TeleSciences receives an investment from Spire Capital Partners
Mount Laurel, NJ -- TeleSciences announced they received an investment from Spire Capital Partners, a private equity firm that provides capital to companies in the Media, Communications, Information Technology and Business Service Industries.
“Spire invests in companies that have the proper mix of technology, proven track record, and quality people to truly achieve great results in the marketplace,” says CEO, Greg Fegley. “This partnership supports continued growth and expansion of our Complex Event Processing solutions and reinforces our position as a software development leader and the largest mediation specialist for the Telecommunications industry."
Bruce Hernandez, Managing Partner of Spire Capital said, "We are very pleased to be working with Greg and his senior management team, as well as introducing Steve Dubnik and Kevin Dickens (founders of Choice One Communications) to the board of TeleSciences and look forward to working with all of them. Together we are uniquely qualified to build upon the existing strengths of TeleSciences. By investing to expand and improve TeleSciences' proven set of mediation products, this business is well positioned to grow."
“I am excited to work with TeleSciences and I am particularly impressed by their Customer Self Service solution for service providers,” explained Mr. Dubnik. “With the growth of VoIP and IMS architectures this solution will grow in importance. We're also planning to build on the partnerships that TeleSciences has in place with Nortel, Metaswitch, Siemens and Tekelec.”
Telesciences, Inc. (www.telesciences.com) was founded in 1967 in New Jersey, USA and has always provided solutions to gather timely information from networks to help both the network operator and end customer. TeleSciences solutions are deployed throughout the world and process billions of events per day for accurate billing, customer self-service, and cost management.
Telesciences has extensive experience in the telecommunications and cable fields and has a global client base of operators and equipment vendors including Nortel, Qwest, Siemens, SFR, Telenor, and VimpelCom.
TeleSciences is headquartered in Mount Laurel, NJ with other locations in the US, UK, and China and has been ISO 9001 certified since 1996.
About Spire Capital Partners
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 approximately 30 portfolio companies. The firm is headquartered in New York. For further information, please visit our website (www.spirecapital.com).
John Loughlin, SVP Business Development & Sales