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Skyview Capital Completes Acquisition of Secure Transaction Division from UTStarcom


Skyview Capital, LLC, a privately held investment firm headquartered in Beverly Hills, CA, announced the successful acquisition of the RAS/TRAX Business unit (www.traxcomtech.com), from UTStarcom (NASDAQ GS: UTSI), a global leader in the manufacture, integration and support of IP-based, end-to-end networking and telecommunications solutions.

"Acquiring one of only a handful of providers of leading edge technologies in the rapidly growing secure transaction processing industry gives us a solid platform to build new emerging technologies in an evolving market with new channels and delivery systems. This investment in high volume, high growth, and high value transactions is directly in line with our core investment principle of building strong companies with mission-critical products that have global acceptance within an established blue-chip customer base," stated Alex Soltani, Chairman and CEO of Skyview Capital.

Skyview will continue the operations, support, and further development of these solutions under the new name of Traxcom Technologies, LLC, with the same staff that has developed and managed the technology and business under its previous ownership. This is an important step in assuring seamless transition and continued progress in this highly specialized technical operation.

Keywords: Communications, Data Management, End-to-end Network, Finance, Internet, LLC, Mobile and Wireless, Networks, Professional Services, Security, Skyview Capital, Skyview Capital, LLC, Software, Technology, Telecommunications, Skyview Capital LLC.
 
This article was prepared by Network Weekly News editors from staff and other reports

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