment firm Skyview Capital, LLC has added to its Continuum Global Solutions Contact Center platform with the acquisition of Brooklyn, NY-based King TeleServices from AST Financial. Terms were not disclosed.

    Continuum Global Solutions, LLC is an omni-channel contact center platform with more than 15,000 employees in 15 countries worldwide comprising customer care assets recently acquired from Conduent Incorporated (NYSE: CNDT).  King TeleServices will operate as a separate subsidiary under Continuum Global Solutions.

    A long-term provider of state-of-the-art contact center services to enterprise and local government customers throughout the United States, King TeleServices employs over 300 trained professionals delivering high quality customer care services 24/7.  In addition to such prestigious corporate clients as Publisher’s Clearing House, King maintains a long-standing relationship with the City of New York.  King provides services to NYC311, which delivers access to non-emergency City services and information about City government programs to residents.

    Beyond contributing incremental revenue and EBITDA to the Continuum Global Solutions call center platform, the King TeleServices acquisition provides an entrée into working with government entities and municipalities.  While Continuum Global Solutions will continue to service Fortune 500 corporate clients, King TeleServices will concentrate on the municipal sector.

    “We are excited to announce this acquisition, and we are looking to forward to growing the relationship with the City of New York,” said Alex Soltani, Chairman and CEO of Skyview Capital. “Millions of residents in New York City rely on 3-1-1, and we are proud to support this essential public service. By having Continuum and King in our Skyview Portfolio, we can leverage the best call center technologies to serve the call center needs of both corporate and municipal customers.”

    Jerry Kinnick, President of Continuum Global Solutions, said, “We are excited to have King TeleServices join Continuum. They have a keen understanding of how to successfully serve the government and municipal sectors. We look forward to sharing best practices between Continuum and King that will further benefit our current and future clients.”

    “We see a lot of opportunity to make investments in new technology that improves call efficiency and accuracy,” said Rick Bigelow, Senior Vice President of Skyview Capital. “We are eager to work with King’s current management team to implement a go-to-market strategy focused on both organic and inorganic growth.”

    “While King TeleServices has been an important part of our company for many years, this acquisition represents a positive next step in its evolution. As part of Continuum, King can deepen its work in the municipal sector, while AST can focus on its core businesses, including tech-enabled ownership data management and advisory services,” said Marty Flanigan, President & CEO, AST.

    “Skyview has the vision and operational experience to grow King into a major call center services provider,” said Rajesh Bajaj, President of King TeleServices.

    About Skyview Capital, LLC
    Skyview Capital, LLC is a global private investment firm headquartered in Los Angeles, California, that 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 25 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.

    About King TeleServices, LLC
    King TeleServices is a leading call center business based in Brooklyn, NY. King has a team of over 300 professionals, providing 311 and other call center services to corporate and municipal clients in the United States. King TeleServices is a subsidiary of Continuum Global Solutions, LLC. More information can be found at https://www.continuumgbl.com/king-teleservices.

    About Continuum Global Solutions, LLC
    Continuum Global Solutions “CGS” customer care services and call centers have been embraced by top companies worldwide. The company’s Fortune-500 clients rely on its vast expertise in customer care management. CGS customer care and call center solutions leverage world class voice, chat, email, and social technologies. Continuum has more than 15,000 employees in major international markets and serves tier-1 clients across multiple industry verticals. More information can be found at www.continuumgbl.com

     

    CONTACT
    Steve Syatt, SSA Public Relations
    steve@ssapr.com  /  (818) 222-4000

  • Corporate Carve-Outs: An Option For Maximizing Shareholder Value

    soltanifeature

    Alex Soltani, Founder & CEO of Skyview Capital, LLC, explains how corporate carve-outs can be beneficial for both sellers and buyers. 

    Professionally-executed corporate carve-outs are a win for all parties involved: – for the parent company, the subsidiary’s employees and for investors. Once finalized, the parent can continue to focus on its core business while subsidiary employees enjoy the extra attention afforded their new stand-alone company. The HR department is spared the time and energy associated with employee terminations, and the parent company does not have to incur the related costs or negative public relations impact. And shareholders appreciate the divestiture for two primary reasons: it allows the management team to be laser-focused on delivering value in the core business, and it removes a low margin, low growth, potentially money-losing business from the portfolio.

    [To read more of Alex Soltani’s thought leadership click here]

    Headquartered at 2000 Avenue of the Stars in Century City, Los Angeles, Skyview Capital currently maintains a team of over 20 investment professionals in addition to its portfolio roster of 17,000 employees. Founded in 2005, Skyview has executed over 30 private equity transactions and now closes an average of 3-4 acquisitions per year, focusing on companies within the Technology, Telecom, Services and Consumer sectors.

    As a private equity buyer that has focused on acquiring non-core businesses for the last ~15 years, Skyview is experienced in structuring carve-outs that are customized to meet the specific business objectives of parent companies. Our acquisition approach provides the parent with speed and certainty to close, the subsidiary with a focused owner who is ready and willing to support its needs, and the employees with a new home, a combination that truly resonates with corporate sellers.

    Acquiring carved-out business units is more challenging and often more nuanced than buying existing standalone businesses. Businesses purchased as part of a carveout often rely on the corporate parent for administrative and corporate services such as legal, human resources and finance/accounting. In addition, these businesses often rely on the underlying technology infrastructure of the corporate parent and, at times, even share customers with other business divisions of the parent company. It is rare that private equity buyers have the knowledge and experience base to understand the potential pitfalls associated with these challenges and nuances.

    The process of purchasing a carveout has many similarities to purchasing a stand-alone business. Carve-out buyers begin by performing due diligence on the carved-out unit, including a review of the division’s finances, management team, sales and marketing strategy, product roadmap, intellectual property, and off-balance sheet liabilities (e.g. pension obligations, litigation).

    Oftentimes the unit was not operated as a completely stand-alone business by the parent which leads to the carved-out unit not having a full set of standalone financial statements. In some deals, the seller provides a carve-out audit of the unit. Carve-out audits estimate the revenues and costs directly attributable to the business as well as the “corporate allocations” or costs that are part of the services provided by the corporate parent. It is also necessary for the buyer to understand exactly what staff, locations, products, and other assets are included in the transaction (as opposed to being left behind with the corporate seller).

    Similar to traditional acquisitions of stand-alone businesses, transactions can be structured as asset or equity purchases. Once terms have been negotiated and closing conditions have been satisfied, the buyer can take ownership of the carved-out division. After the business is legally transferred from the parent to the buyer, then the real work begins as the buyer must stand the business up on its own while at the same time make the necessary changes to the underlying business to bring it to optimal performance.

    As referenced above, when a business is carved out of a corporate parent, it oftentimes is delivered without the full back office functionality one would typically find in a stand-alone business. After the deal closes, it is necessary to quickly put these back-office functions into place. Failure to have support functions in place can lead to problems in running and growing the newly carved out business. As part of the terms of sale, the existing parent frequently offers to provide back-office services for a pre-determined period of time via a “Transition Services Agreement.” These agreements typically run from several months to a year and provide a smoother transition as the long-term, permanent support functions are put into place. It is also necessary for the firm to engage auditors and other professionals to assist with some of the normal back-office compliance.

    While the back-office is being built up, it is necessary to develop a budget and longer-term strategic operating plan to provide direction for the business. For example, some parts of the carved-out business may need to be shutdown or divested, and the management structure may need to be adjusted. It is helpful to execute the restructuring soon after closing to minimize ongoing disruption to the business.

    Once the business has been carved out from the parent and has its supporting departments stabilized, the new company can start to execute its strategic plan. Immediately upon a change of control, it is imperative to clearly communicate to key stakeholders (lenders, vendors, customers, employees) that the business has changed ownership and will continue to operate in ordinary course (if not better). This will help to ensure a smooth transition to operating as an independent entity.

    Corporate carve-outs can be beneficial transactions for both the seller and acquirer. Relative to acquisitions of stand-alone businesses, corporate carveouts pose unique challenges. Understanding and planning for key steps in the process can increase the likelihood of a successful outcome for all parties involved.

    Read original article here: https://csq.com/2019/03/alex-soltani-corporate-carve-outs-an-option-for-maximizing-shareholder-value/#.XIl4LS2ZOqB

  • Skyview Capital Completes the Acquisition of Select Customer Care Assets from Conduent Incorporated

    Skyview Establishes Continuum Global Solutions as New Corporate Brand to House Current and Future Customer Care Assets

    Read original article here: http://www.prnewswire.com/news-releases/skyview-capital-completes-the-acquisition-of-select-customer-care-assets-from-conduent-incorporated-300796107.html?tc=eml_cleartime

    LOS ANGELESFeb. 14, 2019 /PRNewswire/ — As previously announced by Conduent on Feb. 4, 2019, Skyview Capital, LLC (“Skyview”), a global private investment firm, announced that it has acquired select customer care assets from Conduent Incorporated (NYSE: CNDT) and formed Continuum Global Solutions (“Continuum”) to serve as the single brand to house and operate the newly formed business.  Terms of the acquisition were not disclosed.

    In addition to the portfolio of select standalone customer care assets acquired from Conduent, Skyview Capital is actively pursuing other customer care opportunities to integrate under the Continuum banner.  Today, the Continuum business generates approximately $500 million of revenue with a global workforce of approximately 16,000 employees.

    Continuum Global Solutions serves as a fully-integrated contact center platform combining advanced digital and cloud technology with highly trained, skilled professionals to manage millions of daily customer interactions. The operations united under the Continuum brand have been recognized for excellence in customer service by both its Fortune 500 client-base as well as from a wide array of prestigious independent third party research firms.

    Overseeing management of Continuum Global Solutions will be Darryl Smith, Skyview Capital’s President of Global Portfolio Operations as well as Rod Stoddard, Senior Vice President of Portfolio Operations at Skyview. Jerry Kinnick, who was the senior leader of the business prior to Skyview’s acquisition, will serve as President of Continuum, and brings over 20 years of industry experience to the role.  Several other highly experienced leaders will continue with the business as well.

    “We are excited to further expand Skyview Capital’s role as a leading force in the customer care industry with the formation of Continuum Global Services,” said Skyview Capital Chairman and Chief Executive Officer Alex Soltani. “Continuum begins operations with a global roster of Tier 1 clients in multiple  industry verticals serviced by a vast employee base located in key international markets. As always, we remain exceptionally focused on growing this business both organically and through value-added acquisitions which will allow us to provide even a deeper breadth of capabilities and services to our esteemed customer base.”

    Said Stoddard: “Our goal is to establish Continuum Global Solutions as a marquee destination for the ultimate in customer care services by uniting Skyview’s proven operational expertise with the skill sets and experience bases that Jerry and his team bring to the table.”

    “We are pleased to have Continuum Global Services join the Skyview portfolio, and we look forward to enhancing the business while providing unsurpassed service to our customers.  Skyview Capital’s team of operational professionals is excited to join forces with Continuum senior management to help maximize the potential of these world-class contact center solutions,” said Smith.

    “I am excited to join with our new partners at Skyview as we work together to deliver world-class customer contact services to our extraordinary customer base and to the many new clients we look forward to welcoming in the near future,” said Kinnick.

    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 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 over 25 transactions whereby it has acted as a partner to corporations and other stakeholders experiencing a strategic transition or liquidity event. Visit www.skyviewcapital.com.

    About Continuum Global Solutions:
    Continuum Global Solutions (“CGS”) provides inbound and outbound service offerings across voice (calls and interactive voice response) and non-voice (SMS, chat, social networks, and email) segments. CGS customer care services and call centers have been embraced by top companies worldwide. Visit www.continuumgbl.com.

    CONTACT:

    Steve Syatt

    SSA Public Relations

    steve@ssapr.com

    (818) 223-1022

  • Pr3vent, Inc. Completes Series A Financing Led By InFocus Capital Partners

    InFocus Partners’ Investment to Accelerate Development of Pr3vent’s Breakthrough Artificial Intelligence Eye Screening Tool for Newborns

     

    PALO ALTO, Calif.–(BUSINESS WIRE)– Pr3vent, Inc., a healthcare AI company developing machine vision for detecting eye disease in newborns, has closed a Series A financing led by InFocus Capital Partners, a venture capital fund specializing in the identification, capitalization and development of breakthrough and disruptive opportunities in the ophthalmic space. The announcement comes on the heels of a successful seed round in October 2018 led by the joint investment of Skyview Ventures and Trousdale Ventures.

    As many as nine percent of newborns have pathology related to eyes, which, if left untreated, can have a life-long negative impact on vision.1 To date, scalable technology capable of examining millions of newborns has not been available. Pr3vent’s screening tool is the first AI-based system designed to protect against vision loss in babies. The company’s breakthrough technology detects abnormality from non-invasive images of the baby’s retina with an algorithm that instantly identifies pathology and can trigger examination and treatment when it is most effective.

    According to market research firm Frost & Sullivan, healthcare leaders believe artificial intelligence will be a game changer this year. By the end of 2019, the firm predicts the market for healthcare IT applications using artificial intelligence is likely to reach $1.7 billion, a 68.5 percent increase of compound annual growth rate (CAGR) through 2022.

    “InFocus Fund I is proud to lead the current round of funding for Pr3vent. We value the company’s innovative AI platform and understand the importance of helping it succeed,” stated Ron Weiss, MD, managing partner of InFocus Capital Partners. “Their creation is at the forefront of AI technology in ophthalmology, and we believe it will help prevent avoidable vision loss in children.”

    “We are committed to building the future of AI in ophthalmology and changing the way healthcare providers detect, diagnose and treat eye disease in children,” says Pr3vent Co-founder Darius Moshfeghi. “InFocus Capital Partners’ Series A financing will help accelerate the processes of developing our revolutionary imaging system for early detection of preventable vision loss in newborns.”

    “This financing round puts Pr3vent in a strong position to create a profitable AI solution in the ophthalmic space,” says CEO Jochen Kumm. “Machine vision and AI will contribute significantly to the future of the field, and we are thrilled that our AI system will help newborns.”

    About InFocus Capital Partners
    InFocus Fund I is a venture capital fund specializing in the identification, capitalization and development of breakthrough and disruptive opportunities in the ophthalmic space. The leadership and advisory team at InFocus consists of clinical ophthalmologists and key opinion leaders, ophthalmic business professionals, clinical research experts and seasoned finance executives who are well-positioned to understand and evaluate life-science investments. InFocus takes an active role in supporting investment portfolio companies throughout their life-cycle by tapping into the varied skill-sets of its team members and engaging its broad network of industry leaders and strategic partners.

    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 Trousdale Ventures
    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. (pronounced “prē-vent”) is a Palo Alto, Calif.-based healthcare technology company co-founded in 2017 by noted medical field veterans Jochen Kumm, PhD and Darius M. Moshfeghi, MD. Their combined expertise in deep learning, ophthalmic markets and telemedicine for retinal disease helped develop an AI platform for early detection of preventable vision loss in newborns. The company’s first product will be an autonomous scalable AI system for detecting abnormality in newborn retinas. More information about Pr3vent, Inc. can be found at www.pr3vent.com.

    Reference
    1 Reference: Tang, He, Na Li, Zhan Li, Meiju Zhang, Meirong Wei, Changbing Huang, Jihong Wang, et al. “Fundus Examination of 199 851 Newborns by Digital Imaging in China: A Multicentre Cross-Sectional Study.” British Journal of Ophthalmology 102, no. 12 (December 1, 2018): 1742–46. https://doi.org/10.1136/bjophthalmol-2018-312366

    Contacts

    Joe Duraes
    Nobles Global Communications
    joe@noblesgc.com
    917.687.6419

  • Conduent Completes Sale of Portfolio of Select Customer Care Contracts to Skyview Capital

    Read Original Article Here: https://www.prnewswire.com/news-releases/conduent-completes-sale-of-portfolio-of-select-customer-care-contracts-to-skyview-capital-300788754.html 

    FLORHAM PARK, N.J.Feb. 4, 2019 /PRNewswire/ — Conduent Incorporated (NYSE: CNDT) today announced it has completed the sale of a portfolio of select standalone customer care contracts to Skyview Capital LLC, subject to delayed transfer of certain assets in some countries pending fulfillment of legal requirements.

    The sale was announced on Oct. 1, 2018.

    This portfolio is part of the previously announced plan to divest $1 billion in revenue associated with non-core assets. The completion of this transaction concludes that divestiture plan.

    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’s Insatiable Desire

    By: Michael Douglas Carlin

    Read original article here: http://www.skyviewcapital.com/app/uploads/2019/02/Skyview1.pdf

    “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein 

    A 22-year-old kid with an insatiable desire for success carried around the Forbes 400 and memorized every detail of the wealthiest Americans. As a recent graduate of UCLA and an entrepreneur, he sent in his resume to Platinum Equity and got a telephone call from Platinum Equities’ human resources that would change his life. Alex Soltani knew that he wanted to work for Tom Gores to learn the ropes of private equity, and the formula for creating tremendous cash on cash returns.

    Moving to work for a company could be perceived as a step down for Soltani that had founded All Digital Communications, a nationwide B2B wireless telecommunications firm, where he forged long-term alliances with the largest national wireless carriers that would prove invaluable to his future. As he tells the story, “Sometimes you have to take two steps back for a substancial leap forward.”

    Soltani’s step forward included impeccable timing, joining Platinum Equity just as its business model was beginning to shift. From 1995 to 1998, Platinum was focused on transactions in the under $50 million range, but moved upstream relatively quickly. When Soltani joined Platinum in 2001, the company was in full swing handling large transactions. As Soltani’s primary responsibilities during his 13 months at Platinum involved sourcing new investment opportunities, he studied the best practices involving how to structure deals, how to streamline operations and how to exit the transaction with sizable profits. The final months of Soltani’s employment with Platinum saw the firm transitioning to a fund-like structure environment which resulted in crowding out the financing of smaller deals.

    During these months at Platinum, Soltani saw over a dozen deals that had no ability to be consummated at the firm given its larger investment mandate. It was this recognition that inspired the establishment of Skyview Capital, and Skyview became the first of a number of private equity firms created by former Platinum executives.

    Without Platinum’s infrastructure, the first two years were not easy, but Soltani persevered and ultimately closed his first transaction in 2005 with the support of a group of high-net-worth individuals that appreciated the strategy of buying mismanaged non-core, non-strategic assets of a public company.

    After a very signficant 2010 successful exit, Soltani was able to fund his deals through his own internally-generated capital, building a sizeable war chest to fund Skyview’s next opportunities.

    When consistently many of the deals generated north of 700% cash on cash, it doesn’t take long to employ the magic of compound interest in assembling internal capital to fund transactions.

    Now Skyview has over 20 professionals that have operational, business development and deal execution expertise in various fields to augment the firm’s capabilities. Alex Soltani still has that insatiable desire for success and he still treats the Forbes 400 as his bible, always looking for gaps in America’s business community that will provide Skyview Capital with future opportunities. He currently is looking at a number of industry sectors that he sees as prosperous avenues for cash on cash returns. He has become quite skilled at harnessing the entrepreneurial spirit of a company’s founder to provide him or her substantial tools to amplify their collective business opportunities.

    While he has graduated to bigger deals, Soltani remains adamant that the firm also continue closing deals in the $50-100 million-dollar range that created so much wealth for investors, company founders, and Skyview Capital. Skyview essentially became the replacement in the marketplace for deals that were previously done by Platinum Equity from 1995 – 1999 under $100 million range.

    Skyview’s diversified portfolio includes the rideshare platform Hop Skip Drive, ready-to-drink Super Coffee, AI healthcare provider Pr3vent, data analytics platform Onpoint Global – just to mention a few, that all have tremendous market upside. One of those companies currently has two million in revenue but projected to grow to twenty million in 2019 with contracts, financing, and operational enhancements provided by Soltani and Skyview. Another new transaction brings aboard a highly scalable BPO/Call Center Management business whose 2017 revenues approximated $500 million with a worldwide workforce of over 15,000 dedicated employees.

    In a few years, Soltani may soon see his own name on the Forbes 400 that has a lower rung of the 2.9 trillion dollar ladder, at 2.1 billion in net worth. We will all be watching with great interest as we see Soltani climb up that list by continuing to add value to companies harnessing the magic of compound interest utilizing his prescient investment instincts.

    For five years Soltani and Skyview have been located at the prestigious 2000 Avenue of the Stars building. Moving here was like coming home to Soltani who attended nearby UCLA and previously worked in the 2049 building on Century Park East.

  • Skyview Bets on Cold Brew

    Read original article here: http://labusinessjournal.com/news/2018/nov/30/skyview-bets-cold-brew/ 

    PG36_SKYVIEW_1203_-_AlexSoltani_t670Beverly Hills investment firm Skyview Capital, run by Platinum Equity alum Alex Soltani, is pumping $6 million into Kitu Life Inc., a cold brew coffee startup out of New York City.

    Soltani said in an interview that Skyview aims to close the venture-capital funding round before the end of the year. The $6 million will be used to nurture the coffee purveyor’s growth.

    Soltani first came in contact with Kitu Life after reality TV investment show Shark Tank panned the three brothers who own it. He invested $1.5 million in seed money in the company in April, about two months after it fell out of favor with the Shark Tank crew.

    Kitu Life’s products include Super Coffee and Super Creamer, a prepackaged cold brew coffee drink and a creamer, both of which are low in calories.

    Soltani is an eclectic investor who came into the spotlight in 2015 when he paid $32 million for the Beverly Hills home of record producer, rapper and entrepreneur Dr. Dre.

    He’s also getting ready to close on his biggest private equity acquisition for 14-year-old Skyview − a carve out from Florham Park, N.J.-based Conduent Inc. that was announced Oct. 1. The deal encompasses a portfolio of customer service contracts Conduent owned that generated $500 million in revenue in 2017 and employs 16,000 workers worldwide. Soltani declined to disclose financial details of the transaction.

    Growing asset

    Soltani’s Skyview Capital provided the first round of seed money to Kitu Life in April after founders and brothers Jake, Jim and Jordan DeCicco got the cold shoulder on reality television. Their request for a $500,000 investment was denied by “sharks” Barbara Corcoran, Robert Herjavec, Lori Greiner and billionaire and Dallas Mavericks basketball team owner Mark Cuban.

    Jared Cohen, Skyview’s senior vice president of capital markets, who said he’s closed more than $10 billion in transactions in his career as an investor, happened to be watching TV when the DeCicco brothers made the pitch.

    He knew Kitu Life’s chief financial officer, William Finkelstein, and contacted him to learn more about the cold brew startup Shark Tank rejected.

    The company had been valued at $10 million at the time of the DeCicco brothers’ appearance on Shark Tank, Chief Executive Jim DeCicco said in an interview. Kitu Life was valued at $50 million in the $6 million round scheduled to close this month, he said.

    According to Soltani, the company was generating about $75,000 a month in sales in January. Following Skyview’s investment, and with some advisory from the firm, Kitu Life now is expected to surpass $1 million a month in sales for November 2018, Soltani estimated.

    For reprint and licensing requests for this article, CLICK HERE.

  • L.A. investment giant opens Dallas office

    By   – Staff Writer, Dallas Business Journal

    Read original article here: https://www.bizjournals.com/dallas/news/2018/10/04/l-a-investment-giant-opens-dallas-office.html

    Los Angeles investment giant Skyview Capital has opened a Dallas office and has brought on a local private equity executive Darryl Smith to oversee the operations and improvements of the companies the firm invests in.

  • Skyview Capital, LLC Signed An Agreement With Conduent Incorporated to Acquire a Portfolio of Select Customer Care Contracts

    Read original article here: https://finance.yahoo.com/news/skyview-capital-llc-signed-agreement-180900835.html

    Skyview Capital is creating Continuum Global Solutions (“CGS”) as New Corporate Brand for its World-Class Customer Care Contact Center Platforms

    LOS ANGELESOct. 25, 2018 /PRNewswire/ — As previously announced by Conduent on Oct. 1, 2018, global private investment firm Skyview Capital, LLC and Conduent Incorporated (CNDT) have entered into a definitive agreement, for Skyview Capital to acquire a select portfolio of Conduent’s standalone customer care contracts. This portfolio, which generated approximated $500 million in revenue in 2017, has a worldwide workforce of approximately 16,000 dedicated employees.

    Skyview Capital expects to unite the customer care call center platforms under the brand Continuum Global Solutions, with Darryl Smith, President of Global Portfolio Operations and Rod Stoddard, Senior Vice President of Portfolio Operations, overseeing all areas of CGS’s operations.

    The planned acquisition of a portfolio of Conduent’s standalone customer care contracts exemplifies Skyview Capital’s investment model of purchasing non-core businesses from Fortune 1000 companies whose performance can be significantly enhanced by the investment company’s operational expertise.

    Conduent managers associated with this portfolio of contracts will join Skyview and continue to lead the daily operations of this business.

    Said Stoddard: “Continuum Global Solutions or CGS customer care services and call centers have been embraced by top companies worldwide who have come to rely on their vast expertise in customer care management for unparalleled consumer interaction performance.  We are extremely pleased with the plan to bring together these successful contact center services with the support and operational expertise of Skyview Capital.”

    “Skyview Capital is committed to discovering high performing divisions of companies that we can acquire and position for even greater marketplace growth. The planned CGS customer care and call center solutions represent world class products that boast many of the largest companies in the world as clients.  We look forward to the prospect of adding our operational capabilities toward realizing the full potential of these outstanding contact center solutions,” said Darryl Smith, President, Global Portfolio Operations for Skyview Capital, LLC.

    “With approximately 16,000 global employees in major international markets worldwide and a global roster of tier 1 clients in multiple verticals, we are truly excited about the breadth and scope of services that this business is expected to seamlessly provide under our stewardship at Skyview. We look forward to the prospect of launching each of these category-leading contact center customer care platforms under the Continuum Global Services banner and joining forces with their management team to help fuel their continuing growth,” said Alex Soltani, Chairman and Chief Executive Officer of Skyview Capital, LLC.

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

    About Skyview Capital, LLC:
    Skyview Capital is a global private investment firm headquartered in Los Angelesspecializing 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

  • Skyview Capital Sells Two Units Of NewNet to ZephyrTel

    CENTURY CITY, Calif.Jan. 14, 2019/PRNewswire/ — Global investment company Skyview Capital, LLC (www.skyviewcapital.com) has sold the mobile messaging and Interact business units of its wholly-owned NewNet Communications Technologies to ZephyrTel (ZT), an ESW Capital software company dedicated to serving the global telecommunications industry.

    Skyview Capital, LLC Logo (PRNewsfoto/Skyview Capital, LLC)

    Skyview will continue to own and operate NewNet’s Broadband and Payment Processing business units, which serve high-profile telco and enterprise clients worldwide.

    Skyview Capital formed NewNet by merging its text messaging company acquisitions into a single fully-integrated video/audio/text mobile text messaging platform.

    “We recognized the potential of mobile messaging for consumer and B2B applications early on and pursued a strategy that would create a successful mobile text messaging company,” said Christopher Aye,  Head of Mergers & Acquisitions for Skyview Capital.

    Skyview Capital’s exiting of the two NewNet business units follows the recent sales of its other communications industry portfolio companies VoltDelta Contact Center Solutions, which was also acquired by ESW Capital and NewPace RCS Mobile Software, which Skyview sold to Samsung.

    To meet the requirements resulting from the expansion of its portfolio acquisitions, Skyview Capital added to the company’s Operational, Business Development and M&A management teams as well as established a Dallas office.

    “Skyview’s operational management and infrastructure – including product development, rebranding, sales and marketing and research and development – contributed to the successful sale of NewNet’s Messaging and Interact business units to ZephyrTel,” added Aye.

    “A recognized force in global telecommunications, ZephyrTel is the perfect new home for the NewNet Mobile and Interact business units, which are certain to become significant components to ZephyrTel’s solutions portfolio,” said Alex Soltani, Chairman & CEO of Skyview Capital, LLC.

    “Our acquisition of both VoltDelta and NewNet’s Messaging and Interact units will deliver impressive telecoms technology platforms as well as an additional portfolio of blue-chip customers that will help accelerate ZephyrTel’s growth trajectory and ability to further support global Telecoms operators in their digital transformation strategies,” said Mike Shinya, Chief Executive Officer, ZephyrTel.

    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) 222-4000

  • 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

    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 Ventures backs healthcare tech firm Pr3vent

    Read original article here: https://www.pehub.com/2018/10/skyview-ventures-backs-healthcare-tech-firm-pr3vent/ 

    Palo Alto, California-based Pr3vent, a healthcare technology company, has raised an undisclosed amount of funding. The investor was Skyview Ventures, the early and growth stage investment arm of global private investment firm Skyview Capital LLC.

     

     

  • Investment giant aims for telecom carve-outs with new Dallas office

    Los Angeles investment giant Skyview Capital is opening a new office in Dallas to capture some potential carve-outs from media and telecom companies in the region.

    Darryl SmithRunning the office will be Darryl Smith, a former Marine Corps captain and a private equity veteran. He will be in charge of overseeing the operations and improvements of the companies the firm invests in.

    He’s currently helping combine call centers that the firm acquired from business process services company Conduent (NYSE: CNDT) earlier this month. With the deal, Skyview is getting in on $500 million in contracts generated by the call centers last year.

    The deal is a staple of what Skyview does: carve out units from giant companies that aren’t essential to the overall business.

    Skyview then dedicates resources the previous owner wasn’t willing to in order to ramp up production.

    Smith spoke with the Dallas Business Journal about how the firm’s goals in Dallas.

    SKYVIEW

    Skyview Capital’s Darryl Smith will oversee the operations of Skyview’s portfolio companies.

    What about the Dallas market was attractive for Skyview to open an outpost here?

     Deal flow. You have a lot of the Fortune 500 in Dallas. Skyview targets large companies to get the spin outs. We will talk to some of the companies here that might be looking to get rid of noncore divisions.

    That fits our model perfectly, especially in telecom. From a finance perspective and raising capital, there are a number private equity firms and family offices here, too.

    What’s the biggest hurdle for growing a company that an investor has provided capital to?

    It’s people. We are all fighting the war for talent. It is and will remain getting the best folks for our teams. When we do these carve-outs, setting up IT infrastructure and back office systems, it’s always challenging. We’re good at it, but we learn every day. Not every private equity firm can do carve-outs because they don’t have the expertise that we do.

    If Amazon comes here, how much harder will it be to find talent?

    Initially, it’s going to be tough. It’s a lot of people. It’s going to suck up a lot of talent in the market. I was in Seattle recently and talked to people who worked for Amazon in the past. It’s a great company, but it’s not for everyone.

    You’ve done some work on the defense contracting space. Has it surprised you how much private equity is piling into that part of the market? Will it continue or have we peaked?

    I think people believe there is a lot of growth opportunity there. We’ve seen a few companies that provide services or products to defense divisions of larger companies. It’s probably going to be going to a tier one or tier two provider that we would look at.

    Will Skyview look to Texas for any future deals?

    We’ve got to build relationships with the folks in Dallas. We’ve already started down that path. It’s just a matter of developing those and expanding them as we grow our office and our presence and get a little clearer on all the things we want to do in the market. (We will) start to think about who joins our team and when. It’s going to be a business development-led effort.

    Jon Prior

    Staff Writer

    Dallas Business Journal

  • Phillip Sarofim Named To Skyview Capital, LLC Advisory Board

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

    Read original article here: https://www.apnews.com/40bb84ee9e7e60676c0e9df35ce4f3d3

    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

    / (818) 223-1022

    SOURCE: SSA Public Relations

  • Skyview Capital, LLC Sells Two Units Of NewNet To ZephyrTel

    ZephyrTel Acquires NewNet’s Messaging and Interact Units As Skyview Capital Continues To Own and Operate NewNet’s Broadband and Payment Processing Operations

    Read original article here: https://www.prnewswire.com/news-releases/skyview-capital-llc-sells-messaging-and-interact-units-of-its-wholly-owned-newnet-to-zephyrtel-300777858.html 

    CENTURY CITY, Calif.Jan. 14, 2019 /PRNewswire/ — Global investment company Skyview Capital, LLC (www.skyviewcapital.com) has sold the mobile messaging and Interact business units of its wholly-owned NewNet Communications Technologies to ZephyrTel (ZT), an ESW Capital software company dedicated to serving the global telecommunications industry.

    Skyview will continue to own and operate NewNet’s Broadband and Payment Processing business units, which serve high-profile telco and enterprise clients worldwide.

    Skyview Capital formed NewNet by merging its text messaging company acquisitions into a single fully-integrated video/audio/text mobile text messaging platform.

    “We recognized the potential of mobile messaging for consumer and B2B applications early on and pursued a strategy that would create a successful mobile text messaging company,” said Christopher Aye,  Head of Mergers & Acquisitions for Skyview Capital.

    Skyview Capital’s exiting of the two NewNet business units follows the recent sales of its other communications industry portfolio companies VoltDelta Contact Center Solutions, which was also acquired by ESW Capital and NewPace RCS Mobile Software, which Skyview sold to Samsung.

    To meet the requirements resulting from the expansion of its portfolio acquisitions, Skyview Capital added to the company’s Operational, Business Development and M&A management teams as well as established a Dallas office.

    “Skyview’s operational management and infrastructure – including product development, rebranding, sales and marketing and research and development – contributed to the successful sale of NewNet’s Messaging and Interact business units to ZephyrTel,” added Aye.

    “A recognized force in global telecommunications, ZephyrTel is the perfect new home for the NewNet Mobile and Interact business units, which are certain to become significant components to ZephyrTel’s solutions portfolio,” said Alex Soltani, Chairman & CEO of Skyview Capital, LLC.

    “Our acquisition of both VoltDelta and NewNet’s Messaging and Interact units will deliver impressive telecoms technology platforms as well as an additional portfolio of blue-chip customers that will help accelerate ZephyrTel’s growth trajectory and ability to further support global Telecoms operators in their digital transformation strategies,” said Mike Shinya, Chief Executive Officer, ZephyrTel.

    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.

wing fallback