Peterson Partners Announces Follow-On Investment Into DCI
SALT LAKE CITY, March 31, 2017 /PRNewswire/ — Peterson Partners, the lead investor in DCI Design Communications LLC (“DCI”), an industry leader in data, voice, and unified communications technologies, is pleased to announce that it has made a follow-on investment into DCI to fund the acquisition of the assets and operations of EthoStream LLC, from Telkonet, Inc. The combined entity will serve over 2,500 properties and provide a full managed service offering in voice and data to more than 500,000 hotel rooms.
Matthew Day, Partner at Peterson Partners stated, “We are excited to back DCI in this next phase of growth, as DCI becomes the North American leader in hospitality voice, data and unified communications.”
Charbel Zreik, CEO of DCI added, “The EthoStream team is passionate about the same thing we are—creating high quality solutions supported by a world-class service organization. DCI continually works hard to better serve each of our customers. By combining these two great organizations, we broaden our operational and technical capabilities and can further improve our ability to deploy and support cutting-edge networks for our customers. In addition, we can now offer a broad spectrum of solutions for all property types. The leading hospitality flags, ownerships groups and management companies are looking for reliable partners that can service a multitude of needs, and now our combined company is perfectly situated to do that.”
Matt Koch, former COO of Telkonet, Inc. and the newly-appointed General Manager of the EthoStream business unit of DCI added, “DCI is a great fit for our data operations. We are united by a common culture based on a passion for innovation and customer service. We look forward to adding value to our customers by bringing DCI’s expertise in voice and unified communications.”
About DCI Design
DCI Design Communications LLC is a managed services IT provider with solutions in the areas of high speed Internet access, data, hosted voice, phones/telecommunication, and unified communications solutions. It also offers networking solutions; analog and IP guest room telephone solutions; converged IP systems; wireless solutions; wireless site surveys and designs; call accounting and voice mail systems; IPTV and security cabling solutions; bandwidth management and reporting solutions; television systems; distributed antenna solutions; tiered guest Internet bandwidth solutions; guest mobility and Internet management solutions; and low voltage technology systems. The company provides designs, deploys, proactively monitors and provides 24×7 support. DCI is headquartered in Syosset, NY and has offices throughout the United States. For more information, visit www.dci-design.com.
EthoStream is a market leader in high speed Internet access technologies for the Hospitality, Student Living, and MDU/MTU markets. EthoStream prides itself on professional network design, installation, certification and support. Its cloud management platform connects and supports over 40 million users annually, and provides owners and operators with key insight into their networks. EthoStream is headquartered in Milwaukee, Wisconsin and has offices throughout the United States. For more information, visit www.ethostream.com.
About Peterson Partners
Peterson Partners is an independent investment management firm based in Salt Lake City, UT. Since our founding in 2003, Peterson has raised eight growth-oriented private equity funds and has invested in over 130 companies across a variety of asset classes. Peterson seeks to be a true value-add partner to the entrepreneurs we back, and in turn, we look for entrepreneurs who desire more than just capital from an investment partner. For more information, visit www.petersonpartners.com
Contact: Karen Zelnick, 1-801-417-0760, firstname.lastname@example.org
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SOURCE Peterson Partners