Siris` acquisition of TPx will provide the company with the resources it needs to continue the rapid growth of the UCaaS, CCaaS and Managed IT Services addressable market, and to support the continued delivery of industry-leading customers to its large and diverse customer base. In 1998, TPx was a leading provider of UCaaS, managed IT and managed connectivity services, with approximately 30,000 customers and 53,000 sites in the United States. TPx has first-class customer service, integrated into its corporate DNA and delivering guaranteed performance to all customers wherever there is a broadband connection. TPx clients serve each industry and include many public and not-for-profit enterprises. Throughout its history, the company has continuously executed strategically and provided more than 16 years of continuous growth over a period that included two recessions. For more information, visit www.tpx.com or follow @TPxComm on Twitter. „We expect to secure significant additional resources for the implementation of our strategic product and service plans,“ said Mr. Zahn. „In this transaction, it`s all about additions.“ While GeoLinks will open assets in its existing network, all existing TPx customers will remain under TPx management and will not be affected by the agreement.
Once network integration is complete, customers have the ability to significantly increase their bandwidth, with most of the network footprint scalable, up to 1 Gb/s symmetrically. About SirisSiris is a leading private equity firm that invests primarily in sophisticated technology and telecommunications companies with critical products and services and is facing industry changes or other important transitions. The development of proprietary research for the identification of opportunities by Siris and the full collaboration with its executive partners are an integral part of the approach. Siris` executive partners are experienced executives who actively participate in key aspects of the transaction lifecycle to identify opportunities and increase strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative cash commitments. www.siris.com After an IPO agreement was reached, TPx, the provider of managed services and connectivity, is acquired by Siris, a private equity firm focused on investments in technology and telecommunications companies. Joe Cozzolino, an executive partner of Siris, said: „TPx is a first-class UCaaS and managed service provider and has recently received several awards, including the #2 MSP award on channel Futures MSP 501 rankings. TPx serves its large, diverse customer base by providing a highly scalable and reliable UC platform and a comprehensive suite of security management, WAN management and other managed IT services.