NewNet Communication Technologies Completes Acquisition of Traxcom Technologies

Posted on: January 31st, 2011 by NewNet

Enhanced Product Portfolio for Secure e-Commerce and m-Commerce 

SHELTON, CT and Schaumburg, IL – USA – January 31, 2011 – NewNet Communication Technologies, a Skyview Capital portfolio company and leading provider of mobile messaging and signaling infrastructure solutions for wireless, IP and wireline networks, today announced the acquisition of Traxcom Technologies, a global leader in secure transaction processing platforms and advanced encryption technologies. Traxcom, also a Skyview company, will benefit from NewNet’s globally deployed engineering, support and sales organizations.

Processing over 1.5 billion transactions a month, the Traxcom Secure Access product suite provides secure connectivity that enables the delivery of services such as mobile payments, e-banking, and e- commerce. Integrated, next generation encryption technology ensures data confidentiality and safety, enabling carriers to expand current services and enter new markets such as healthcare. All Traxcom platforms are modular and conform to open standards. The platforms support a wide range of end-user payment options including mobile phones, ATMs, Near Field Communication terminals, Point of Sale stations at retail locations, and PC/Netbook/Tablet based applications.

Ron Pyles, President and CEO of NewNet said, “Mobile connectivity has revolutionized the lives of people globally and we are pleased to have provided enabling technologies to hundreds of customers over the past two decades. The addition of the robust Traxcom product line enhances NewNet’s ability to expand our contributions, empowering our global customers to deliver new innovative services and develop new revenue opportunities. Traxcom complements our recently acquired Mercury mobile multimedia content delivery platform and application family.”

Prasad Kallur, NewNet’s Executive Vice President for Business Development added, “Mobile payments are currently growing at a triple digit rate and, according to a recent industry report, are expected to reach $1.1 trillion globally by 2014. With the addition of Traxcom’s industry leading solutions and the soon to be announced next generation Secure Access products, NewNet will be poised to expand its role in this important space. With the evolution of m-commerce and the expanding need for the delivery of secure transaction services, our new products will address the high priority needs of existing and new Traxcom and NewNet customers.”
.
“The shift of our growing Traxcom business to NewNet is aligned with our plan to expand NewNet into a global powerhouse” said Alex Soltani, Chairman and CEO of Skyview Capital. “Ron and his team have built an amazing organization that is responding to the needs of a rapidly expanding customer list that includes major carriers as well as infrastructure and application providers that support them. In this environment, Traxcom will be able to take its next major leap in revenue growth, expand customer support capabilities and accelerate the development of market leading products and services.”

All current Traxcom employees will remain with the business. Traxcom’s General Manager, Angela Ledford, will become NewNet’s Executive Vice President for Operations.

NewNet will demonstrate the existing Traxcom product suite, and provide briefings on next generation products, at the Mobile World Congress being held in Barcelona on February 14-17. NewNet will be in stand 1G03 in Hall 1.

About NewNet Communication Technologies, LLC 
Headquartered in Shelton, Connecticut, NewNet Communication Technologies, LLC, is a recognized leader in providing innovative multimedia content delivery and analysis platforms, wireless network infrastructure, and signaling solutions for wireless, IP and wireline networks. NewNet’s robust, scalable telecom signaling platforms have enabled the rapid development and deployment of over 4, 000 carrier grade, revenue generating applications worldwide. NewNet, a pioneer in messaging systems has deployed messaging platforms to mobile operators in over 60 countries. For nearly two decades, NewNet has been synonymous with signaling platform excellence and is committed to providing unparalleled service to its customers. For more information, visit www.newnet.com.

About Traxcom Technologies, LLC 
Traxcom Technologies, LLC, is a recognized global leader in secure transaction processing products and technologies. Originated in 1989 under the initial ownership of US Robotics, Traxcom has developed and delivered a broad portfolio of innovative merchant payment processing products, enabling secure transactions processing for Dial to x.25, Dial to IP, and IP to IP network configurations. Traxcom’s flag ship product, the Total Control 1000 has been deployed by Tier 1 carriers in nearly 60 counties, processing more than 1.5 billion secure transactions per month. The Access Guard 500 is an industry leading, next generation platform servicing IP networks. Traxcom products are backed by 24 x 7 global support, with in-region service centers providing optimal service to its customers.

About Skyview Capital, LLC 
Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of “systems – critical” businesses in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial strength, Skyview systematically enhances the long-term value of the companies it acquires. For more information, visit www.skyviewcapital.com.

Contact Us

Want to Learn More?