PageNet
June 20, 2009
PageNet
Paging Network of Canada Inc. (”PageNet”), founded in 1996 and based in Toronto, is one of Canada’s leading paging companies. Through its 26 terminals, 327 transmitters, four regional offices and fully functional, single frequency FLEX/reFLEX Motorola-based network, PageNet provides comprehensive data transfer services for one-way, two-way paging, asset tracking and telemetry customer applications.
Investment History: In December 2002, Incyte, together with its Canadian investment partner, completed the purchase of all of PageNet’s Bank Credit Facilities.In December 2003, Incyte and its investment 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 2009, Incyte continues to assist PageNet with telecom partnering and acquisition opportunities. Incyte Capital Managing General Partner Marc Gineris and Director, Portfolio Officer Carridine Say serve on the PageNet Board of Directors.
