Industry: Telecommunications Software
LOS ANGELES, CA--(Marketwired - Oct 21, 2014) - StoneCalibre is pleased to announce that it has completed the acquisition of NetPlus. Headquartered in Gaithersburg, Maryland, NetPlus is a leading provider of a diverse set of communications software solutions. Through its web based software framework, NetPlus enables commercial and government customers to efficiently manage their telecom systems by providing network operations, telecom expense management (TEM) and VoIP transition solutions across legacy and Unified Communications platforms.
For over 30 years, NetPlus has provided innovative solutions for communications management through superior product functionality, domain-expertise, and best-in-class customer service.
"NetPlus represents an excellent platform for growth in the expanding communications management software industry supported by its proven product offering and its blue-chip customer base," said Brian Wall, Founder and Chief Executive Officer of StoneCalibre. "We are excited to add NetPlus to the StoneCalibre portfolio and we will seek acquisition opportunities to augment its organic growth."
Matt Lewis, President of NetPlus, expressed his enthusiasm for partnering with StoneCalibre. "We are excited to have StoneCalibre backing us in growing our unique telecom infrastructure management (TIM) solution that combines both telecom management and TEM." Mr. Lewis stated, "I'm confident that StoneCalibre's long-term investment approach and distinctive set of skills combined with NetPlus' value proposition and seasoned employee base will elevate NetPlus to the next level."
The terms of the transaction were not disclosed.
Headquartered in Century City, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. For more information please visit our website at www.stonecalibre.com.
NetPlus is a leading Telecom Infrastructure Management solutions provider for both commercial and government entities headquartered in Gaithersburg, MD. With over 30 years of experience, NetPlus solutions are used worldwide to improve efficiency, streamline processes, and consolidate telecom and IT management. NetPlus solutions provide customers the ability to manage cross platform telecom infrastructure including UC, VoIP and legacy technologies, while controlling costs through telecom expense management (TEM) functions. For more information, visit www.NetPlusTMS.com.
For more information please contact:
Phone: (310) 774-0376
Fax: (310) 427-7448