Siris Capital Group LLC provides advisory services. The Company oversees pooled investment vehicles. Siris Capital Group primarily services clients throughout the United States.
Since 2011, this firm has focused on controlling investments in mature mission-critical technology and telecom companies at critical intersections, raising over $5.9 billion in committed capital.
Private Equity Firm
Siris Capital provides fresh thinking and an innovative approach to tech and telecom private equity investing, emphasizing making control investments at strategic crossroads in mature mission-critical businesses. Their portfolio companies feature products and services to connect, communicate, and support the infrastructure required for these technologies. As of 2016, they had raised $5.9 billion cumulatively committed capital, seeking investments with transaction values between $500 million and $5 billion.
Digital River, Inc. announced in March 2019 its agreement to be acquired by Siris Capital Group LLC (Siris). Digital River shareholders will receive shares in Siris as part of the transaction, with Digital River continuing as an affiliate subsidiary. Approval from Digital River stockholders and customary closing conditions must also be satisfied for completion.
Siris is an industry-leading private equity firm focused on data, telecom, and technology-enabled business service companies. With a proven track record and commitment to long-term partnerships with portfolio companies, the firm specializes in creating value by helping companies develop and execute strategies while offering hands-on operational expertise.
Siris has invested in several financial services firms, such as ESW Capital, Aquila, and Vista, which have experienced rapid growth over time and become industry leaders within their sectors. Furthermore, these innovative firms can quickly adapt to an ever-evolving marketplace.
The SEC and state regulatory bodies oversee this company’s advisory operations and have previously advised pooled investment vehicles. As of today, its management portfolio comprises approximately $6.19 billion across 15 clients with offices located within the United States.
Our fee structure at the company is determined by a percentage of assets under management, which encourages long-term relationships between adviser and client while aligning mutual interests. Furthermore, there are no additional charges such as brokerage commissions, interest, or taxes levied against us by this model.
Technology & Telecom
Siris Capital, a New York-based private equity firm, specializes in controlling investments in North America’s data/telecommunications, technology, and tech-enabled business services companies. The firm targets mission-critical mature tech & telecom businesses at strategic crossroads for investment opportunities. Established by Frank Baker, Peter Berger, and Jeffrey Hendren in November 2011
This firm seeks businesses that generate recurring revenue and have the potential to scale significantly, companies disrupting or changing industry, and those with global presence.
Past investments of this firm included software, hardware, and internet infrastructure investments. Looking ahead, this firm plans to broaden its portfolio with additional investments across additional segments; to do this effectively, it employs a research team that analyzes various aspects of each industry sector in question.
According to sources familiar with this matter, Siris has an office near San Francisco but has not acquired any West Coast companies in the last 18 months. They asked not to be identified as this information is confidential. Furthermore, deal opportunities involving Bay Area firms represented only 10% of non-disclosure agreements signed by Siris.
TPx Communications, which offers managed communications-as-a-service (UCaaS), managed security, and other managed IT services, is owned by affiliates of Siris Capital Group. Chief executive Richard Jalkut recently retired and will be replaced by Siris Executive Partner Joseph Cozzolino.
Siris Capital boasts an impressive list of investors, which includes some of the world’s leading hedge funds and mutual fund managers. Its three founders boast impressive resumes with years of private equity experience: Peter Berger was head of Arthur Anderson’s Corporate Finance Group before founding Siris; Frank Baker and Jeffrey Hendren both previously worked as investment bankers at Bear Stearns; Frank served as Managing Director there before that.
Financial Services
Siris Capital is a private equity firm investing in technology-enabled business services companies. Established in 2011 and with headquarters in New York City, their investments include travel, financial services, healthcare, and software sectors.
This company boasts an outstanding track record in investing in high-growth businesses, creating value for shareholders over time. They specialize in investing in transition and undervalued situations and supporting complex technology transitions while helping streamline business processes and offering access to an advisory network and resources.
EQ’s shareholders have unanimously approved this transaction, which is scheduled to close shortly. Once combined, the company will become an industry leader for mission-critical shareholder, pension, remediation, and credit technology services. Combining EQ with AST is an excellent strategic fit to create a more robust and cost-efficient platform for customers, employees, and shareholders. Greenhill and Goldman Sachs International provided advisory services for each party, while Wachtell Lipton Rosen & Katz and Macfarlanes LLP served as legal advisers for Siris.
One of the critical aspects of the Siris Capital merger is how it will impact employees. Neither EQ nor AST plans on changing their locations or working email addresses following the completion of this transaction, enabling current contacts to continue working under similar conditions as before the merger took effect.
Siris Capital Group LLC is a large advisory firm managing $6.19 billion across 15 client accounts. Their most prominent clients are pooled investment vehicles. Siris offers management fees based on account size and performance-based fees to encourage clients to meet their goals more successfully; its compensation model stands out among its peers.
Healthcare
Siris Capital is a firm focused on controlling investments in technology, telecom, and healthcare companies. Their investment focus includes businesses with an enterprise value between $250 million and $2 billion and those offering excellent business models with solid growth potential. Robert A. Levine is their Senior Managing Director and Group Head for Healthcare Investment.
Siris Healthcare Group, founded in 2007, has acquired several healthcare-related firms since 2006; one such acquisition is Travelport – a provider of distribution, technology, and payment solutions to the travel industry founded in Langley in 2006 with Greenhill acting as financial advisor while Sidley Austin LLP and Kirkland & Ellis LLP provided legal counsel in regards to this transaction.
Siris is committed to being a responsible investor, taking steps to incorporate environmental, social, and governance (“ESG”) factors into its investment process and portfolio company oversight processes. Siris does not mandate that its investments adhere to any specific ESG framework.
