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Boston, MA and Houston, TX – September 19, 2006 – Boston Ventures announced today that it has reached an agreement to acquire a substantial majority interest in En-Touch Systems, Inc. from several family trusts, in partnership with existing management. Founded in 1996, En-Touch is a broadband services provider serving communities in the rapidly growing suburbs of Houston, Texas. This will be the first investment out of Boston Ventures Fund VII, its latest investment vehicle.
Lou Bertocci, a partner at Boston Ventures, commented “En-Touch has been tremendously successful in marketing a quadruple-play of communication services including internet, cable TV, telephone, and security alarm monitoring within its targeted communities. We believe the company is well positioned to continue to grow its business within the greater Houston market and elsewhere.” Boston Ventures has been an active investor in the communications sectors for over 20 years, and has made over a dozen cable television related investments.
Rich Gerstemeier, CEO of En-Touch Systems added “Boston Ventures’ appreciation of the opportunity and potential of this business made them an ideal partner for us. We expect their insight and expertise will prove an invaluable resource as we seek to grow and build value in our business.”
Upon completion of the transaction, which is subject to customary federal and state regulatory approvals, Lou Bertocci, Roy Coppedge, and Marco Ferrari will join the Board of Directors of En-Touch Systems.
About Boston Ventures
Founded in 1983, Boston Ventures is one of the oldest and most experienced media and communications focused private equity firms in North America. Since inception, the firm has invested $2.3 billion in 68 companies. The firm targets investments in the media, information and publishing, entertainment, and communications industries. The firm is currently investing out of its seventh private equity fund. For more information, please visit www.bostonventures.com.
About En-Touch Systems
Founded in Houston specifically to provide bundled telecommunications services to quality master-planned communities, En-Touch Systems, Inc. designs, builds and operates networks serving communities throughout the Houston, Texas area. The company delivers a bundle of services that includes Local and Long Distance Telephone Service, Digital Cable Television, High Speed Internet Access and Alarm Monitoring Services to homes and businesses using fiber based equipment. For more information, please visit www.entouch.net.
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