Altura Communication Solutions Acquires Universal Capital Funding of Edina, Inc.
Anaheim, CA - Feb 22, 2006 - Altura Communication Solutions, a Platinum Equity company and leading nationwide provider of converged voice and data communication solutions and services, announced today that it has completed the acquisition of Universal Capital Funding of Edina..
Headquartered in Minnesota, Universal Capital is an Avaya Silver certified business partner that provides new and used telecommunications equipment and support services throughout the United States. The acquisition will enable Altura Communication Solutions to expand its industry leading service and support footprint to reach more customers in the United States.
"With more than 4,000 satisfied customers, Universal Capital has earned a reputation as a leading sales and support organization," said Bob Blazek, president and chief executive officer for Altura Communication Solutions. "This acquisition will expand Altura's market footprint and provide Universal Capital customers with a single point of contact for a broader range of converged voice, video and data solutions."
"We recognized the need of providing end-to-end converged solutions and support programs to our customers. By joining forces with Altura, we can provide our customers with a broader range of solutions and services," said Tim Gagner, president of Universal Capital Funding of Edina. "The combined strengths and resources of the two companies will provide our customers with industry leading solutions and services as they migrate to converged communications."
Altura Communication Solutions specializes in providing converged voice, video and data solutions and support services to enterprises throughout North America. For six consecutive years, Altura has been ranked as the number one enterprise service and support organization by the Telecom Manager's Voice Report. Universal Capital sales and support employees will join Altura Communication Solutions.
About Altura Communication Solutions
Headquartered in Anaheim, California,
Altura Communication Solutions sells and services a variety of products, including voice over IP switching systems, unified communication systems, contact centers, multi media conferencing systems, network system management tools, data switching and routing products. The company has nationwide service capabilities and an enterprise customer base of more than 2,500 companies in the financial, education, healthcare and government markets. Altura is owned by Platinum Equity.
About Platinum Equity
Platinum Equity is a global M&A&OŽ 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, manufacturing, and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has acquired more than 50 businesses with more than $121 billion in aggregate revenue at time of acquisition.
About Universal Capital Funding of Edina, Inc.
Based in suburban Minneapolis, Universal Capital, Inc. provides sales, service, consulting, leasing and rental of new and quality used computer and business telecommunication hardware.
For more information contact:
Mark Izumi
Altura Communication Solutions
714-948-8501
alturasales@alturacs.com
