American Messaging

September 27, 2012

American Messaging Services

American Messaging Services, LLC, formerly Verizon Messaging and AirTouch, and SBC and Ameritech Paging, and based in Lewisville, Texas, is the largest private and second largest overall paging and critical, secure messaging solutions company in the United States.

Its nationwide one-way networks provide coverage in 98 of the top 100 major metropolitan areas and in all 50 states. Its services include a broad range of on-network critical messaging offerings, as well as integrated and encrypted smartphone, tablet and personal computer secure messaging integrated solutions to major hospital groups in the U.S. and to certain corporate and government accounts.

Investment History: In November 2005, Incyte, together with its investment partner, Colchester Capital, and its management CEO partner, J. Roy Pottle, completed the acquisition of SBC Communications’ paging business. In June 2006, American Messaging completed the acquisition of the paging operations of Verizon Wireless. Over the past decade, American Messaging has been highly acquisitive and has entered into over thirty strategic operating and purchase agreements with the principal owners of major paging companies including Network Services, SkyTel Corp., Morris Communications, ProPage, Cook Telecom, Aquis Communications, and most recently in February 2017, Critical Alert Systems. Incyte continues to work with management on major corporate events and initiatives. Since the formation of American Messaging over eleven years ago, Incyte Capital Partner Marc A. Gineris has served on the board of American Messaging.

Visit American Messaging Services web site

PageNet

June 20, 2002

PageNet

Paging Network of Canada Inc. (“PageNet”), founded in 1996 and based in Toronto, Ontario, Canada, through acquisition and internal growth, is the largest paging and critical messaging company in Canada. Through its 4 terminals, just under 400 transmitters, and fully functional, single frequency FLEX/reFLEX Motorola-based network, PageNet provides comprehensive data transfer and messaging services for one-way, two-way paging, asset tracking and telemetry customer applications. PageNet’s critical messaging services are used by Canada’s major hospital groups and corporate, government and manufacturing clients.

Investment History: In December 2002, Incyte, together with its Canadian investment partner Newshore and management CEO partner Garry Fitzgerald, completed the purchase of all of PageNet’s Bank Credit Facilities. In December 2003, Incyte and its Canadian partners completed a restructuring of virtually all of the debt of the Company to equity. In late 2005, PageNet purchased the operations of Verizon Messaging, Canada. In 2016, PageNet purchased the operations of Telepage. Since 2003, PageNet has completed either an acquisition or a revenue sharing agreement with nine paging companies in Canada. PageNet continues to actively seek acquisitions in 2017.

In 2017, Incyte continues to assist PageNet management with telecom partnering, acquisition and other corporate strategic opportunities. Incyte Capital Partner Marc Gineris and Director, Portfolio Officer Carridine Say Eubanks serve on the PageNet Board of Directors.  Consistent with Incyte’s long term view, Incyte has held its entire equity position for fifteen years.

Visit Paging Network of Canada web site