Atlanta – December 15, 2010 – Intelliverse, a leading communications solutions provider, announced today it has reached an agreement to merge with a subsidiary of Houston, Texas based Amvensys Telecom Holdings, LLC. The merger is subject to customary closing conditions, including regulatory approval, and is expected to be completed in the first quarter of 2011. Other transaction terms were not disclosed.
"I am excited to tap into the lucrative technology that Intelliverse brings," said Z. Ed Lateef, CEO of Amvensys. "I look forward to expanding Intelliverse's market presence and building on its technology foundation to launch new and exciting services."
"We are very happy to become part of the Amvensys family," said Kevin M Moran, President and CEO of Intelliverse. "The combined capabilities and resources of both organizations will allow us each to deliver a richer customer experience and reach a broader market."
"We are excited that Amvensys sees the intrinsic value both of our team and technology. We are confident that the combination of Intelliverse and Amvensys will allow for a powerful offering to be brought to market," said Angela Blatteis at Global Equity Capital.
For more information about Intelliverse and its communications services, visit www.Intelliverse.com.
Intelliverse is a provider of hosted communications solutions for enterprises. The company provides a complete, hosted cloud-based platform that integrates IVR, ACD and IP telephony into one solution, enabling enterprises to interact with customers more efficiently. By automating routine tasks such as call routing through customized solutions and consolidated reporting, Intelliverse provides comprehensive customer insight resulting in better business decisions. For more information, visit http://intelliverse.com/.
Amvensys is a diversified international technology, telecommunications, and energy services organization with a focus on residential and commercial customers. Some of the businesses that are wholly owned by Amvensys include dPi Teleconnect, dPi Mobile, dPi Energy, each based in Dallas, Texas and Amvensys Technologies, based in Bangalore, India. Amvensys is headquartered in Houston, Texas. For more information on its telephone, mobile, and energy brands please see www.dpiteleconnect.com; www.tagmobile.net; and www.dpienergy.com.
Global Equity Capital, LLC is a private equity firm focused on value creation through extensive operating expertise in small to middle-market transactions. GEC provides speed and flexibility in carve-outs of non-core assets from public and private entities, financial or operational turnarounds and growing businesses looking for operational and financial resource assistance. GEC is led by an experienced team, which has demonstrated over time a reliable track record of creating substantial value in its portfolio companies for shareholders and management. GEC is headquartered in Boulder, Colorado. For more information visit www.globalequitycap.com.
Jon K. Taylor
Amvensys Telecom Holdings, LLC
Vantage Communications for Intelliverse
Global Equity Capital, LLC