BIA Digital Partners Invests $12 Million in Ariston Global : Investment Supports Company's Roll-up Strategy

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BIA Digital Partners II LP, http://www.biadp.com, a private investment firm focusing on mid- to later stage companies, announced today a debt investment of $12.0 million in Ariston Global Holding, LLC ("Ariston Global" or the "Company"), http://www.aristonglobal.com, providing the Company with capital to help support the purchase of ACE*COMM Corporation (“ACE*COMM”). Ariston Global is owned by Spire Capital Partners, L.P. and management, which provided additional equity in conjunction with the acquisition.

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BIA Digital Partners understands our business and provided an unwavering commitment during stressful financial market conditions

Ariston Global, based in Pittsford, NY, was founded by telecom veterans Steve Dubnik and Kevin Dickens in partnership with Spire Capital in early 2006 with the purpose of rolling up niche OSS/BSS (Operations Support Systems and Business Support Systems) software providers offering applications for communications service providers. Prior to the acquisition of ACE*COMM the Company had made four acquisitions in recent years: (i) Telesciences, (ii) Strata Group, (iii) 10e Solutions, and (iv) Interactive Enterprise and has over 100 customers with a strong presence in North America. The Company offers a broad range of services with expertise across all OSS/BSS products including mediation, customer care, service fulfillment, and service assurance.

ACE*COMM, founded in 1983 and based in Gaithersburg, MD, provides telecommunications service providers and large enterprises with OSS/BSS services. ACE*COMM brings a strong international presence and significant experience in the mobile industry to Ariston Global with over 300 customers in approximately 70 countries worldwide.

"BIA Digital Partners understands our business and provided an unwavering commitment during stressful financial market conditions," said Kevin Dickens, co-CEO of Ariston Global. "Their capital was critical to our continuing to acquire complementary business like ACE*COMM," added Steve Dubnik, co-CEO.

"Having witnessed Steve and Kevin's strengths as telecom operators, it was easy to become comfortable that they can add value in the telecom supply chain. Scale and product breath is important and we were pleased to help Ariston Global continue executing their acquisition strategy," states Lloyd Sams, Managing Principal at BIA Digital Partners.

Additional information on BIA Digital Partners II LP is available by contacting Lloyd Sams or Damien Dovi at (703) 227-9600. Further information is also available at http://www.biadp.com.

About Ariston Global Holding LLC

Ariston Global's vision is to create an innovative organization through combinations of acquisition, merger and organic growth that will provide enabling tools, services and solutions to the communications industry worldwide. Through thoughtful integration, collaboration and partnering, the Ariston Global group of companies realizes the benefits of an association with a larger, diverse and expanding organization - but without compromising each company's heritage of individual focus and passionate customer orientation. Ariston Global is a portfolio company of private equity firm Spire Capital Partners, LLC and is based in Pittsford, NY. For more information about Ariston Global, go to http://www.aristonglobal.com.

About Spire Capital Partners

Spire Capital Partners, L.P. is a private equity firm founded in 2000 with approximately $600 million in assets under management across two funds. Spire partners with management teams to invest in small market companies within business services, information services, media and communications sectors. The firm is headquartered in New York. For further information, please visit their website at http://www.spirecapital.com.

About BIA Digital Partners

BIA Digital Partners is a private investment firm, managing over $250 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid- to later-stage companies operating in the media and entertainment, telecommunications, information, business and consumer services industries. Investments generally range from $5 to $12 million and are in the form of subordinated debt with warrants or preferred equity. For more information, go to http://www.biadp.com.

BIA Digital Partners has two affiliates, BIA Capital Strategies, LLC and BIA Financial Network (BIAfn). BIA Capital Strategies provides merger and acquisition advice and arranges equity and debt funding. BIAfn, the nation's leading communications appraisal and valuation firm for more than two decades, assists with valuations, research and analysis, strategic consulting, and financial and operational consulting. For more information, visit http://www.biacapital.com and http://www.bia.com.

Suggested keywords: BIA Digital Partners, Ariston Global Holding, Spire Capital Partners, ACE*COMM, BIA Financial Network, telecommunications, debt investment, private equity, investment banking

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