Koch Equity Development completed the acquisition of Transaction Network Services from Siris Capital Group.

Koch Equity Development, a private equity firm, completed the acquisition of Transaction Network Services, a provider of secure connectivity and interoperability solutions via a global managed network enabling its customers to exchange data and information and transact worldwide, from Siris Capital Group, an investment group. Financial terms were not disclosed. "As a result of this acquisition, we will be able to accelerate our mission of enabling our customers to focus on growing their businesses without worrying about the ever-increasing complexities associated with securely transmitting mission-critical, time sensitive transactional data. We have enjoyed a close partnership with Koch over the past five years, and this deal is a natural progression of those years of working together. As part of Koch, we will deliver more value to our customers faster with increased investment in new technologies and current and future services which is critical to our long-term growth strategy," Mike Keegan, TNS CEO.