Telstar Hosted Services
TelStar Hosted Contact Center Solutions provides industry leading Communications-as-a-Service (“CaaS”) to small and medium businesses on a hosted basis. TelStar was founded in 2006 as a division of TouchStar Software Corporation, which sold software product and services primarily to the premise-based call center industry. The Company emerged out of receivership in 2009 and needed to divest certain divisions to raise cash.
Realized. Sold to Noble Systems Corporation in 2012
2009 Corporate Divestiture out of receivership
We backed a management team to purchase an orphaned division of a restructuring corporation. Focus was on building out stand-alone corporate infrastructure, investing in product development and refining product positioning.