Spire Capital Partners Announces the Formation of Ariston Global Partners
New York, NY -- Spire Capital Partners, L.P., ("Spire")
announced that it has partnered with Steve Dubnik and Kevin Dickens to form Ariston Global Partners, L.L.C. ("Ariston"). Ariston will acquire, develop, make majority investments and operate communications services companies including software, billing, customer care, customer resource management, provisioning, outsourced services, hardware testing and other tool set companies required by hardware providers and communications carriers. Target clients of such companies will include telecommunications carriers, wireless/wireline service providers, cable MSOs, VOIP service providers, communications hardware manufacturers and others. Mssrs. Dubnik and Dickens
will be Co-CEOs of Ariston.
Ariston made its first investment on April 21, 2006 in TeleSciences, Inc. (http://www.telesciences.com). TeleSciences, founded in 1967 and headquartered in Mt. Laurel, NJ, provides software solutions to communications service providers for mediation and customer self service. Ariston invested alongside the existing management team, all of which will remain with the Company and begin to further broaden the Company's product offerings. TeleSciences is a well-known brand in mediation and has recently developed a customer self service product offering. TeleSciences has a global presence with customers in multiple countries in North America, South America, Europe and Asia.
Ariston Global believes that opportunity exists for organizations to provide tools and services to Next Generation Service providers given the rapid transition to Internet Protocol based networks for all forms of service providers. Mr. Dubnik stated "The technology and regulatory changes that are occurring in telecommunications are creating the need for new services from existing communication companies as well as enabling the creation of new companies. These changes require new methods of billing, measuring usage, servicing clients and monitoring networks." Mr. Dickens continued, saying "Many smaller companies exist with viable competencies, products and existing clients but little scale. We believe that we can accelerate growth through acquisitions, leverage resources and develop new products that can meet the needs of service providers in this changing environment."
"By way of example, we believe TeleSciences core product set will assist in enabling both embedded operators who are struggling to evolve their networks as well as emerging IP providers to manage next generation networks and services."
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 $10 million and $40 million in companies with enterprise values from $25 million to $400 million. Since its founding, Spire has successfully made investments in more than 25 portfolio companies. The firm is headquartered in New York. For further information, please visit our website at http://www.spirecapital.com or contact: