Tag: Avista Capital Partners
Avista Capital completes Telular acquisition
June 25, 2013SSN Staff
NEW YORK and CHICAGO—Avista Capital Partners has completed the acquisition of Telular, according to a news release.
As previously announced, Joe Beatty has stepped down as CEO of Telular as part of the closing. Avista Capital's Allen Yurko will act as interim CEO while the board of directors conducts a search for a permanent successor, the release noted.
“I am very pleased to be joining Telular at this exciting time,” Yurko said in the statement. “I look forward to working...
Alarm.com accuses Telular of taking intellectual property
May 22, 2013Tess Nacelewicz
VIENNA, Va.—Alarm.com, an interactive services provider based here, filed suit this week against Telular Corp., contending that Telular has been using Alarm.com's patent-protected products and services without permission as its own.Alarm.com contends that Telular has infringed on Alarm.com's patented systems and methods for providing users with wireless notification of alarm system events and also for monitoring a property using a mobile device. Alarm.com says the infringing products and services...
Telular to be acquired by Avista Capital in $253 million deal
May 1, 2013Rich Miller
CHICAGO and NEW YORK—Telular Corp., which provides cellular alarm communications equipment through its Telguard division, announced on Monday that it is being acquired by Avista Capital Partners in a deal valued at $253 million.Avista, a New York-based private equity firm that focuses on energy, health care and communications companies, is assuming $18.5 million debt as part of the deal, according to a news release from both companies. Avista is paying $12.61 per share, a premium of 31 percent...