Siris Capital Closes $3.45 Billion Technology Buyout Fund Fund; Significantly Exceeds Target; Will Continue Siris’ Established Strategy of Investing in High- Quality Technology Companies Facing Transitions

New York, March 1, 2019 — Siris Capital Group, LLC (“Siris”), a leading private equity firm focused on making investments in technology companies, today announced the closing of Siris Partners IV, L.P. (together with its parallel funds, “Fund IV”) with $3.45 billion of capital commitments. Through Fund IV, Siris intends to continue its established strategy of control investing, targeting mature mission critical companies that are navigating technology transitions.

“We are grateful for the overwhelming support and trust our investors have placed in us,” said Siris Co-Founder and Managing Partner, Frank Baker. “While the technology sector has become increasingly competitive for attractive high growth assets, we continue to have strong conviction in our strategy of acquiring mature technology companies and driving value creation.”

Fund IV exceeded its target amount of $3.0 billion. It nearly doubles the $1.8 billion in capital commitments of the prior fund raised in 2015 and is more than five times the $640 million in capital commitments of its initial institutional fund raised in 2012. Fund IV attracted a diverse group of investors that includes sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices, both in the United States and overseas.

Fund IV was activated for investments in late 2018. In the past year, Siris funds exited their investments in Polycom and Intralinks, and acquired Web.com. The previously announced acquisition of Travelport is expected to close in the first half of 2019. Park Hill Group LLC served as placement agent for Fund IV and Kirkland & Ellis LLP served as legal counsel.

About Siris Capital Group

Siris is a leading private equity firm focused on making control investments in data,telecommunications, technology and technology-enabled business service companies primarily located in North America. Integral to Siris’ investment approach is its collaboration with its executive partners, who are highly experienced senior operating executives, to identify, validate and operate investment opportunities. Their significant involvement allows Siris to partner with management to add value both operationally and strategically. To learn more, visit us at www.siris.com.

Media Contact:
Dana Gorman
Abernathy MacGregor
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