For Immediate Release Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com

Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com
...........................................................................................................

Platinum Equity Acquires Ulticom

Morgan Keegan is pleased to announce that Ulticom has been acquired by Platinum Equity in a public-to-private transaction. Morgan Keegan Technology Group was the lead advisor to Ulticom in this approximately $90 million transaction. Platinum Equity purchased the outstanding shares of Ulticom, after paying a special dividend.  Ulticom fabricates signaling software, enabling telecommunications network equipment and service providers to deploy services within wireless, IP and wireline networks. 

Platinum Equity is vested in facilitating Ulticom's transition to a private company and plans to improve overall business performance. "Ulticom is well recognized for quality and innovation, and we believe the company is positioned to thrive as the market for high-bandwidth services continues to evolve," said Matt Young, principal for Platinum Equity. "We believe Ulticom and its customers will benefit from our operations expertise and our commitment to delivering world-class products and exceptional customer service."
About Ulticom
 
Ulticom provides service essential signaling component and system solutions for wireless, wireline, and Internet communications. Ulticom's products are used by leading telecommunication equipment and service providers worldwide to deploy broadband mobile access, multimedia transport control, subscriber data management and enhanced communication services. Ulticom is headquartered in Mount Laurel, NJ, with additional offices in the United States, Europe, and Asia.
 
About Platinum Equity
 
Platinum Equity (www.platinumequity.com) is a global M&A&O firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition. 
Morgan Keegan is pleased to announce that Zensar Technologies Limited, a leading software services and solutions provider based in Pune, India, has acquired PSI Holding Inc. (Akibia), a leading US provider of data center management and support services. Under the terms of the agreement, Zensar has acquired all of the outstanding stock of Akibia through a merger process with Zensar's wholly owned US subsidiary.  Zensar's acquisition of Akibia furthers its mission to strengthen its position in the critical and fast growing Infrastructure Management and Information Security space by combining Zensar's Remote Infrastructure Management (RIM) offshore services for global clients with Akibia's US and European Data Center practice. Morgan Keegan Technology Group acted as the exclusive financial advisor to Akibia.

About Morgan Keegan
 
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,400 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
  • Transportation & Logistics
  • Industrial
  • Consumer
  • Energy
  • Security, Safety & Defense
  • Business Services
  • Healthcare
  • Technology
  • Real Estate
  • Financial Institutions

 

 

 
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