Sale of Modality Systems, Inc. to GCI Managed Services Group Limited

Technology & Services
Sale of Modality Systems, Inc. to GCI Managed Services Group Limited

Summary

Baird served as exclusive financial advisor to Premiere Global Services, Inc. on this transaction

About

Premiere Global Services, Inc. (“PGi”), a portfolio company of Siris Capital (“Siris”), recently announced the sale of its subsidiary, Modality Systems, Inc. (“Modality” or the “Company”), to GCI Managed Services Group Limited (“GCI”), a portfolio company of Mayfair Equity Partners (“Mayfair”). Terms of the transaction were not disclosed.

PGi is the world's largest dedicated provider of collaboration software and services. For more than 25 years, PGi’s broad portfolio of products has served the end-to-end collaboration needs of enterprises. PGi was founded in 1991 and is headquartered in Atlanta, Georgia.

Siris Capital is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments.

Modality Systems, Inc. is an award-winning provider of communications and collaboration software and services. Modality is the world’s largest dedicated Microsoft communications practice, providing communications and collaboration services to over 5 million people, in more than 1000 public and private organizations, in over 100 countries. The Company helps global organizations realize and extend the business value, and transformational impact of Microsoft’s evolving communications and collaboration suite. Modality was founded in 2007 and is based in St Albans, the United Kingdom.

GCI is one of the United Kingdom’s leading converged ICT service providers. GCI provides a suite of managed services designed around five integrated technology pillars: full IT support, unified communications, cloud, security & compliance and network & infrastructure. GCI provides a consultative service backed by more than 225 technical staff from its 500-strong workforce. GCI is headquartered in Lincoln, the United Kingdom with additional offices in the United Kingdom.

Mayfair Equity Partners is a buyout and growth capital investor providing capital to dynamic businesses in the TMT and Consumer sectors. Mayfair’s primary focus is on building strong partnerships with exceptional management teams. Mayfair is based in London, the United Kingdom.
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Technology & Services
Sale of Modality Systems, Inc. to GCI Managed Services Group Limited
Date
June 2019
Company
Premiere Global Services, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
Europe

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