TA Associates completes investment in Radialpoint

TA Associates, a private equity and buyout firm with offices in Boston, said today it has completed a $98 million investment (in Canadian dollars) in Radialpoint.

Radialpoint is a Montreal-based provider of managed digital home security and care services to the world’s largest Broadband Service Providers, or BSPs, said TA Associates, which added that Radialpoint's US customers include Verizon Communications Inc. Through its clients, Radialpoint’s services are currently available to more than 20 million broadband subscribers globally, TA Associates noted.

Hythem T. El-Nazer, a vice president at TA Associates, and Jonathan W. Meeks, a managing director at TA Associates, will join the Radialpoint board of directors, the firm said.

“Radialpoint’s offering addresses many of the business priorities of BSPs, including increasing service revenue and customer acquisition and reducing churn," El-Nazer said in a statement. "There are several potential avenues of growth to Radialpoint’s business, and we look forward to working closely with the company’s talented management team as they seek to further expand the business and increase market share.”
(By Chris Reidy, Globe staff)