Los Angeles, CA – June 30, 2009 – OpenGate Capital, a global private equity firm, today announced that is has sold its portfolio company, Global STAR Solutions, to a management-led buyout team.
OpenGate’s Founder and Managing Partner Andrew Nikou commented, “We are very proud of what we have accomplished with STAR Solutions to date. This transaction marks yet another successful exit for OpenGate, as well as a bright new chapter in the future of STAR Solutions.”
Terms of the transaction were not disclosed.
About Global STAR Solutions
Global STAR Solutions (“STAR Solutions”) is a leading supplier of network infrastructure products that enable CDMA/GSM wireless operators to reach their customers using Internet Protocol technology. These products deliver voice and broadband data services to CDMA2000 and GSM/GPRS mobile users including solutions that address rural mobile, enterprise, in-building, cruise ship, portable and military applications. Based on distributed network architecture, STAR Solutions technology allows operators to deploy an end-to-end solution with scalable and modular platforms and lowers the total cost of ownership.
For more information on STAR Solutions, please visit our website at www.starsolutions.com.