Fine Point Technologies, Inc. Acquires German Telecom Integrator
NEW YORK CITY– June 3, 2009-- Fine Point Technologies, Inc. (Fine Point), a provider of unique tools for broadband network connectivity management, and private equity firm Access Point LLC, have entered into an agreement for Fine Point to purchase Sonic Telecom GmbH (Sonic). Based in Neu-Anspach, Germany, Sonic provides software and systems integration services to internet service providers and telecommunications companies throughout Europe.
Sonic has been an authorized reseller of Fine Point’s device management technologies since 2005, in addition to marketing VoIP gateway systems and services. The business combination brings a complementary customer base and a deeper presence in Europe for Fine Point to sell its software solutions to more communications providers who want to improve cost controls and customer satisfaction for their offerings.
Fine Point said that its plans to retain Sonic’s engineering and sales staff who are already knowledgeable in selling and supporting Fine Point’s products. Fine Point will also maintain Sonic’s existing facility in Germany, and rename the entity Fine Point Technologies, Inc. Financial terms for the transaction were not disclosed.
About Sonic Telecom GmbH
Sonic Telecom GmbH (www.sonictelecom.com), founded in 1999, and owned by U.S. private equity firm Access Point LLC, is based in Neu-Anspach, Germany. In addition to being an authorized reseller of Fine Point Technologies’ products, the company provides VoIP gateway systems and integration services for both traditional and SIP-based communications networks. Its customers are internet service providers and international communications carriers based in Eastern and Western Europe, Asia and Africa.
About Fine Point Technologies, Inc.
Since 1997, Fine Point Technologies (www.finepoint.com) has continued to evolve its diverse line of industry-leading solutions to assist wireline and wireless communications service providers in meeting and exceeding the demands of profitably managing the customer experience. Today, hundreds of communications service providers – serving more than 15 million customers in the US and global markets—use Fine Point’s scalable support automation solutions and other device management technologies to provision, activate and manage their subscribers’ service.
Based in New York City, Fine Point’s customers are located throughout the U.S., Latin America, Europe and Asia.
Media & Analyst Contact:
For Fine Point Technologies
Gerry Simone
703-994-4418
gerry@simonecommunications.com
