Golden Gate Capital, a global private equity firm, completed its previous announced buy out of Tollgrade Communications, a provider of network assurance solutions. Tollgrade’s smart grid solutions for the utilities industry enable electric utilities to provide real-time grid intelligence and immediate fault detection, which helps to minimize the impact of outages and optimize utilization of assets.
Tollgrade is based in Cranberry Township, Pa., and has about 112 employees around the globe. http://www.tollgrade.com
- Earlier this year, Gold Holdings, Inc., an affiliate of Golden Gate Capital, acquired Conexant Systems.
Golden Gate Capital manages more than $9 billion in capital and has completed over 13 going-private transactions in the technology sector since its inception in 2000. The firm is based in San Francisco.