|[July 09, 2012]
Skyview Capital Through Its Portfolio Company NewNet Communication Technologies Acquires the Tekelec Mobile Messaging Business
ARLINGTON HEIGHTS, Ill. --(Business Wire)--
NewNet (News - Alert) Communication Technologies (NewNet), a Skyview Capital LLC
portfolio company, and recognized leader in mobile messaging, broadband
wireless, and network signaling solutions for wireless, IP, and wireline
networks, today announced it has successfully signed an agreement to
acquire Tekelec's (News - Alert) Mobile Messaging Business. Headquartered in Amsterdam,
Tekelec's Mobile Messaging business provides innovative and modular
Short Text Messaging solutions to wireless carriers worldwide.
Tekelec's Mobile Messaging solution is based on its future proof,
innovative and modular "Short Message Service (SMS) Network" concept,
designed to overcome the obstacles of legacy SMS infrastructures and
allow operators to deploy new advanced messaging services to increase
revenues and reduce capital expenditures and operating expenses.
The acquisition of the Tekelec Mobile Messaging business represents a
significant milestone in the evolution of NewNet's product portfolio and
market focus. The group's globally deployed employees will become part
of NewNet's team, ensuring business and product development continuity.
NewNet's CEO, PJ Louis, said: "Our acquisition of Tekelec's Mobile
Messaging business will enable NewNet to expand on its next-generation
messaging solution to service providers, enhancing our competitive
position and accelerating our commercial growth." Louis continued,
"NewNet is committed to providing best in breed products and unrivaled
service and support to our global customer base. The Tekelec Mobile
Messaging business combined with NewNet's existing signaling, SMS
messaging, and Mercury Multimedia Messaging applications will enable
NewNet o offer our carrier customers an even more robust product
"NewNet will take the Tekelec Mobile Messaging technology to its next
stage through continued investment in the platform and aggressive global
marketing," said David Rice, Senior Vice President and General Manager
of Tekelec's Global Signaling Solutions business. "NewNet's strong
messaging position, seasoned management team and commitment to customer
service will help service providers fully capitalize on the legacy and
next-generation mobile messaging services."
Angela Ledford, NewNet EVP and Telecom Applications Business Unit
General Manager says of the acquisition, "We are excited to add the
Tekelec Mobile Messaging products, services and capabilities to our
existing Short Messaging Service Center (SMSC) and Multimedia Messaging
Service Center (MMSC) portfolio."
"The acquisition of Tekelec's Mobile Messaging business is strategically
important to the continued development of NewNet," said Alex Soltani,
Chairman and CEO of Skyview Capital. "We see mobile data and messaging
as an area of significant growth. Skyview will continue to expand
NewNet's product portfolio and market reach, positioning NewNet for
exceptional future growth."
The Stock purchase Agreement was signed July 7, 2012, with an
anticipated closing date by August 10, 2012. Terms of the agreement were
About NewNet Communication Technologies
NewNet Communication Technologies, LLC is a leading provider of
innovative solutions for next generation mobile, fixed line networks and
credit card processing. NewNet enables global telecom operators and
equipment manufacturers to rapidly develop and deploy cutting edge,
revenue generating applications that deliver feature rich, value added
services. A 20 plus year old company, NewNet products can be found in
over 70 countries. The NewNet portfolio includes a 4G WiMAX (News - Alert) broadband
solution, TraxcomSecure transaction payment processing technology,
Mercury, an integrated messaging and content delivery system. NewNet
connects the unconnected. NewNet is based in Arlington Heights, IL USA.
For further information, please visit www.newnet.com.
About Skyview Capital, LLC
Skyview Capital, LLC, is a private investment firm headquartered in
Beverly Hills, California, which specializes in the acquisition and
continuous management of "systems - critical" enterprises in the areas
of technology, telecommunications, business services, and niche
manufacturing. By leveraging its operational capabilities and financial
acumen, Skyview systematically enhances the long-term sustainable value
of the businesses it acquires. To date, Skyview has successfully
completed over 15 transactions within its target market verticals. For
further information, please visit www.skyviewcapital.com.
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