Solix, Inc. Announces Acquisition of Consolidated Market Response
Poster: SySAdmin
Posted on March 1, 2010 at 2:56:01 PM
Solix, Inc. Announces Acquisition of Consolidated Market Response
NJ-based Domestic Process Outsourcing Firm Acquires Call Center Division of IL-based Telco to Form New Entity, Solix CMR, LLC
PARSIPPANY, N.J., March 1 -- Solix, Inc., a leading domestic process outsourcing firm focusing on government and commercial markets, announces its February 28, 2010 acquisition of Consolidated Market Response (CMR), a division of Consolidated Communications Holdings, Inc. (NASDAQ: CNSL), a full-service telecommunications provider.
CMR was formed in 1988 primarily to serve the communications industry. Headquartered in Charleston, IL, with additional facilities in Mattoon, IL, and Terre Haute, IN, CMR helps clients manage relationships with its customers via inbound and outbound teleservices, lead generation, customer service, fulfillment, click to chat, email support and database management. The business has grown over the years and today employs approximately 350 people.
Consolidated Market Response will now be known as Solix CMR, LLC, and will continue to operate from its offices in Charleston, IL, Mattoon, IL and Terre Haute, IN.
"Solix's resources will enable CMR to fully realize and grow the long-term value of its team and services," said John Parry, President and CEO of Solix, Inc. "The CMR acquisition represents a significant growth platform for Solix and we expect to realize significant revenue and operating synergies for both the existing core Solix operations as well as for CMR."
"As a call center, CMR is a good strategic fit for Solix, and we expect it to be a core element of Solix's business going forward. The capabilities CMR brings will be an asset to Solix, and this is a positive opportunity for Consolidated Communications and CMR," said Bob Currey, President and CEO of Consolidated Communications.
Rick Hall will be Chief Operating Officer of Solix CMR. Janice Molloy, Solix Managing Director of Affiliated Companies, will oversee the integration and ongoing relationship between Solix and Solix CMR. Bob Paige of Brown Brothers Harriman is acting as financial advisor to Solix in the transaction. Bill Connolly and Marc Yudkin of Riker Danzig Scherer Hyland & Perretti LLP are serving as the legal advisors to Solix and Alex Young and Jim Brown of Schiff Hardin are acting as legal advisors to Consolidated Communications Holdings, Inc.
For more information, please contact:
Jack Miller
Solix, Inc.
Senior Vice President - Corporate Development
Phone: (973) 581-5300
E-mail: jmiller@solixinc.com
About Solix
Solix, Inc. is a process outsourcing firm serving government and commercial clients. We provide complete solutions for program administration, with an emphasis on eligibility determination, funds distribution, grant administration, claims processing services, registry administration, managerial reporting, and compliance reviews. Solix-managed programs include Internet and telecommunications infrastructure grant administration for schools, libraries, and rural health care providers; low-income telephone and electric service discount certification and verification; and support services for the physically impaired. Through its wholly-owned subsidiary, Lytmos Group, Solix offers peer-review and grant program administration services, with a focus on high-technology research, economic development projects, and social services interventions. Learn more about Solix at http://www.solixinc.com.
About Consolidated Communications
Consolidated Communications Holdings, Inc. is an established rural local exchange company providing communications services to residential and business customers in Illinois, Texas and Pennsylvania. With 250,370 ILEC access lines, 71,723 Competitive Local Exchange Carrier (CLEC) access line equivalents, 97,750 DSL subscribers, and 21,518 IPTV subscribers at September 30, 2009, the Company offers a wide range of telecommunications services, including local and long distance service, digital telephone service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, and directory publishing. Learn more about Consolidated Communications at http://www.consolidated.com/.
Source: Solix, Inc.
CONTACT: Jack Miller, Senior Vice President - Corporate Development,
Solix, Inc., +1-973-581-5300, jmiller@solixinc.com
Web Site: http://www.solixinc.com/
NJ-based Domestic Process Outsourcing Firm Acquires Call Center Division of IL-based Telco to Form New Entity, Solix CMR, LLC
PARSIPPANY, N.J., March 1 -- Solix, Inc., a leading domestic process outsourcing firm focusing on government and commercial markets, announces its February 28, 2010 acquisition of Consolidated Market Response (CMR), a division of Consolidated Communications Holdings, Inc. (NASDAQ: CNSL), a full-service telecommunications provider.
CMR was formed in 1988 primarily to serve the communications industry. Headquartered in Charleston, IL, with additional facilities in Mattoon, IL, and Terre Haute, IN, CMR helps clients manage relationships with its customers via inbound and outbound teleservices, lead generation, customer service, fulfillment, click to chat, email support and database management. The business has grown over the years and today employs approximately 350 people.
Consolidated Market Response will now be known as Solix CMR, LLC, and will continue to operate from its offices in Charleston, IL, Mattoon, IL and Terre Haute, IN.
"Solix's resources will enable CMR to fully realize and grow the long-term value of its team and services," said John Parry, President and CEO of Solix, Inc. "The CMR acquisition represents a significant growth platform for Solix and we expect to realize significant revenue and operating synergies for both the existing core Solix operations as well as for CMR."
"As a call center, CMR is a good strategic fit for Solix, and we expect it to be a core element of Solix's business going forward. The capabilities CMR brings will be an asset to Solix, and this is a positive opportunity for Consolidated Communications and CMR," said Bob Currey, President and CEO of Consolidated Communications.
Rick Hall will be Chief Operating Officer of Solix CMR. Janice Molloy, Solix Managing Director of Affiliated Companies, will oversee the integration and ongoing relationship between Solix and Solix CMR. Bob Paige of Brown Brothers Harriman is acting as financial advisor to Solix in the transaction. Bill Connolly and Marc Yudkin of Riker Danzig Scherer Hyland & Perretti LLP are serving as the legal advisors to Solix and Alex Young and Jim Brown of Schiff Hardin are acting as legal advisors to Consolidated Communications Holdings, Inc.
For more information, please contact:
Jack Miller
Solix, Inc.
Senior Vice President - Corporate Development
Phone: (973) 581-5300
E-mail: jmiller@solixinc.com
About Solix
Solix, Inc. is a process outsourcing firm serving government and commercial clients. We provide complete solutions for program administration, with an emphasis on eligibility determination, funds distribution, grant administration, claims processing services, registry administration, managerial reporting, and compliance reviews. Solix-managed programs include Internet and telecommunications infrastructure grant administration for schools, libraries, and rural health care providers; low-income telephone and electric service discount certification and verification; and support services for the physically impaired. Through its wholly-owned subsidiary, Lytmos Group, Solix offers peer-review and grant program administration services, with a focus on high-technology research, economic development projects, and social services interventions. Learn more about Solix at http://www.solixinc.com.
About Consolidated Communications
Consolidated Communications Holdings, Inc. is an established rural local exchange company providing communications services to residential and business customers in Illinois, Texas and Pennsylvania. With 250,370 ILEC access lines, 71,723 Competitive Local Exchange Carrier (CLEC) access line equivalents, 97,750 DSL subscribers, and 21,518 IPTV subscribers at September 30, 2009, the Company offers a wide range of telecommunications services, including local and long distance service, digital telephone service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, and directory publishing. Learn more about Consolidated Communications at http://www.consolidated.com/.
Source: Solix, Inc.
CONTACT: Jack Miller, Senior Vice President - Corporate Development,
Solix, Inc., +1-973-581-5300, jmiller@solixinc.com
Web Site: http://www.solixinc.com/