(BUSINESS WIRE)-- NewNet Communication Technologies LLC, a global leader in mobility technologies, broadband wireless, messaging, and signaling solutions and services, as part of its global expansion into new markets and service offerings announces today the significant expansion of services in the mobile messaging space with the completion of the acquisition of Tekelec’s Mobile Messaging Business Unit. NewNet is a portfolio company of Skyview capital, a Beverly Hills, California based private equity firm.
The extension of NewNet’s mobile messaging product portfolio addresses challenges that the mobile industry is encountering with the maturing and evolution of text messaging services. New developments in current and additional markets deliver the advancements that operators and consumer Internet companies demand globally.
Adding additional value to NewNet’s current mobile messaging product portfolio will help support the mobile industry demand and create synergies that allow NewNet’s customers to achieve accelerated time-to-market, efficient monetization of messaging services through cost effective solutions and revenue maximized applications.
NewNet's CEO, PJ Louis, said: “With such explosive growth in Mobile, our company needs to expand and develop new products and services for our existing and future customers.” Louis continued, “NewNet is committed to providing state of the art solutions to our customers and this acquisition will allow us to enter new vertical markets, paving the way to new exciting services combining multimedia, IP-based content delivery, and messaging.”
“With the acquisition of Tekelec’s Mobile Messaging business NewNet is best positioned to deliver the solutions for consumer-oriented next generation mobile communication technology,” said Alex Soltani, Chairman and CEO of Skyview Capital. “We have strong interest to support NewNet as a leader in current and future developments in mobile messaging, secure transaction, and next generation mobile applications. Skyview and NewNet are actively looking for additional acquisitions in these market segments.”
About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies. NewNet provides messaging, signaling, wireless broadband, consumer Internet, mobile media marketing and secure transaction processing solutions. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. 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
Contacts
NewNet Communication Technologies, LLC.
Mary Lynch, +1-224-795-5083
mary.lynch@newnet.com
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