NEW YORK and SAN FRANCISCO, Dec. 22 /PRNewswire/ -- Behrman Capital, a private investment firm focusing on emerging growth companies, today announced that it invested $26 million in Intertech Management Group, the market leader in providing Windows NT(R)-based billing and customer care software solutions to the competitive communications industry. The investment will position Intertech to pursue its growth strategy with greater financial flexibility. Founded in 1987, Intertech is headquartered in St. Louis, Missouri, has approximately 100 employees, was recently selected by Microsoft as a partner in Microsoft's Active Operational Support System ("OSS") Framework initiative, and has over twenty-five customers including Williams Communications Group, FRONTIER/US West, Splitrock, Ameritech, Allegiance Telecom, GTE, IXC Communications, and ATLAS. The Company's software, Network Strategies(R), is an industry leading customer care and billing product that supports long distance, CLEC and data services. Core modules include: Customer Care, Marketing, Service Delivery, Data Collection, Event Processing, Billing, and Accounts Receivable. The Company's web site is www.billingsoftware.com. This transaction marks the fourth equity investment for Behrman Capital II L.P. The fund closed in January 1998 with total committed capital of $518 million. "Behrman Capital is the ideal partner for Intertech," said David Wilson, president of Intertech. "Its financial, operating, and information technology expertise will be invaluable assets to Intertech as we continue to serve our customers and aggressively expand our presence in the competitive communications marketplace." Grant G. Behrman, a Managing Partner of Behrman Capital stated, "We are excited to partner with this fast growing and well managed company. At a time of explosive growth, dramatic change, and intense competition in the global telecommunications industry, there is increased demand for, and spending on, billing and customer care software. Due to this, as well as Intertech's industry leading software, management expertise, and technological competency, Intertech's products and services are in great demand and the Company is ideally positioned for continued growth." Behrman Capital invests in management buyouts of growth companies focused on the health care, outsourced manufacturing, and information technology industries, as well as special situations. The firm also provides expansion capital to emerging growth companies, principally in the health care and high technology industries. Based in New York City and San Francisco, Behrman Capital was founded in 1992 by Darryl G. and Grant G. Behrman. The firm currently has a combined capital base exceeding $640 million.
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