Intersel completed the acquisition of Upstream Systems from Actis.

Intersel, a privately held management, advisory, and investment firm, completed the acquisition of Upstream Systems, a mobile marketing technology company, from Actis, a global investment firm. Financial terms were not disclosed. “This acquisition is a strong vote of confidence in everything we’ve built. I am especially pleased to welcome Mr. Khoury as Executive Chairman. His telecom expertise, market insight, and global reach will be instrumental as we scale our solutions and expand into new markets,” Dimitris Maniatis, Upstream CEO.