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Skyview Capital Completes The Acquisition of Interact Inc. Through Its Portfolio Company NewNet Communication Technologies

Posted on: May 13th, 2015 by Nimblevox

Arlington Heights, IL March 8, 2013 — NewNet CommunicationTechnologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions announced today its completion of the Interact Inc. acquisition.

Interact Inc.’s high performance, hosted or customer premise installed Interactive Voice Response (IVR) solutions and their realtime charging and rating engine improve global communications in over 30 countries worldwide, reaching over 80 million end users. Interact’s products coupled with NewNet’s TraxcomSecure and Mobile Messaging technologies expand its product portfolio. Nimblevox, Interact’s Cloud Communications solution allows companies to bring voice and SMS applications to market in a shorter timeframe, without writing a single line of code. Nimblevox enables operators to develop cutting-edge communication applications that are hosted in the cloud or installed at the customer premises. Interact’s Invigorate product provides a real-time convergent rating
and charging solution, allowing mobile operators to introduce innovative services and creative charging campaigns.

NewNet’s CEO, PJ Louis, said: “We are excited to add the Interact Incorporated solutions to our NewNet product portfolio.” Louis continued, “Interact’s assets are an excellent fit for NewNet, and we believe this transaction will deliver significant business growth for our organization.”

“Interact and NewNet’s customers are the true winners of this acquisition,” said Lynn McKee, the previous CEO of Interact Inc. “The combination of our two organizations’ product portfolios deliver technologies that make business processes happen.”

“Together, both Interact and NewNet’s proven track records in the industry ensure our customers receive world class products and unparalleled support services, enabling them to bring new and innovative solutions to market in a timely manner,” said Greg Gissler, Founder of Interact Inc.”

“Today’s signing announcement marks a new, important chapter in our company,” said Alex Soltani, Chairman of NewNet, and Chairman and CEO of Skyview Capital. “This is a highly strategic transaction, allowing NewNet to broaden its product offering to its blue-chip telecom carrier clients. It provides NewNet with cross-selling opportunities, engineering talent, and innovative intellectual property. It is Skyview’s first deal to close in 2013 and facilitates NewNet’s continued growth.”

About Skyview Capital, LLC

Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of “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. To date, Skyview has successfully completed nearly 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

About NewNet Communication Technologies

Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com

Skyview Capital Acquires Interact Inc. Through Its Portfolio Company NewNet Communication Technologies

Posted on: May 12th, 2015 by Nimblevox

Arlington Heights, IL February 20, 2013 — NewNet Communication Technologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions announced today the acquisition of Interact Inc.

Interact Inc. provides high performance Interactive Voice Response (IVR) platforms and hosted IVR solutions along with real time charging and rating engine, enabling organizations worldwide to improve global communications. The acquisition of the Interact business represents a significant milestone in the evolution of NewNet’s product portfolio and market focus. The Interact products will be a key addition to the TraxcomSecure and Mobile Messaging technologies, expanding NewNet’s development initiatives.

Interact’s Nimblevox, is a Cloud Communications solution that lets you bring voice and SMS applications to market faster, with less risk, and a lower total cost of ownership, by providing advanced IVR features for outbound calling campaigns. SPOT media platform enables operators to develop cutting edge communication applications. Nimblevox and SPOT are cloud ready and can be hosted in the cloud or installed at the customer premise. Interact’s Invigorate product is a state of the art real-time convergent billing system which is engineered to meet the needs of operators in today’s ever changing and competitive environment.

NewNet’s CEO, PJ Louis, said: “Our acquisition of the Interact business will enable NewNet to provide IVR and billing solutions 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.”

“Interact believes that NewNet is best positioned to capture the market by merging our technologies and services.” said Lynn McKee, the previous CEO of Interact Inc.”

“We are excited that NewNet has emerged to take the business we have built to its next stage through continued investment and aggressive marketing on a global basis.” said Greg Gissler, Founder of Interact Inc.”

“The Interact acquisition signifies yet another milestone in the exponential development of NewNet, since our initial investment in 2007. In fact, through the combination of organic growth and strategic acquisitions, NewNet has grown by nearly 1,200% since Skyview took ownership of this platform. Interact’s suite of products and services combined with NewNet’s existing portfolio of messaging, signaling, and secure transaction applications will enable NewNet to offer our global customers an even broader range of communication solutions,” said Alex Soltani, Chairman and CEO of Skyview Capital.

The asset purchase agreement was signed February 15, 2013 with a targeted close of early March. Terms of the agreement were not disclosed.

About Skyview Capital, LLC

Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of “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. To date, Skyview has successfully completed over 15 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

About NewNet Communication Technologies

Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing.

NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com

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