“With the close of the 1st quarter, all four of ABG Capital’s portfolio companies have contributed to another successful quarter that puts ABG Capital on its way to a record breaking year,” stated Jeff Tapolci, CEO of ABG Capital.
Scotch Friday Celebration
We’ve had so many exciting things happen during this year’s 1st quarter: business is booming, our companies are making huge names for themselves in their industries, we’re hiring great new people to our teams, and we’ve started expanding our office to keep up with the rapid growth. Overall, we couldn’t be happier with how we ended the 1st quarter and we’ve definitely set a great foundation for the 2nd quarter.
We’ll start by reviewing VoIP Innovations, our largest investment by far. They are a wholesale VoIP (voice over internet protocol) services provider who finished their best year ever in 2012 and they are positioned to have a stellar 2013. This company’s revenue is up 27% from the 1st quarter in 2012 and they are positioned to have an overall better year in 2013 than they did in 2012. The company continues to enhance its current product offerings while constantly releasing new and updated features, functionalities, and products.
Its latest release is called Titanium Private Label platform (TPL). TPL was designed as an option for VoIP resellers who do not have or want their own VoIP switch. When they purchase the TPL platform, those resellers can have the best of both worlds; the VoIP Innovations network and a VoIP solution without the need of a VoIP switch. VoIP Innovations continues to create features, functionalities, and products to stay one step ahead of everyone else in the industry. They design their services based on what their customers want and what the market wants. Everything they do is designed to create a more user-friendly experience that keeps the customers coming back. As they continue to thrive in their industry, they are on their way to achieving their goal of being the industry’s largest wholesale provider of North American origination and termination.
“This company is where we are seeing tremendous growth,” said Tapolci. “In an aggressive market such as telecommunications, VoIP Innovations has not only been able to contend with their competitors, but are among the leaders of their industry.”
GlobalPOPs, the industry’s largest aggregator of dial-up internet services, continues to actively acquire wholesale dial traffic, as well as end-users through its End User Services (EUS) nameplate. GlobalPOPs has just completed an expansion of their network to cover the vast majority of the Level 3 territory. In addition, EUS has rolled out new product lines centered on static IP addresses that has proven in the 1st quarter to be solving a problem in the market place. Though the world of dial-up internet service is consistently shrinking, GlobalPOPs and EUS are positioning themselves to be in the dial-up internet market for many more years.
We’ll start to bring this 1st quarter review to a close with Inspira, ABG Capital’s most recent venture. They have seen the biggest improvement out of all of the companies with a 40% increase in revenue from the 1st quarter in 2012. They have added validity to their comprehensive IRA rollover and retirement plan termination services in the market. In addition, they have acquired Fortune 500 customers who are bringing in a steady flow of accounts on a weekly basis. Last year it was Inspira’s goal to focus on acquiring clients. This year, they are focusing on sales, sales, sales that will help them secure more clients.
Look out 2nd quarter, here we come! “We’re extremely proud of where we are at this point in 2013, and we couldn’t have achieved this success without the astounding team we have in place,” said Tapolci. “It’s not every day that you can have profitable companies and keep the fun, family atmosphere that we have, especially to the point where you’re named one of the best places to work in the state. We’ve been blessed, that’s for sure.”
Now that 1st quarter has ended, we know that we can achieve even more triumphs by the end of the 2nd quarter. To give a better representation of how far we’ve already come from last year, take this into perspective; from our current standpoint, if we did nothing else for the rest of the year, we would close out 2013 in the same spot as we closed 2012. Remember, that’s if we did NOTHING. Obviously we’re not going to sit around and do nothing, so that means we’re expected to end 2013 with record breaking success.
