TPx, the managed service and connectivity provider, is getting a $70 million investment to accelerate expansion and technology transformation. As part of the investment, TPx is upgrading its technology infrastructure and investing in its channel partner capabilities.

Additionally, the investment, led by Siris Capital Group, will help enhancement of TPx products, systems and operations. This will improve the customer experience, enhance service excellence and bolster digital transformation, the company said. Also, the money is helping TPx to refinance debt.

‘Doubling Down’ on Commitment

TPx’s Rick Mace

Rick Mace is CEO of TPx.

“TPx has helped businesses navigate a complicated and evolving IT landscape for more than two decades,” Mace said. “With this investment, we are doubling down on our commitment to prioritize our customer experience. We look forward to investing in our people, our systems and new digital capabilities to help ensure service excellence and continue to meet the evolving IT needs of our direct customers and channel partners.”

Moreover, TPx helps its customers and channel partners steer through complicated IT demands. It provides a full suite of managed and co-managed networking, unified communication (UC) and cybersecurity solutions. With more than 120 technology certifications, TPx engineers, architects and support experts manage complex IT deployments.

Evolving Customer Needs

Joe Cozzolino is chairman of the board of TPx.

“The board is excited to continue to support TPx as it focuses on extending its market leadership position and focusing on modern IT needs,” Cozzolino said. “TPx expertly serves its large, diversified customer base through the deployment of a highly scalable and reliable UC platform and comprehensive suite of managed security, managed WAN and other managed IT services. With this investment, TPx is better positioned to address evolving customer needs and remain at the forefront of innovation in UC and IT solutions.”