PLATINUM EQUITY INTRODUCES NEXTIRA AS NEW NAME OF
COMMUNICATIONS NETWORK SOLUTIONS OPERATIONS
Integrated Strengths and Capabilities of Companies Set New Operation
on Course to Lead in Voice and Data Convergence
LOS ANGELES (April 3, 2001) – Platinum Equity, a leader in acquiring
and growing technology companies, announces Nextira as the name of the
integrated operations of two Platinum Equity companies: Williams Communications
Solutions (WCS) and Milgo Solutions. The name, Nextira, suggests a progressive
attitude, a clear vision - it defines a company poised for leadership
in the dynamic market of connectivity and convergence. In the network
solutions arena, and among its community of Fortune 500 business partners,
customers, and competitors, the Nextira name identifies a sophisticated,
serious world-class enterprise.
WCS was acquired today from parent company, Williams Communications,
LLC (NYSE:WCG). With year 2000 revenues in excess of $1.3 billion and
a workforce of more than 5,800, WCS is a leading provider of fully integrated
enterprise communications services to businesses throughout North America.
Milgo Solutions, a Platinum Equity company, is a voice and data solutions
and services provider in the consulting, design, provisioning, deployment,
management, and support of mission-critical wide-area networks.
Nextira will be headquartered in Houston, Texas, with significant operations
in Sunrise, Florida, such as a key solutions support center and significant
sales, marketing, and administrative functions. Nextira will provide
a full range of voice, data, and converged communications network solutions
to enterprises, equipment manufacturers, carriers and network service
providers, and government agencies directly within North America and,
via partnerships, throughout the world.
Platinum Equity
Platinum Equity (http://www.peh.com/)
is one of the largest and fastest growing, private equity firms in the
United States. Platinum is a multi-billion dollar organization specializing
in the acquisition and operation of global, mission-critical technology
companies. Based in Los Angeles, Platinum is a unique company recognized
as a hybrid financial and strategic buyer with deep financial resources
and broad operational expertise. Due to their highly skilled executive
management team, Platinum is able to stimulate and help drive the value
of their portfolio companies. Since the company’s founding in 1995,
Platinum has acquired more than 25 technology-driven companies and several
billion dollars of revenue from leading Fortune 500 Corporations including
WorldCom, AT&T, Viacom, Dow Jones & Company and IBM. Platinum has an
established infrastructure in North America, Europe, Asia and South
America and a workforce of more than 10,000 employees serving tens of
thousands of customers throughout the world. All Platinum companies
operate as stand-alone entities and are lead by their own management
teams.
Milgo Solutions
Milgo Solutions (http://www.milgo.com/,
headquartered in Sunrise, Fla., is a leader in the field of networking
solutions and services. It benefits from the blending of assets from
Racal-Datacom and the TimePlex Group, each with a 40-year history of
success in communications. Milgo brings its clients strong service and
consultative expertise, complemented by strategic relationships with
industry leaders such as Nortel Networks, Cisco Systems, and AT&T. These
relationships, along with our over 1,200 person international infrastructure,
enable Milgo to install and maintain world-class technology solutions.
Milgo has installed more than 9,000 multi-vendor networks in over 100
countries, and manages many of them from network support centers in
the United States and the United Kingdom. Milgo Solutions, LLC is owned
by Platinum Equity.
Williams Communications Solutions
Williams Communications Solutions, headquartered in Houston, Texas,
is an established North American business communications provider that
offers a full range of enterprise network services and products to accommodate
every life-cycle phase of a business network. Solutions combines end-to-end
enterprise network services with its diverse, vendor-independent portfolio
of data, voice, video, IP and multimedia products to provide businesses
with a total solution. Offering everything companies need to operate
their mission-critical data and voice networks at peak efficiency, Williams
Communications Solutions' comprehensive professional and managed services
include enterprise engineering for complex contact centers and converged
networks, as well as North American maintenance and field operations.
For more information, visit the Communications Solutions section of
http://www.williamscommunications.com/.
CONTACT:
Platinum Equity
Alanna Chaffin 310.712-1850
achaffin@peh.com
For NextiraOne:
Shannon DeYoung
Director, Marketing
713-307-4743
Shannon.DeYoung@NextiraOne.com
Leadership