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.
SOURCE Skyview Capital, LLC