AUSTIN, TX--(Marketwired - Nov 11, 2013) - One Source Networks (OSN), the cloud and managed services partner of choice for large enterprises, announced today the completion of a significant minority investment transaction with ABRY Partners.
The investment, which closed on November 1, will provide working capital as well as funds for continued business expansion, including new global points of presence that OSN is currently deploying to grow reach and ensure seamless delivery of services such as unified communications (UC).
"We see the timing of this partnership as tremendously beneficial for both One Source Networks and ABRY Partners," stated Ernest Cunningham, chief executive officer, One Source Networks. "Our company has experienced tremendous growth over the past several years -- from a financial, talent, product and infrastructure perspective. Working with ABRY will help us to expand our capabilities and service offerings at an accelerated pace so that we can continue to deliver the innovative services and expertise that our global enterprise customers demand."
"This transaction represents a significant milestone for One Source Networks in terms of the size of investment, as well as the scope of partnership," said Jim Tipton, chief financial officer, One Source Networks. "ABRY's expertise in the communications sector was a key decision factor for OSN and we are confident that it will further enable our success."
One Source Networks' growth has placed it on Inc. magazine's list of the 5,000 fastest-growing private companies for the third straight year, with 376% revenue growth from 2009 to 2012. The company also acquired cloud-managed solutions provider OuterNet in January 2013, enabling it to grow its managed services portfolio, data center footprint and in-house technical expertise.
"ABRY Partners is very pleased to be working with One Source Networks," commented Nicolas Massard, Principal, ABRY Partners. "We believe that the company occupies a unique niche in the industry due to its expertise and deep understanding of the evolving communications needs of enterprise customers. We look forward to being a part of the company as it continues its rapid expansion and innovation, particularly in the areas of managed services and unified communications."
Q Advisors LLC, a Denver and San Francisco telecom and technology investment bank, acted as exclusive financial advisor and placement agent to One Source Networks in connection with the transaction.
About One Source Networks
One Source Networks is a leading provider of innovative managed communications solutions for the Fortune 1000. Delivering ubiquitous access to cloud-based voice, video, security and computing applications, as well as enterprise networking and infrastructure services, the company offers customizable, cost-effective and scalable solutions delivered on its fully redundant global network infrastructure with interconnection to more than 200 global suppliers. The OSN difference is simplicity, cost reduction and customer service focus that delivers all solutions under one contract, one team and one invoice. One Source Networks is a three-time winner of the Inc. 500 | 5000 award that highlights America's fastest-growing private companies.
About ABRY Partners
ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. Since its founding, ABRY has completed more than $36 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements, representing investments in over 450 properties.