OSN Snags New Funding from ARBY Partners

One Source Networks (OSN), which provides cloud and managed services  for large enterprises via channel partners, has completed what it called a “significant” minority investment transaction with ABRY Partners.

The investment, which closed on November 1, will provide working capital as well as funds for continued business expansion, including new global points of presence that OSN is currently deploying to grow reach and ensure delivery of services such as unified communications (UC). Dollar amounts were not disclosed.

“We see the timing of this partnership as tremendously beneficial for both One Source Networks and ABRY Partners,” said Ernest Cunningham, CEO at OSN. “Our company has experienced tremendous growth over the past several years — from a financial, talent, product and infrastructure perspective. Working with ABRY will help us to expand our capabilities and service offerings at an accelerated pace so that we can continue to deliver the innovative services and expertise that our global enterprise customers demand.”

“This transaction represents a significant milestone for One Source Networks in terms of the size of investment, as well as the scope of partnership,” said Jim Tipton, CFO at OSN. “ABRY’s expertise in the communications sector was a key decision factor for OSN and we are confident that it will further enable our success.”

OSN saw 376 percent revenue growth from 2009 to 2012. The company also acquired cloud-managed solutions provider OuterNet in January 2013, enabling it to grow its managed services portfolio, data center footprint and in-house technical expertise.

“ABRY Partners is very pleased to be working with One Source Networks,” said Nicolas Massard, principal at ABRY Partners. “We believe that the company occupies a unique niche in the industry due to its expertise and deep understanding of the evolving communications needs of enterprise customers. We look forward to being a part of the company as it continues its rapid expansion and innovation, particularly in the areas of managed services and unified communications.”

Q Advisors LLC, a Denver and San Francisco telecom and technology investment bank, acted as exclusive financial advisor and placement agent to OSN in connection with the transaction.

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