Skyview Capital’s NewNet Communication Technologies to sell its RCS Business to Samsung

Posted on: March 19th, 2019 by NewNet

Read original article here: http://www.skyviewcapital.com/news/skyview/

SEOUL, Korea & MISSISSAUGA, Ontario – November 15, 2016 – Samsung Electronics Co., Ltd. (“Samsung”) today announced its acquisition of NewNet Communication Technologies’ RCS Business (now being operated as “NewPace”) a leading provider of Rich Communication Services (RCS) infrastructure and services. NewNet Communication Technologies, BV is a portfolio company of global private investment firm Skyview Capital. The acquisition reinforces Samsung’s commitment to RCS as mobile networks transition to all IP-based networks and services.

Founded in 2009 as NewPace Technology Development Inc., the RCS Business provides Software Development, Systems Operations, and Applications support to a world-wide base of customers. Having developed large-scale VoIP offerings and implemented global Instant Messaging products, the NewPace team has substantial experience in telecommunications development and operations, and services a wide variety of global clients with tenured expertise in delivering robust, high availability and scalable telecom solutions.

“We have enjoyed working with the RCS team during a time of significant transition within the industry,” said Alex Soltani, Chairman and CEO of Skyview Capital. “This transaction is a testament to our investment thesis of identifying best in class technologies and transforming them into highly strategic platforms within the markets they serve. We hope for continued success under Samsung’s ownership.”

About Skyview Capital
Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions within its target market verticals. Visit www.skyviewcapital.com

About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The Company is redefining the worlds of TVs, smartphones, wearable devices, tablets, cameras, digital appliances, medical equipment, network systems, and semiconductor and LED solutions. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

About NewNet Communication Technologies, BV
NewNet Communication Technologies, BV provides next generation mobile technology solutions. The company offers mobile messaging, secure transaction processing, interactive voice response, real time charging and rating, and broadband wireless and network optimization solutions. Additionally, it provides product and custom application development, installation, training, and network engineering and management services. NewNet Communication Technologies BV is a wholly owned portfolio company of Skyview Capital. Visit www.newnet.com.

For additional information, please contact Shrikar Kasturi at (214) 797-8623 or via email at skasturi@skyviewcapital.com

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