On July 23, 2020 — Shore Points Capital a private equity firm based in New York, NY, is pleased to announce that it has led the acquisition of Newport Systems Inc. Robert Morton, the existing Executive Vice President, was promoted to the position of President and will join the Company’s Board of Directors. Newport’s leadership team, software engineers and system support specialists will all continue to move the company forward.
Headquartered in Wall, New Jersey, Newport Systems Inc. offers a comprehensive suite of software, mobile technologies and system integrations to the dynamic intermodal industry. Since 1996, Newport Systems has been the leader in providing comprehensive maintenance and repair information systems for container transport and related industries. Newport’s solution technologies have expanded to include port and rail terminals, equipment depots and the vendors that support the land side supply chain.
“Shore Points is very excited to join forces with Bob Morton and the Newport team and we look forward to supporting the Company’s continued growth and success” said Ed Irwin of Shore Points. Robert Morton added that “Shore Points’ experience and success in supporting software companies like Newport makes this a tremendous opportunity for our clients, employees and our future.”
About Shore Points Capital
Shore Points Capital is a NY-based private equity firm focusing on equity investments in lower middle market businesses with a focus on business-to-business software and technology companies. (www.shorepointscapital.com) Contacts: Ed Irwin (email@example.com), Walt Bellingham (firstname.lastname@example.org)