Novacap Announces Digital Infrastructure Fund’s Strategic Partnership with INdigital

Novacap, a leading North American private equity firm, announced today that it has entered into definitive agreement to acquire Communications Venture Corporation, Inc. (DBA “INdigital”).

Founded in 1995 by 9 Indiana, Ohio, and Michigan local exchange telephone companies, INdigital is a leader in developing Next Generation 9-1-1 services. Since implementing the first large scale E911 network in the US in 2004, INdigital has grown to provide Next Generation 9-1-1 (“NG911”), Text to 911, and service continuity platforms covering a population of over 60 million people in over 200 states, counties, cities, and towns throughout the United States and Canada.

The current management team Mark Grady, Eric Hartman, and Jeff Humbarger will continue their roles as Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer respectively. The original founding local exchange companies will remain as significant shareholders in the business.

“Novacap is proud to partner with INdigital, a leader in the essential field of Next Generation 9-1-1 services, underscoring our commitment to mission-critical technologies that enhance public safety,” said François Laflamme, Senior Partner at Novacap. “Their superior technological solutions and strong market positioning align perfectly with our investment philosophy. Our objective is to drive their expansion and unlock the untapped potential within the NG911 space, leveraging our expertise to deliver enhanced value to our stakeholders and improve emergency response capabilities across North America.”

“Novacap’s deep expertise in digital infrastructure distinguishes them in the market, as evidenced by their strategic investments in industry leaders like Horizon Telecom and Stratus. This collaboration promises to accelerate our growth and enhance our capabilities to innovate advanced solutions in the Next-Gen 911 space. We are excited about the possibilities this partnership opens up for further innovation and our ability to deliver state-of-the-art, lifesaving technologies,” said Mark Grady, Founder and CEO of INdigital.

Houlihan Lokey served as exclusive financial advisor and Dentons served as legal advisor to INdigital.

Foley & Lardner served as legal advisor to Novacap.