News

Seaport Capital (“Seaport”), a private equity firm focused on investments in communications, information and business services companies, announced the sale of its portfolio company, Logicworks, to Pamplona Capital Management (“Pamplona”).  Located in New York City, Logicworks is a leading provider of cloud automation and managed services for Amazon’s public cloud, Amazon Web Services (“AWS”).  Through its Managed AWS (“mAWS”) offering and Private Cloud, Logicworks provides its clients not only with IT infrastructure and services to house their data, but also with access to highly qualified IT professionals that would otherwise be unavailable cost-effectively.

Seaport backs CountryWide Broadband management team in acquisition of Peoria, IL fiber network

BEDFORD, TX and NEW YORK, NY - Quatris, LLC (“Quatris”), a provider of specialized healthcare software and database solutions, as well as hosting, software maintenance and support services for small and medium sized physician practices, announced today that it has secured a strategic investment from Seaport Capital (“Seaport”), a middle-market private equity firm. The existing management team invested in the transaction alongside Seaport and will continue to lead the company going forward. Terms of the transaction were not disclosed

CountryWide Broadband (CWB) today announced that iTV-3, LLC, a company wholly owned by CWB and Seaport Capital of New York, has entered into a definitive agreement to acquire the assets of iTV-3 Inc., a gigabyte, all fiber-to-the-premises system serving Peoria, Champaign, Urbana and other communities in Central Illinois.  iTV-3 Inc. is a wholly owned subsidiary of Highland Ventures, Ltd.  CWB anticipates closing the acquisition in the second quarter of 2016, after regulatory and franchise approvals are received.