LOS ANGELES, CA --(Marketwired - April 11, 2016) - StoneCalibre is pleased to announce that its portfolio company, NetPlus, has completed the acquisition of Amtel Inc. ("Amtel"), a leading software provider of an integrated SaaS solution for enterprise mobility and expense management.
The Amtel software suite integrates mobile device management (MDM), mobile app management (MAM) and mobile expense management (MEM) to allow enterprises to: manage corporate-owned and BYOD devices, secure sensitive corporate data through containerization, remote wipe lost or stolen devices, disable/enable device functions based on geo-fenced location, manage an enterprise-owned app store, blacklist/whitelist apps and manage mobile costs through enforced mobile policies, dispute tracking/resolution and invoice audit and validation. Amtel sells across a diverse set of industries including healthcare, technology, financial, utility, petrochemical and manufacturing among others. Amtel will become part of the NetPlus Mobility business unit.
"We are excited to add Amtel to the NetPlus family as it provides us a strong entrée into the enterprise mobility management space that continues to experience robust growth trends driven by an increasingly mobile enterprise workforce," said Brian Wall, Founder and Chief Executive Officer of StoneCalibre. "We will continue to look for additional strategic acquisitions in and around this space to further build upon the differentiated platform created by the combination of NetPlus and Amtel."
"Enterprise mobility is a top item on every organization's business and IT agenda and with the addition of Amtel we will be able to provide a comprehensive telecom infrastructure management solution to our customers with proven expertise across both landline and mobile communications," said Matt Lewis, President of NetPlus. "We are excited to continue to invest in the platform to remain at the cutting edge of this evolving industry."
Headquartered in Los Angeles, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. For more information please visit our website at www.stonecalibre.com.
NetPlus is a leading Telecom Infrastructure Management solutions provider for both commercial and government entities headquartered in Gaithersburg, MD. With over 30 years of experience NetPlus solutions are used worldwide to improve efficiency, streamline processes, and consolidate telecom and IT management. NetPlus solutions provide customers the ability to manage cross platform telecom infrastructure including UC, VoIP and legacy technologies, while controlling costs through TEM functions. For more information, visit www.NetPlusTMS.com.