To listen to execs at SBC Communications Inc. (SBC) tell it, the company’s $16 billion acquisition of AT&T is an obvious coup. The San Antonio local-phone giant gets AT&T Corp., the nation’s preeminent long-distance network. Along with it comes a who’s who of business clients, not to mention enough savings — $15 billion — to virtually pay for the deal. No wonder SBC CEO Edward E. Whitacre Jr. calls the deal “a great opportunity.”
News & Events
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CHICAGO, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], announced the collaboration of its client ADT, the leader in home security, with McAfee Inc, the leader in personal computer security and unit of the Intel Security Group, to re-define the next generation of security for connected devices and lifestyles. The companies intend to develop and deliver a platform for consumers to protect what matters most in their physical and digital environments, which are growing in
“We are constantly seeking ways to increase protection for our customers in an increasingly connected and complex world,” said Arthur Orduña, senior vice president and chief innovation officer at ADT, in the company’s press release. “Partnering with McAfee adds another vital layer of security to our Pulse solution with McAfee LiveSafe service, and opens up innovation for our platforms and products.”
CHICAGO, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], announced the collaboration of its client Redbox Automated Retail LLC, the iconic leader in DVD rentals, and unit of Coinstar Inc, with Verizon Communications Inc, to form a joint venture and service offering to be called Redbox Instant by Verizon. The JV will offer streaming video services to consumers, to create a wider choice in entertainment formats.
“RCBG was instrumental in helping shape our strategy, identifying the right partner, and supporting the transaction throughout the process”, said Galen Smith, Corporate Vice President & Treasurer of Redbox. “Their team was focused, effective, and kept the big picture in mind while providing helpful counsel along the way. The firm had previously supported our video games launch so it was a pleasure to work together again”.
CHICAGO, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], announced the completion of the acquisition of the Telx Group, a leading provider of colocation and interconnect services, by Abry Partners and Berkshire Partners.
Terms of the transaction were not disclosed.
RCBG provided due diligence services for Highbridge Capital Management LLC, the private equity unit of J.P. Morgan, which provided credit facilities and other transaction services. Data center economics, technologies, and market dynamics have been a focus area for RCBG as business and consumer needs shift to cloud-based resources.
“The cloud is very much a terrestrial operation,” said William Markey, president of RCBG. “Sophisticated storage, computing, and transit assets come together in a physical space, which has its own unique energy, location, and connectivity requirements. Making the complex accessible and quantifiable is an important part of RCBG’s value to equity investors and their partners”, added Markey, “and no more so than in cloud platforms and the Internet of Things”.
CHICAGO, IL – William Markey, President of RCBG, will chair two panels at a forthcoming conference in Los Angeles, CA. The panels and participants will address changes in business models for advertising, and the implications of web-ready televisions.
“I’m looking forward to joining panelists in the discussion of these key issues and potential outcomes,” Markey said. “IP has flattened most economics, while creating new models and options for consumers. Finding a profitable steady-state among content, distribution and consumption is the challenge.”
The event, the Media Innovations Summit, will be held 27-28 September 2010 in Los Angeles, CA. Speakers will include executives from studios, programmers, content aggregators, fixed and mobile service providers, and technology developers. Markey’s panels include Capturing Opportunity in Web/TV Convergence and Essential Advertising Metrics: What Matters and Where Are We in the Standards Process?. Current panelists include Google, Nielsen, Time Warner and Fourth Wall Media.
CHICAGO, IL – Matt Thurmond, an associate at the firm, has been accepted to Harvard Business School. He is the second recent associate from RCBG to be admitted.
“We’re thrilled for Matt,” observed William Markey, president of RCBG. “While obviously losing a great talent, we couldn’t be more excited for him and his future. He has worked hard on behalf of our clients, and will bring that same level of intellectual rigor and business skills to HBS.”
Matt, class of 2013, will join Andrew Nartker, class of 2011, among RCBG alums in Cambridge, MA.
“I’m looking forward to the challenge of business school,” Matt shared. “At RCBG, my projects touched on fast-paced technology markets and complex business models. I owe much to my colleagues for bringing me up the learning curve, and look forward to applying the knowledge to new problems with fellow students.”
CHICAGO, IL – The M&A Advisor, a leading information publisher for middle-market mergers and acquisitions and finance, announced the 2008 finalists for the 7th Annual Middle-Market M&A Awards Gala. RCBG’s support of the Ceon-Convergys transaction was named a finalist in both the sub-$100 million “Media, Entertainment and Telecom” and “Strategic Acquisition of the Year” categories.
The Middle-Market M&A Awards Gala honors the deal-teams and deal-makers that have closed M&A transactions and firms whose activities set the standard for the industry. 220 finalists representing 66 firms were chosen in 35 categories. Like the Academy Awards, winners will be revealed at the gala, which is being held on Monday, December 15th at the historic Hudson Theatre in New York City.
“It is an honor to recognize the achievements and accomplishments of RCBG in its guideance over Ceon’s acquisition by Convergys,” said Roger Aguinaldo, CEO and Publisher of the M&A Advisor. “RCBG has set an industry standard for their influential deals in the middle-market industry.”
CHICAGO, IL – RCBG, a mid-market advisory services firm specialized in TMT transactions [telecom, media, technology], announced the completion of the acquisition of its client, Ceon Corporation, a leader in product lifecycle fulfillment software for communication service providers, by Convergys Corporation, (NYSE: CVG), a global leader in relationship management software. The acquisition will enable service providers to more effectively manage their products’ lifecycles across all network domains, fixed and mobile, and shorten time-to-market for new offers. This emerging field is of growing importance as the potential combinations of voice, data and video content and services continue to multiply.
“We are very pleased to have led and structured this transaction,” said Richard Summer, executive vice president and managing director of RCBG. “Ceon is a terrific company with sophisticated products and world-class management. Paired with Convergys’ extensive platforms and penetration, and exciting strategic direction, this is the package that service providers need to bring order and potential to their product catalogs.”
CHICAGO, IL – RCBG today announced that Rick Fumo will join its advisory board, effective immediately.
“I am very pleased to welcome Rick formally to the firm’s advisory board, after many years of personal and professional support for myself and RCBG”, said William Markey, President of the firm. “Rick’s significant experience in both finance and consulting has been a perfect fit for RCBG’s advisory services and business strategy practices. I look forward to working together in this exciting new capacity.”
Rick Fumo has been both a practitioner and member of management in the financial and consulting businesses for over 35 years. He is presently the CEO of Round Table Group Advisory Board Services LLC, which provides strategic direction and oversight of the Round Table Group’s operations and growth.
HAVING SURVIVED a three-year bust, the suppliers of the gear used in the world’s communications networks are facing a new challenge: the sudden and rapid consolidation of their customers.
A wave of acquisition activity among U.S. wireless and traditional fixed-line carriers — most recently SBC Communications Inc.’s agreement last week to purchase AT&T Corp. for $16 billion — is forcing the telecommunications-equipment companies to ponder their futures, including whether to do deals of their own.
Such transactions have thrust several equipment companies into the spotlight as possible targets, including Lucent Technologies Inc., Nortel Networks Corp. and Marconi Corp.
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