December 19, 2013 SmartBusiness Los Angeles

Craig Dupper: Manage investor relationships through all types of adversity

After more than a decade of private equity investing with business owners as partners, I've learned that the relationship can seem like a marriage. This is especially true when things don't go as planned.

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December 10, 2013

gen-E joins the Red Herring Top 100 Global Award Winner's Circle

gen-E, a Solis Capital portfolio company, has been recognized for it's Technology Innovation

San Clemente, CA - December 10, 2013 - gen-E, a global IT process automation (ITPA) software company, today announced that it has been named a winner of the coveted 2013 Red Herring Top 100 Global Award, which has become a mark of distinction for identifying promising companies and entrepreneurs. 

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November 7, 2013

gen-E Receives Patent Approval on it's Proprietary IT Process Automation Platform

gen-E’s Resolve is the only IT process automation software to offer patented dynamic knowledge management and interactive capabilities as an integral part of its platform

San Clemente, CA - November 7, 2013  - gen-E, a Solis portfolio company, today announced that it has received a patent on its proprietary IT process automation software.

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November 5, 2013

Solis Capital Partners invests in Horizon Communications

Newport Beach, CA - November 5, 2013 - Solis Capital Partners (Solis), a lower middle-market private equity firm, today announced that it has acquired an equity interest in Horizon Communications (Horizon), a leader in telecommunications infrastructure and contractor services.

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November 2, 2013 Orange County Business Journal Orange County, CA

Solis Capital Takes Stake in Irvine Telecom


Irvine-based telecommunications company Horizon Communications Technologies has sold a “significant” ownership stake to Solis Capital Partners LLC, a private equity firm in Newport Beach.

The purchase price and percentage of ownership were undisclosed.

Horizon Chief Executive Mike DeGraw, who bought the company in 2010 after working in the telecom industry for about two decades, said he remains a “significant shareholder” under terms of the deal.

Horizon for several years has provided cabling services for office buildings, including those owned by Newport Beach-based Irvine Company, which is the largest office landlord in Orange County and has acquired substantial holdings in the San Diego and Silicon Valley markets in recent years.

DeGraw brought additional business for Horizon, which now gets a substantial portion of its revenue from installing wireless networks at sports stadiums, as well as designing and building infrastructure for large data centers.

Horizon’s list of past and ongoing projects includes work for Twitter Inc. and Inc., both based in San Francisco. The company also has worked on the Honda Center in Anaheim and the Chase Field in Phoenix. It’s currently halfway through a project at Dodger Stadium in Los Angeles.

“The stadiums part is about 70% of our business,” DeGraw said. “Data centers are big as well, but just not the sheer size and scope of putting in a network in a 60,000-seat stadium.”

Horizon has annual revenue of about $16.5 million and about 100 employees, according to DeGraw—“big changes” compared with when he bought the struggling company.

“There wasn’t a whole lot going on at the time,” he said. “The company really just had a riser-management contract with the Irvine Company. By riser-management I mean the telecommunications infrastructure that runs vertically in a building. We still value that business and maintain it. But the problem was, in 2008, 2009, nobody was moving.”

DeGraw oversaw a shift in company culture and helped it grow about 50% the first year after he took over.

It helped that he was able to bring in relationships built up from his previous stints. He most recently served as part of executive management at Leucadia National Corp., a New York City-based holding company that operates through its investment banking, energy and telecommunications arms, among others.

DeGraw ran several of Leucadia’s operating companies, including WilTel Communications Group LLC, which was acquired by Broomfield, Colo.-based Level 3 Communications Inc. in 2005 for nearly $800 million. He also launched and managed TeleBarbados Inc., a local phone company in Barbados.

October 7, 2013

gen-E Announces New Enterprise IT Process Automation Solutions Based on its Award-winning Resolve Software at Gartner Symposium/ITxpo 2013

gen-E, a Solis Capital Partners portfolio company,  today announced that the company will exhibit at the Gartner Symposium/ITxpo 2013, held October 6-10 in Orlando, Florida. The company will showcase its new Resolve™ Storage Management and Resolve Application Performance Management solutions, among others, in booth #244.  

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October 1, 2013

gen-E’s Resolve IT Process Automation Software Named Gold Winner at the 2013 Golden Bridge Awards Gala

gen-E, a Solis Capital Partners portfolio company, was named a Gold winner in the 5th annual Golden Bridge Awards. The company's Resolve™IT Process automation platform was named a Gold winner in the 5th annual Golden Bridge Awards. The company’s Resolve™  IT Process Automation platform won best Business Process Management solution based on its ability to increase the level of IT and organizational agility throughout a variety of industries, including global financial services, transportation and communication service providers.

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