We’re extremely proud of where we are at this point in 2013. All four of ABG Capital’s portfolio companies have contributed to another successful quarter to put ABG Capital on its way to a record breaking year.
Pittsburgh, Pa (PRWEB) May 03, 2013
ABG Capital and its portfolio companies have exceeded their financial goals for the first quarter. They have also started an office build-out project that includes about 6,000 square feet of room that will accommodate the growth of Inspira and VoIP Innovations.
VoIP Innovations, ABG Capital’s largest investment, is a wholesale VoIP (voice over internet protocol) services provider. Their revenue is up 27% from the first quarter in 2012 and they are positioned to have a better year than they did in 2012. During this quarter, VoIP Innovations released a Titanium Private Label Platform (TPL), along with a number of new and updated features and functionalities.
GlobalPOPs, the industry’s largest aggregator of dial-up internet services, continues to actively acquire wholesale dial traffic, as well as end-users through its End User Services (EUS) nameplate. GlobalPOPs has just completed an expansion of their network to cover the vast majority of Level 3 territory. In addition, EUS has rolled out new product lines centered on static IP addresses that have proven in the first quarter to be solving a problem in the market place.
“We’re extremely proud of where we are at this point in 2013. All four of ABG Capital’s portfolio companies have contributed to another successful quarter to put ABG Capital on its way to a record breaking year,” stated Jeff Tapolci, CEO of ABG Capital.
Inspira, ABG Capital’s most recent venture, has seen a 40% increase in revenue from the first quarter in 2012. Their success has added validity to their comprehensive IRA rollover and retirement plan termination services in the market. In addition, they have acquired Fortune 500 customers who are bringing in a steady flow of accounts on a weekly basis.
ABG Capital is a privately held business management company located in Pittsburgh, PA. ABG Capital supports its portfolio company’s growth and success by offering aggregated back office services such as accounting, administrative, legal, IT, software development, HR, and marketing communications. Offering these services allows for the portfolio companies to have a competitive advantage as well as an equation for quick paced success. For more information, please visit the ABG Capital Blog.