Press/Analyst News
More than $57 Million Has Now Been Raised for IP-Based Network and Hosted IP Solutions Company
Las Vegas, Nevada – October 8, 2007 – CommPartners Holding Corporation (dba “CommPartners Connect”), announced today an equity investment in excess of $11 million led by PAR Capital Management, Inc. (“PAR Capital”), a Boston-based private investment company. CommPartners Connect is a nationwide CLEC certified, facilities based network operator providing VoIP and TDM services to carriers as well as enhanced Hosted Applications to small and medium sized businesses through a network of strategic partners and resellers. The investment from PAR Capital and other existing shareholders is expected to provide the capital for the company to expand its market opportunities and accelerate its growth.
CommPartners Connect, formed in 2003, said that it has now raised in excess of $57 million in private equity to date to fund the company’s network expansion, applications platform and sales channel development.
“We are pleased to have successfully completed this latest round of equity capital which will assist us in our objective of driving our business to the next level of overall growth,” said David S. Clark, CEO and Co-founder of CommPartners Connect. “With this investment, we will be better positioned to capitalize upon the significant opportunities we have in our Hosted Services business utilizing our Broadsoft, Transera and Linksys One applications as well as to enhance our carrier wholesale business. This will help us support our position as one of the leading IP network solutions providers for businesses and carriers in the US.”
“We are very pleased to have an investor of PAR Capital’s caliber as part of the CommPartners Connect ownership group,” said Clark.
CommPartners Connect currently provides wholesale VoIP services to over 200 service providers, dealers, and several domestic and foreign carriers utilizing its privately managed, controlled, and fully-redundant network and applications platform.
About CommPartners Connect:
CommPartners Connect is a nationwide IP-based network operator providing wholesale VoIP and enhanced IP applications to carriers, strategic partners and VARS. The CommPartners Connect IP network has been engineered to provide business-grade, IP-based voice and other value-added services. CommPartners Connect has obtained Competitive Local Exchange Carrier (CLEC) certifications in 49 states and the District of Columbia and certification in Alaska is pending. With nationwide IP network coverage, CommPartners Connect delivers reliable, high quality, and competitively priced carrier and wholesale hosted IP services for business including IP PBX, IPTrunking™, hosted contact center and CommPartners Connect™ for Linksys One. CommPartners Connect wholesale services are supported by a scalable and automated OSS platform for billing and account management. For more information, call 702-367-VoIP (8647) or visit the CommPartners Connect website at www.commpartnersconnect.com.
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