Providence Equity Partners (Providence), a private equity firm that specialises in growth-oriented investments in media, communications, education and technology is to acquire Airties, a provider of cloud-based managed Wi-Fi solutions to operators globally.
Providence’s investment will assist Airties with accelerating growth into new markets globally, as well as funding additional R&D and product innovation to continue delivering superior connectivity, and expanding its sales, marketing, and recruitment efforts globally. As sector-focused investors with a history of partnering with innovative telecoms and technology companies, Providence is well-positioned to harness its expertise, network and resources to support Airties as it enters a transformative new chapter.
