Truffle Capital, an investor in Phone Systems & Network, is a European private equity firm originally set up for investments in spin-offs from companies active in the IT, Energy, and Life Sciences sectors.
- Phone Systems & Network is a French VoIP operator with a strong position among ethnic markets. A pioneer in using the Internet as a communications medium, the company commercialized its first product in 1995. In 1997, PSN was acquired by a US based telecom conglomerate which later faltered, paving the way for a turnaround led by Truffle Capital in 2006.
- Today, PSN offers subscription-based telecom plans for SOHOs and SMEs, telecom services for call boutiques, and special access numbers. The company’s offerings are largely predicated upon new generation voice-over-IP (VOIP) technology.
- Following a PIPE that consisted of a takeover bid and a recapitalization in 2006, Truffle Capital became the major shareholder in PSN, which was listed on the Euronext main market (« PHO »)
- Truffle Capital board members: Bernard-Louis Roques, Mark Bivens
Visit the www.phonesystems.net Web Site
