GTCR, a leading private equity firm, announced that it has acquired Innovative Systems (the “Company”), a leading platform of mission-critical enterprise software serving regional broadband providers nationwide, from Alpine Investors, a people-driven private equity firm. As part of the Leaders Strategy™ investment approach, GTCR is partnering with experienced technology executive Scott Alcott, who has joined the Company as CEO to lead Innovative Systems through its next phase of growth.
Founded in 1998 and headquartered in Mitchell, South Dakota, Innovative Systems provides an integrated suite of mission-critical operating and billing software systems (“OSS/BSS”) capabilities as well as payments and bill processing. Innovative Systems’ platform creates a seamless, end-to-end operational and billing experience that eliminates the cost and complexity associated with integrating and maintaining disconnected point solutions. The Company delivers a comprehensive offering and high quality, 24/7 customer service to broadband service providers, utilities, cooperatives and municipalities across the U.S.