Princeton, NJ (PRWEB) January 14, 2016
Edison Partners announced today the strategic acquisition and successful exit of Telarix, Inc. to Vista Equity Partners.
Headquartered in Vienna, VA, Telarix is the telecommunications industry’s de-facto standard for electronic information exchange, allowing customers to increase their revenue, extend their reach, and optimize their interconnect businesses. Telarix has been named the market leader in Communications Service Provider (CSP) billing for Interconnect & Settlement providing billing, settlement, trading, routing, and price list management solutions to the largest carriers around the globe, and was recently awarded the prestigious Global Carrier Award for Best Anti-Fraud Innovation.
Telarix grew 7X since Edison’s original investment in 2003. “The founders and current executive team of Telarix were able to create a whole new telecom software industry category over the past decade; an exciting and rewarding experience that all of us at Edison Partners are proud to be a part of,” said Edison Partners General Partner Gary Golding. “We wish CEO, Glen Kazerman and his team great success in the future.” Golding led Edison’s investment and served on the board along with long-time Edison Director Network member John Kealey.
“Since 2003, Gary and the Edison team have provided invaluable strategic insights, guidance, and support at critical turning points in our business,” said Glen Kazerman, CEO of Telarix. “They are a true partner in every sense of the word, and we look forward to continuing to scale to meet the evolving needs of our clients.”
Edison Partners has financed and guided more than 200 private companies, including 46 Enterprise 2.0 companies, encompassing telecommunications solutions and operations support leaders that automate core business processes and solve business operations challenges. Noteworthy exits include Archive Systems, Assessment Systems, Axent, InSoft, Marcam, Octagon, Tangoe, VirtualEdge, Notable Solutions, Uptivity, and VFA. Current Enterprise portfolio companies include Billtrust, eSentire, Kemp Technologies, Logfire, MotionSoft, Neat, Operative, and Redvision.
With a community of over 4,000 carriers, Telarix is the de-facto standard in electronic information exchange. Every day, we empower our clients with wholesale billing, business intelligence, fraud management, least-cost routing and partner settlement solutions. For more information, visit us at http://www.telarix.com.
About Edison Partners
For 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and marketing technology industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Princeton, NJ, McLean, VA, and Cleveland, OH, manages more than $1 billion in assets throughout the eastern United States.