TNS

Investment Date

February 2013

Status

Realized

Website

tnsi.com

Transaction Network Services (“TNS”) was a leading global provider of specialized data communications and interoperability solutions. TNS’ global secure network and innovative value-added services enabled transactions and the exchange of information among many of the world’s leading retailers, banks, payment processors, financial institutions and telecommunication firms.

Under Siris ownership, TNS successfully navigated a number of technology shifts across the payments, telecom, and financial services verticals, while maintaining a 99% customer retention rate and serving thousands of enterprise and telecom operator customers worldwide. TNS also refocused its core offerings, shed non-core assets, and positioned the business for growth.