Siris Capital Acquires TPx Communications

Siris Makes Significant Strategic Investment in Gigamon

February 22, 2024

Cybersecurity

Siris, a private equity firm, completed a significant strategic investment in Gigamon in December 2023, with Elliott Investment Management retaining its controlling interest. The capital will support Gigamon's product innovation and growth initiatives as the company expands its deep observability and cloud capabilities globally; financial terms were not disclosed.

Siris Acquires BearCom from Bertram Capital

November 27, 2023

Telecommunications

Siris, a New York-based private equity firm, has agreed to acquire BearCom, a North American provider and integrator of wireless voice, video and data solutions, from Bertram Capital. The transaction is supported by financing from MCCP (led the financing) and private-credit provider Bow River Capital; Siris plans to invest to expand BearCom's video security, private mobile networks and DAS capabilities to accelerate organic and inorganic growth.

Mavenir Acquires Telestax

August 25, 2021

Cloud & SaaS

Mavenir has acquired Telestax Inc., a Communications Platform-as-a-Service (CPaaS) enablement and application provider, to enhance its Mavenir Engage messaging monetization and customer engagement offering. The deal brings Telestax's CPaaS capabilities and Restcomm API-based tooling into Mavenir's cloud-native, omni-channel messaging portfolio to accelerate SaaS delivery and feature velocity for service providers and enterprises.

Telarus Acquires Comtel Communications

June 16, 2021

Telecommunications

Telarus, the largest privately held technology services distributor, has acquired Comtel Communications, a Richmond, Virginia-based telecom master agency. The deal expands Telarus' partner network and resources to support Comtel's subagents, aiming to drive growth, secure partnerships, and improve partner earnings and support.

Siris and Evergreen Acquire Travelport Worldwide

May 30, 2019

IT Services

Affiliates of private equity firms Siris Capital Group and Evergreen Coast Capital (an Elliott affiliate) completed an all-cash acquisition of Travelport Worldwide Limited for approximately $4.4 billion. Travelport will be privately held by the buyers, delist from the NYSE, and the deal is intended to support investment in the company’s travel commerce platform and continued product and capability development.

Arcapita Affiliate Acquires Cypress Communications

June 30, 2005

Telecommunications

An affiliate of Arcapita Inc. has acquired Cypress Communications Holding Co., Inc. in a transaction valued at $41.5 million, taking the company private. Cypress, a hosted PBX and managed IP communications provider headquartered in Atlanta, will be led by new CEO Robert D. Shingler and will receive debt-free, all-equity capital from Arcapita to accelerate growth and expand its services to small and mid-sized business customers.