PIVOTAL GROUP SELLS NxSYSTEMS, LLC TO QUADRIGA WORLDWIDE LTD
Phoenix, AZ - September 20 , 2011 - Pivotal Group today announced the sale of NxSystems, LLC to Quadriga Worldwide Ltd. NxSystems, LLC, the largest provider of IP based entertainment and service delivery platforms to the North American hospitality industry. NXTV is the widely recognized brand of NxSytems.
During the past years, NxSystems, LLC and Pivotal Group successfully implemented a comprehensive program to enhance the company's overall content and services offering provided to both guests and hoteliers. The result has established NxSystems, LLC as a preeminent provider in the four- and five-star hospitality sector.
"We are proud of the role that Pivotal Group has played in establishing NxSystems as a leader in North America," said Francis Najafi, CEO of Pivotal Group. "Following our
comprehensive product development, infrastructure upgrade, and overall customer service strategic improvement plan, NxSystems is now well placed to support and accelerate Quadriga's ambitions to grow the business in the America's and act as a further cornerstone in their expansion strategy ," Mr. Najafi added,
"We are excited with the acquisition of NxSystems as it offers many synergies with Quadriga and importantly provides an established business infrastructure and strong management team which will be leveraged to provide a very credible platform for Quadriga to enter the America's market," states Quadriga Worldwide Ltd CEO Roger Taylor.
Quadriga intends to retain the leadership team currently in place at NxSystems and led by CEO Chris Sophinos. "I am excited to lead Quadriga's Americas expansion efforts and utilizing the best each company has to offer to further build upon the success we have achieved at NxSytems to date," said Sophinos.
About Pivotal Group
Pivotal Group is a leading investment company headquartered in Phoenix, Arizona with primary concentration on private equity and real estate. Its focus is centered on implementation of its business strategy in conjunction with a comprehensive understanding of capital market dynamics. Pivotal Group's target acquisition size is $100 million in revenue and above for private equity portfolio companies. For more information, visit www.pivotalgroup.com.
Quadriga works with the hospitality industry, from luxury to budget properties, delivering a growing portfolio of products and content that provide hotel guests with information, entertainment and connectivity, (WiFi and wired) across the property. With the network at the centre of these solutions, Quadriga's expertise and knowledge in digital IP systems, developed over the last 10 years, supports the hospitality industry with a comprehensive range of network services. This includes network optimisation and integration alongside design, build and delivery capabilities.
As the hospitality business expands globally, Quadriga has commenced an aggressive global growth strategy and is now able to offer solutions to its customers in Europe, The Americas, the Middle East, India and key parts of Africa. This is being achieved through a combination of Quadriga's own operations and a distribution model into selected countries and territories.
In a rapidly changing technology environment, which drives higher guest expectations and more commercial demands for added value and operational efficiencies, Quadriga is working towards a new future. With the ambition to be the global single business partner for its customers, Quadriga sees their network at the very centre and as technologies converge will work with them to manage the evolution of their network and provide unequalled guest information, entertainment and connectivity services for their guests.
For more details on the company visit: www.quadriga.com or contact Berkeley PR on firstname.lastname@example.org or +44 (0)118 909 0909.
About NxSystems, LCC
NxSystems LLC is the leading provider of IP based entertainment and service delivery platforms to the North American hospitality market. NXTV is the widely recognised brand of NxSystems.
The NXTV platform delivers a broad array of services to maximize revenue opportunities and provide guests with HD VOD and information. The platform also supports HD FTG (free to guest) content. NXTV provide both wired and wireless HSIA and hold an expertise in IP networks associated with their platform.
NXTV partners include the leading Hollywood movie studios and content suppliers: Walt Disney Studios, Paramount Pictures, Starz, MGM, Universal Studios, Warner Brothers, Twentieth Century Fox, Summit Entertainment and Sony Pictures Entertainment. Clients over the last ten years of NXTV services include a collection of the world's premier hotel brands: Four Seasons, St. Regis, Trump International, Loews, JW Marriott, MGM Grand, Hard Rock, Hyatt, Sheraton, Raffles and Omni.
The geographical reach of NXTV includes Central and North America, Europe and Asia. NxSystems LLC is headquartered in the arts and entertainment capital of Los Angeles, California.
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