Delta Partners invests in US telecom firm
Dubai, February 2, 2010
Delta Partners, a leading Dubai-based TMT advisory and investment firm, has become a shareholder in Aricent, a US-headquartered technology and services company focused exclusively on communications.
Aricent combines the leading innovation capabilities of frog design with unparalleled domain expertise in communications as a strategic supplier to the world's foremost infrastructure, application and service providers, a statement said.
The company's investors include Kohlberg Kravis Roberts, Sequoia Capital, The Family Office and The Canadian Pension Plan Investment Board.
Delta Partners aims to support Aricent to accelerate its positive momentum of engagements with leading infrastructure, application and service providers worldwide, and in the Middle East and African region in particular.
"We believe Aricent provides tremendous opportunities for our Mena Telecom Fund,” said Rogier van Driessche, partner at Delta Partners.
“Aricent has a top-notch management team, a strong board of directors, a shareholders base including some of the world's most prominent investors, and a robust record of growth. Given that we share a focus on TMT (technology, media, telecommunications), we expect to play an active role in supporting their business in our region," added van Driessche.
Sudip Nandy, chief executive officer at Aricent, said: "The Middle East and Africa regions represent some of the highest growth markets for telecommunications, media and technology in the world.”
“We are very pleased to add Delta Partners as a new investor in Aricent, and look forward to their expertise and support of our business,” he concluded. – TradeArabia News Service