Magna5, a NewSpring Holdings company offering a complete suite of custom telecommunications solutions, has been awarded the sole contract to provide toll free calling and support services to the State of Washington.

“Magna5 has a long-standing relationship with the State, and we’re pleased they recognize our technical capabilities and highly responsive customer approach”

The initial contract calls for Magna5 to provide toll free calling services to all Washington state agencies, including institutions of higher education, cities and counties, other political subdivisions or special districts, and nonprofit corporations for three years for a total estimated value of $24 million. The agreement includes an option to expand services for an additional six years, with further growth potential tied to future Magna5 new service introductions.

This is Magna5’s third contract to provide toll free calling to the State of Washington since 2003.

“Magna5 has a long-standing relationship with the State, and we’re pleased they recognize our technical capabilities and highly responsive customer approach,” said Greg Forrest, Magna5 CEO. “This unique combination made us the best choice to manage this major part of their expanding telecommunications network. Our experience and unique understanding of the State’s priorities, along with our growing national network and extensive suite of business tools, allows us to offer customized toll free services to meet their needs better than any large exchange carriers.”

ABOUT MAGNA5

Magna5 delivers network services, unified communications (UC), infrastructure technology and managed services to more than 7,500 mid-market enterprise customers nationwide, including leaders within the education, healthcare, government, financial services and beyond. Magna5 offers voice and data services, as well as a host of “above the net” cloud services and operates a 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. Within the managed services offerings, Magna5 provides security services, data backup, recovery management, hosting services, and IT Consulting from their 24/7/365 fully staffed Operations Center.  Headquartered in Dallas, Magna5 operates office and network facilities across the country, including Albany, NY; Los Angeles; New York City; Pittsburgh; Portland, OR; San Antonio; Seattle, and Troy, NY.  Magna5 is NewSpring Holdings’ voice and data managed services platform.  For more information, visit www.magna5global.com.

ABOUT NEWSPRING HOLDINGS

NewSpring Holdings, NewSpring’s dedicated holding company with a buy-and-build strategy focused on control buyouts and platform builds, brings a wealth of knowledge, experience, and resources to take profitable, growing companies to the next level through acquisitions and proven organic methodologies. Founded in 1999 NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt.  Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. Visit NewSpring at www.newspringcapital.com.