In May 1999, Arcapita and its co-investors acquired a controlling interest in Computer Generation Incorporated, a leading global provider of telecommunications mediation systems designed to collect and process electronic transactions and operating data passing through telecommunications switches. As part of its mediation systems, CGI sold software and hardware, as well as software and hardware maintenance services. The company was founded in 1968 and was based in Atlanta, Georgia. Arcapita’s investment thesis was based on continued industry investment in infrastructure to accommodate rapid growth in both traditional telecom services and emerging IP-based data services. Arcapita worked closely with management to enhance CGI’s class-leading mediation capabilities, particularly with respect to mediating transactions from Internet-based networks. In December 2000, Computer Generation Incorporated was acquired by Intec Telecom Systems PLC, a publicly listed company based in the United Kingdom. Intec is the leading provider of third party software solutions for interconnect billing and settlement between telecommunications carriers.