Skyview Capital Completes The Acquisition of Interact Inc. Through Its Portfolio Company NewNet Communication Technologies

Posted on: March 19th, 2019 by NewNet

Arlington Heights, IL March 8, 2013 — NewNet CommunicationTechnologies, LLC, a wholly-owned Portfolio Company of Skyview Capital, and a global leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transactions announced today its completion of the Interact Inc. acquisition.

Interact Inc.’s high performance, hosted or customer premise installed Interactive Voice Response (IVR) solutions and their realtime charging and rating engine improve global communications in over 30 countries worldwide, reaching over 80 million end users. Interact’s products coupled with NewNet’s TraxcomSecure and Mobile Messaging technologies expand its product portfolio. Nimblevox, Interact’s Cloud Communications solution allows companies to bring voice and SMS applications to market in a shorter timeframe, without writing a single line of code. Nimblevox enables operators to develop cutting-edge communication applications that are hosted in the cloud or installed at the customer premises. Interact’s Invigorate product provides a real-time convergent rating and charging solution, allowing mobile operators to introduce innovative services and creative charging campaigns.

NewNet’s CEO, PJ Louis, said: “We are excited to add the Interact Incorporated solutions to our NewNet product portfolio.” Louis continued, “Interact’s assets are an excellent fit for NewNet, and we believe this transaction will deliver significant business growth for our organization.”

“Interact and NewNet’s customers are the true winners of this acquisition,” said Lynn McKee, the previous CEO of Interact Inc. “The combination of our two organizations’ product portfolios deliver technologies that make business processes happen.”

“Together, both Interact and NewNet’s proven track records in the industry ensure our customers receive world class products and unparalleled support services, enabling them to bring new and innovative solutions to market in a timely manner,” said Greg Gissler, Founder of Interact Inc.”

“Today’s signing announcement marks a new, important chapter in our company,” said Alex Soltani, Chairman of NewNet, and Chairman and CEO of Skyview Capital. “This is a highly strategic transaction, allowing NewNet to broaden its product offering to its blue-chip telecom carrier clients. It provides NewNet with cross-selling opportunities, engineering talent, and innovative intellectual property. It is Skyview’s first deal to close in 2013 and facilitates NewNet’s continued growth.”

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 “mission critical” enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long–term sustainable value of the businesses it acquires. To date, Skyview has successfully completed nearly 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com

About NewNet Communication Technologies
Headquartered in Arlington Heights, IL, NewNet is a recognized leader in mobility technologies with a primary focus in messaging, signaling, wireless broadband, consumer internet, multimedia content delivery, mobile advertising, and secure transaction processing. NewNet Communication Technologies is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com

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