TPx Announces Completion of its Acquisition by Affiliates of Siris Capital Group, LLC

LOS ANGELES, February 12, 2020TPx Communications, a premier managed services provider, whose award-winning product line includes unified communications, contact center, managed security, managed WAN, other managed IT services and network connectivity solutions, announced today the completion of its acquisition by affiliates of Siris Capital Group, LLC (“Siris”), a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies.

For more than two decades, TPx has delivered critical communications services to business, government and not-for profit customers, today serving approximately 25,000 enterprises with more than 50,000 locations across the United States.

In conjunction with the close of the acquisition, Richard A. Jalkut, TPx’s Chief Executive Officer and Chairman, announced his retirement. Siris Executive Partner Joseph A. Cozzolino will serve as Executive Chairman of the Board of TPx and as Interim CEO. Mr. Cozzolino will lead the process to identify and select a permanent CEO with the appropriate experience and qualifications to drive TPx’s next phase of growth.