October 12, 2010
Mount Laurel, NJ (October 12, 2010) Ulticom, Inc. (NASDAQ: ULCM) ("Ulticom" or "Company") announced today that it has signed a definitive merger agreement with affiliates of Platinum Equity, LLC providing for the acquisition of Ulticom by an affiliate of Platinum Equity for merger consideration of $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. Shares held by Ulticom's controlling shareholder, Comverse Technology, Inc. ("Comverse") will be purchased by Platinum Equity’s affiliate pursuant to a separate share purchase agreement immediat...
Read moreSeptember 08, 2010
COLUMBIA, MD -- (MARKET WIRE) -- 09/08/10 -- PEAK Technologies, a Platinum Equity Company, today announced it has extended SAP workflow approvals for sales quotations to authorized PEAK users via their BlackBerry devices using the ITSmobile interface. PEAK has been a user of SAP ERP since March 2008, and since go-live has required authorized team members to review and approve sales quotations via SAP workflow from their fixed workstation. While the process met the requirements of the business, it did not allow for the review and approval of sales quotations from a mobile device while on th...
Read moreSeptember 02, 2010
Alliance Entertainment acquired from Source Interlink Companies by Platinum Equity...
Read moreSeptember 01, 2010
Firms Form Joint Venture That Will Operate CD-DVD-Game Distributor as a Standalone Business LOS ANGELES, CA (September 1, 2010) – Platinum Equity and The Gores Group today announced that they have acquired Alliance Entertainment from Source Interlink Companies, Inc. Financial terms of the transaction were not disclosed. Alliance Entertainment is the largest wholesale distributor of CD, DVD and videogame titles in the United States, providing distribution, fulfillment and other services to such retailers as Barnes & Noble, Borders, Amazon.com, Target.com and BestBuy.com. “The...
Read moreSeptember 01, 2010
Creates New Communications Powerhouse, Offering a Full Range of Nationwide IP Voice, Security, VPN and Internet Services SAN JOSE, Calif.– (BUSINESS WIRE)--MegaPath, Covad and Speakeasy today announced regulatory approval and the completion of their merger, creating a next generation Managed Services Local Exchange Carrier (MSLEC). The new company will have relationships with more than 85,000 business customers and over 4,500 partners throughout North America. The combined company will be called MegaPath and will operate one of the largest end-to-end facilities-based IP communications n...
Read moreAugust 18, 2010
Boat builder hosts dealers at Open House event in new facility Cadillac, Michigan, August 18, 2010 – Rec Boat Holdings announces the launch of its 2011 model year line up for Glastron Boats, with an Open House event conducted at the new manufacturing facility in Cadillac, Michigan. Dealers from all over North America and International markets attended the series of business meetings with opportunities to meet with the new management team, new plant familiarization tours and introductions to new sales and marketing programs. Along with the transition of production to the new Cadillac, M...
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