Skyview Capital-backed NewNet acquires Halifax's NewPace
U.S. private equity firm Skyview Capital, through its portfolio company NewNet Communication Technologies LLC, has bought NewPace Technology Development Inc, a Halifax, Nova Scotia-based provider of mobile and wireline telecom software for global carriers. The financial details of the transaction were not disclosed. NewNet said the acquisition will enable the company to provide enhanced messaging solutions and expand its development initiatives. The Arlington Heights, Illinois-based NewNet, a mobile technologies platform, was acquired by Skyview in 2007.
11 June 2014•4 mins read
