Ariston Global Partners Acquires The Strata Group
New York, NY, December 19, 2006 – Spire Capital Partners, L.P., (“Spire”) announced that Ariston Global Partners, L.L.C. (“Ariston”), made its second acquisition in 2006 with the purchase of The Strata Group (“Strata”). Strata (www.stratagroup.com), based in St. Louis, Missouri, provides software applications for web-based self-care to both service providers and their customers. Strata’s customer self-service (“CSS”) solutions are deployed in traditional and next generation networks serving both commercial and consumer market applications. Strata serves a global customer base and distributes its products through a direct sales force as well as through OEM channel partnerships.
Ariston was formed in April 2006 to acquire, develop and operate communications services companies including software, billing, customer care/resource management, provisioning, outsourced services and other tool set companies required by hardware providers and communications carriers. Target clients of such companies include telecommunications carriers, wireless/wireline service providers, cable MSOs, VOIP service providers, communications hardware manufacturers and others.
Ariston Global continues to believe, and is seeing significant evidence in the marketplace, that opportunity exists for it to aggregate and provide forward-looking tools and services to both traditional and next generation providers. Demand for increased efficiencies in traditional networks along with the rapid transition to IP based networks present all forms of service providers with the challenge of deploying solutions that balance the needs and advantages of both architectures. “Effective customer care is increasingly critical for service providers today and going forward,” relayed Kevin Dickens, Co-CEO of Ariston. “Service providers need to capture the economic benefits of automation while customers demand web-based applications as a key component to dynamic and flexible product offerings.”
Ariston was established in the second quarter of 2006 with the acquisition of Telesciences, Inc. Telesciences provides software solutions to communications service providers for mediation and CSS. Telesciences also has a global presence with communications customers in multiple countries in North America, South America, Europe and Asia. “Strata and Telesciences both offer superior software product applications to communications service providers around the world,” commented Steve Dubnik, Co-CEO of Ariston Global. “The acquisition of Strata continues Ariston’s strategy of acquiring companies that enhance its suite of best of class next generation software applications to communication companies globally.”
About Spire Capital Partners, L.P.
Spire Capital Partners, L.P. is a private equity firm founded in 2000 with more than $350 million of capital under management. Spire partners with exceptional management teams to invest in middle market buyouts, recapitalizations, industry consolidations and growth equity investments in the media, communications, information services and business services industries. Spire typically invests between $15 million and $30 million in companies with enterprise values from $25 million to $250 million. Since its founding, Spire has successfully made investments in approximately 30 portfolio companies. The firm is headquartered in New York. For further information, please visit our website at http://www.spirecapital.com or contact: