Gores Technology Group Announces Purchase of Vicorp
November 21, 2001
Gores Technology Group (GTG), a privately held international acquisition and management company, today announced that it has signed a definitive agreement to purchase Vicorp, a provider of telecommunications software and services. Details of the transaction were not announced.
Vicorp provides call processing hardware systems and services to telecommunications providers, wireless carriers, and Internet service providers worldwide. Vicorp's software platforms enable providers to manage customer calls by matching them to computerized customer information and centralizing network phone and e-mail support. Vicorp has distribution partnerships with Cisco, Lucent, and Compaq. Customers include Credit Suisse, NTT, Telecom Italia, and WorldCom.
James Bailey, Group President of GTG, said, "GTG is excited about the acquisition of Vicorp. Vicorp not only has attributes such as loyal customers, outstanding products and a highly skilled workforce, but it furthers GTG's goal of building a worldwide strategic presence in the telecommunications market sector. We look forward to integrating Vicorp into the GTG portfolio and to providing the leadership and resources required to create and sustain Vicorp's dynamic and market leading enterprise."
About Gores Technology Group
With headquarters in Los Angeles, Gores Technology Group (GTG) is a privately held international acquisition and management firm that pursues an aggressive strategy of acquiring promising high-technology organizations and managing them for growth and profitability. GTG has a proven track record of acquiring and successfully managing companies -- including many divisions acquired from large publicly traded companies -- through its commitment to customers, employees and continued development of intellectual property. GTG has acquired and managed approximately 40 interrelated but autonomous technology-oriented companies with locations throughout the world. Those companies provide a broad range of technology-based products and services to a substantial customer base representing millions of active users worldwide.
Vicorp is a leading global provider of communications convergence technologies for wireline, wireless and IP-based communications services providers and enterprise organizations around the world. Using its Betex Communications Convergence Engine, Vicorp has created a suite of enhanced services that have been deployed by over half the leading telcos in the world. Vicorp has offices in North America, Europe and Asia Pacific with hundreds of customers in more than 35 countries. www.vicorp.com