Industry News from Conferencing


TMCNet:  GTCR Completes Acquisition of Onvoy

[May 04, 2016]

GTCR Completes Acquisition of Onvoy

CHICAGO, May 4, 2016 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has completed the previously announced acquisition of Onvoy, LLC ("Onvoy" or the "Company") from Communications Infrastructure Investments. Onvoy, headquartered in Minneapolis, Minnesota, is a fast-growing leader in communications enablement. GTCR will partner with CEO Fritz Hendricks and the Onvoy management team as they continue to grow and develop the company's service offerings and geographic breadth.

GTCR (PRNewsFoto/GTCR)

Onvoy is a leading communications enablement platform offering nationwide wholesale communication services. The Company provides easy-to-use voice, messaging and mobility solutions to wireless, Over-the-Top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Onvoy combines an intuitive software-based Application Program Interface with its nationwide netork of physical switches and dedicated transport to offer its leading wholesale telecommunication services. Customers enjoy automated access to an industry leading portfolio of communication services and extended service area coverage.

Stephens Inc. served as financial advisor to GTCR and Latham & Watkins LLP provided legal counsel. Gibson Dunn & Crutcher LLP provided legal counsel to Onvoy.

About GTCR

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com.

About Onvoy

Onvoy, the nation's third largest CLEC by rate center coverage, provides an extensive array of voice and messaging communications services to meet the needs of today's leading telecom carriers and services providers. Onvoy delivers API-driven origination, messaging, termination, 911 and toll free as well as traditional telephony services, including tandem, database and OS/DA. White-label hosted PBX and vFax round out Onvoy's innovative, customer-focused solutions. Founded in 1991, Onvoy is based in Minnesota. For more information, visit Onvoy at www.onvoy.com.

Eileen Rochford, 312-953-3305
eileenr@theharbingergroup.com

Logo - http://photos.prnewswire.com/prnh/20160106/319670LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gtcr-completes-acquisition-of-onvoy-300262733.html

SOURCE GTCR


[ Back To Conferencing Zone's Homepage ]