WAYNE, PENNSYLVANIA – November 5, 2019: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of NetPlus Group, LLC (“NetPlus”) to Swiftcurrent Holdings (“Swiftcurrent”), an affiliate of ESW Capital (“ESW”).
Headquartered in Rockville, MD, NetPlus is a leading communications management solutions provider of software-based solutions to a long-tenured and loyal client base of government and commercial entities. With more than 35 years of experience, NetPlus offers a suite of software and services solutions for telecommunications and mobile expense management, data validation, fault management, inventory tracking and control, provisioning, mobile device management and security, and more.
In October 2014, NetPlus was acquired by private equity firm StoneCalibre. Headquartered in Los Angeles, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities.
Based in Austin, Texas, Swiftcurrent is part of the ESW Capital group and is specifically focused on acquiring and growing industry-focused business software companies. ESW buys, transforms, and runs mature software and technology companies. By taking advantage of its unique operating platform, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Trilogy, Aurea, Versata, and Ignite Technologies.
Lewis Talbert of Swiftcurrent served as the lead investor for this acquisition and worked extensively with Falcon Capital Partners on the transaction. Lewis writes, “Falcon Capital Partners was very helpful in working through the complexities of such a large and complicated transaction. I’m not sure we could have completed this acquisition without their assistance.”
Ben Gray, Chief Revenue Officer and General Manager of NetPlus, led the process from the sell-side. Ben writes, “The Falcon team was a pleasure to work with in this transaction. They demonstrated a strong depth of knowledge in telecom and mobility management space, strong process management and negotiation skills, and the patience and determination to bring the buyer and seller to a mutually agreeable place to complete the deal.”
Mr. Talbert’s involvement will enable NetPlus to continue its expansion into both the government and commercial sectors. Ben Gray will continue to lead NetPlus. Terms of the transaction were not disclosed.
Falcon Capital Partners served as the exclusive sell-side advisor to NetPlus. The Falcon deal team was led by Managing Director Mark Gaeto, Vice President Rob Jennings, and Senior Associate Conrad Olenik. Falcon has represented several software companies in the telecom and mobility management space, including most recently Wireless Analytics, a Massachusetts based company, in its May 2019 acquisition by Boston-based Motus. Motus is a portfolio investment of private equity firm Thoma Bravo.