TPx Communications announced today the completion of its acquisition by affiliates of Siris Capital Group, a leading private equity firm focused on investing and driving value creation in technology and telecommunications companies.
In conjunction with the close of the acquisition, Richard A. Jalkut, TPx’s CEO and chairman, announced his retirement. Siris executive partner Joseph A. Cozzolino will serve as executive chairman of the board of TPx and as interim CEO. Cozzolino will lead the process to identify and select a permanent CEO with the appropriate experience and qualifications to drive TPx’s next phase of growth.
TPx also announced that Brent Novak will assume the role of chief financial officer. Novak succeeds Tim Medina, who will be stepping down from the CFO role to pursue other interests.
Additionally, TPx announced that Greg Daily will lead the sales and customer success organizations in the newly created role of chief revenue officer. Greg brings 30 years of diverse and relevant technology and telecom experience to TPx.