Virgina-based Firm Acquires Minneapolis’ Amcom Software for $163m Cash



Via News Release

“Springfield, VA (March 3, 2011) — USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging and communications services, today announced the acquisition of Amcom Software, Inc. for $163.3 million in cash, creating a company in the forefront of mission critical unified communications.  The acquisition was funded by $110.8 million of cash on hand and $52.5 million through a credit facility provided by Wells Fargo Capital Finance, LLC.”

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Recently ranked #895 of the 5,000 fastest-growing, private companies by Inc. Magazine, Amcom reported 2009 annual revenues of $41m and 336% three year growth. The deal also provides liquidity for local investors Split Rock Partners and Norwest Equity Partners, who purchased an undisclosed controlling stake in Jan 2010.