Magna5, an Innovative Network Service Provider, Unifies Three Successful, Growing Regional Communications Companies and Arrives on the National Scene.
November 10, 2016
DALLAS, Texas – Magna5, a portfolio company of NewSpring Holdings, NewSpring Capital’s dedicated buy and build strategy, announces the completion of its integration campaign. The unified organization brings together market-leading products, services, and solutions of three established telecommunications providers – X5 Solutions of Seattle, WA, CornerStone Telephone Company of Albany, NY, and NovaTel Ltd. of San Antonio, TX. The companies are now one, under the brand Magna5, a national Network Service Provider (NSP) and Managed Service Provider (MSP).
Headquartered in Dallas, TX, Magna5 operates office and network facilities across the country, including Miami, FL, Albany, NY, New York City, San Antonio, TX, Portland, OR, Los Angeles, CA, and Seattle, WA.
“Magna5 is committed to being the provider that seamlessly powers our customers’ vital communications connections,” says Greg Forrest, Magna5 Chief Executive Officer. “We are now one national company, providing sophisticated enterprise solutions with boutique, ultra-responsive customer service levels. As Magna5, we now go to market as a strong, leading and simply better way for our customers to communicate.”
Currently delivering network services, unified communications and infrastructure technology to more than 7,500 mid-market customers, Magna5’s customer base includes regional leaders within technology, education, healthcare, government, financial services and beyond.
Magna5 develops, deploys and operates a nationwide, proprietary, secure network designed to leverage diversified carriers and infrastructure in targeted points-of-presence (PoPs) throughout the United States, a key strategy for network reliability.
“Relative to the size of the other large carriers, Magna5 will remain a boutique provider focusing on high-value, high-touch services,” explains Skip Maner, General Partner of NewSpring Capital. “Magna5 already delivered specialized solutions to growing, mid-market enterprises. Its unique model is designed to mirror that of global carriers catering to the Fortune 500.”
Magna5’s products, solutions and services include hosted voice, high-velocity short duration (HSVD) termination, dedicated internet access, local dial tone, toll-free origination and termination services, plus an exclusive offering that includes UC stack to hosted, wireless backup, international toll-free and SD WAN. As Magna5 continues expanding, the company will offer Unified Communications as a Service (UCaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS), allowing growing businesses to maximize their own communication and collaboration platforms.
For more information, visit www.magna5global.com.
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About Magna5
Magna5 delivers network services, unified communications, and infrastructure technology to more than 7,500 mid-market enterprise customers, including regional leaders within the education, healthcare, government, financial services and beyond. Serving small- to mid-market sized companies, Magna5 offers traditional voice and data services as well as a host of “above the net” cloud services. Headquartered in Dallas, TX, Magna5 operates office and network facilities across the country, including Miami, FL, Albany, NY, New York City, NY, San Antonio, TX, Portland, OR, Los Angeles, CA, and Seattle, WA. Magna5 is a portfolio company of NewSpring Holdings, Radnor, PA-based NewSpring Capital’s dedicated buy and build strategy. For more information, please visit www.magna5global.com.
About NewSpring Holdings
NewSpring Holdings, LLC, NewSpring Capital’s dedicated buy and build strategy, focuses on control buyouts and platform builds, targeting profitable, growing companies seeking a financial partner to better assist them in achieving their goals. NewSpring Capital, based in Radnor, PA., collectively manages more than $1.5 billion of committed capital supporting more than 120 portfolio companies across its growth equity, control buyout and mezzanine debt strategies. Combining deep operating knowledge with financial and investing expertise, NewSpring Capital provides growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful. For more information, please visit www.newspringcapital.com.
