Star2Star Communications receives investment from NewSpring Capital
Deal Synopsis
Star2Star Communications received $30 million of development capital from NewSpring Capital and PPM America on December 17, 2014.
Company Details
Star2Star Communications provides cloud-based, unified communications solutions to small and mid-sized businesses and large enterprises. The company's communications solution unifies customer's voice, video, mobile, and fax into one easy-to-use system, and provides intuitive management control, pooling, and bursting lines, advanced call center, call recording, CRM integration, disaster avoidance, and more, enabling clients to keep track of all communication activities in one system at a low cost.
Investor Details
NewSpring Capital is a private equity firm based in Radnor, Pennsylvania. The firm seeks to make equity and mezzanine investments in companies based in the United States.