BNET Industries

Last Fiscal Year Sales:$2.4M
  • Public
  • US
Dow Jones Description

Alyst Acquisition Corp. is a blank check company organized under the laws of the State of Delaware on August 16, 2006. We were formed with the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business. Our efforts in identifying a prospective target business are not limited to a particular industry although we initially focused our efforts on acquiring an operating business in the telecommunications industry because that is where our management has its most extensive experience. On July 5, 2007, we consummated our initial public offering ("IPO") of 8,044,400 units, including 1,044,400 units subject to the underwriters' over-allotment option, with each unit consisting of one share of our common stock and one warrant to purchase one share of our common stock at an exercise price of $5.00 per share. Simultaneously with the consummation of the IPO, we consummated a private placement to accredited investors of 1,820,000 warrants ("insider warrants") at a price of $1.00 per insider warrant, generating total proceeds of $1,820,000. Each insider warrant is exercisable at a price of $5.00 per share, or on a cashless basis, and may not be exercised until 90 days after we have completed a business combination. The units from the initial public offering (including the over-allotment option) were sold at an offering price of $8.00 per unit, generating total gross proceeds of $64,355,200. ...

Chief Executive Officer
Robert H. Davies
Number of Employees 2
Contact Information

233 E 69th St Ste 6J

New York, New York 10021

alyst.net

(646) 290-6104

NAICS Code : 999990

Recent Events

  • Alyst Acquisition Corp. and China Networks Media Agree to Amend Merger Agreement...

    6/19/09 - Joint Venture / Alliance - View Story

Decision Makers

Name (plus bio) Position
Robert H. Davies Chief Executive Officer
Michael E. Weksel CFO & COO

Board of Directors

Name (plus bio) Position
Robert A. Schriesheim Chair of Board
Matthew Botwin Board of Directors
Stephen J. DeGroat Board of Directors
William Weksel Board of Directors

Robert H. Davies served as our chief executive officer from our inception to May 2007 and has served as our chief strategist since May 2007. From 1993 to June 2007, Mr. Davies was a managing director of Source Companies, LLC, a company specialized in providing growth advisory and investment banking services to the controlling-owners of medium-sized businesses, and had previously served on the Advisory Board of Source Companies. He currently still provides Source Companies with consulting services. From 1997 to 2001, Mr. Davies served as co-founder, shareholder, director and principal strategist for e-Fin LLC, an Internet-based private financial services company. From March 1994 to 1999, Mr. Davies served as a co-founder, director and principal strategist for LogistiCare, a leading transportation management solutions company. From 1992 to 1996, he also served as a vice chairman and principal strategist for The E.F. Johnson Company, a leading provider of two way radios and communication systems for law enforcement, fire fighters, EMS and the military. From 1991 to 1997, Mr. Davies was a founder and principal of Weksel, Davies & Co., Inc. Weksel, Davies, through its affiliates, held controlling interests in LogistiCare, The E.F. Johnson Company, and Viking Mobile Communications, Inc., a radio spectrum development and trading company. From 1988 to 1991, Mr. Davies was a limited partner and vice president of Brooke Partners LP, a private New York-based investment partnership. From 1983 to 1988, Mr. Davies was managing director, mergers & acquisitions for the Bell Atlantic Corporation. Prior to 1983, Mr. Davies held the position of manager in the Management Advisory Services group for Deloitte Haskins & Sells, a predecessor firm to Deloitte & Touche, where he specialized in telecom industry consulting. Mr. Davies received a BA from Princeton University and an MBA from The Wharton School, University of Pennsylvania.

Organization Position Status
Alyst Acquisition Corp. Chief Executive Officer Current
Alyst Acquisition Corp. Chief Strategist Former
Source Companies, LLC Managing Director Former
Logisticare, Inc. Co-Founder Former
Logisticare, Inc. Principal Strategist Former
E.F. Johnson Company Principal Strategist Former
Logisticare, Inc. Director Former
E.F. Johnson Company Vice Chairman Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
Princeton University B.A. Former

Michael E. Weksel has been our chief operating officer, chief financial officer, secretary and a member of our board of directors since our inception. Since 2000, Mr. Weksel has been a principal in Industrial Acquisitions Management, LLC, a private venture firm. From 1994 to 1999, Mr. Weksel served on the board of directors and as chief financial officer and vice president of LogistiCare which he co-founded. From 1992 to 1994, Mr. Weksel served as a managing director at Weksel, Davies & Co. Inc. In that capacity, Mr. Weksel acted as the sole executive officer at Viking Mobile Communications and as project director for the implementation of a new enterprise computing solution at The E.F. Johnson Company. Mr. Weksel also served on the board of directors of The E.F. Johnson Company. Prior to 1992, Mr. Weksel worked as an associate at the merchant banking firm of Joseph, Littlejohn and Levy, Inc. Mr. Weksel currently is a director of both GovDelivery, Inc., a leading software as a service, e-mail subscription management system provider, and Safe Lites, LLC, a developer of applications of electroluminescent technologies. Mr. Weksel received a BS from the State University of New York at Albany and an MBA from Columbia University.

Organization Position Status
Alyst Acquisition Corp. CFO & COO Current
Alyst Acquisition Corp. Board of Directors Current
Govdelivery, Inc. Director Current
E.F. Johnson Company Project Director Former
E.F. Johnson Company Board of Directors Former
Columbia University M.B.A. Former
State University of New York at Albany B.S. Former

Robert A. Schriesheim has served as a director since May 2006 and as executive vice president and chief financial officer since October 2006. From 2002 until October 2006, he was a general partner of ARCH Development Partners LLC, a technology venture capital fund. From 1999 to 2002, he was executive vice president of corporate development, chief financial officer, and a director for London, England-based Global Telesystems, Inc., a $1 billion revenue publicly traded provider of telecommunications services to businesses throughout Western and Central Europe and Russia, backed by George Soros and affiliates, where he led the financial restructuring and sale of the company. Previously, he held various executive positions at SBC Equity Partners, Ameritech, AC Nielsen, and Brooke Group Ltd. He also currently serves on the boards of publicly-traded Alyst Acquisiton Corp., MSC.Software Corp., Skyworks Solutions Inc., several private technology companies and served on the board of Dobson Communications until its sale to AT&T.

Organization Position Status
Lawson Software, Inc. Executive Vice President & Chief Financial Officer Current
Vastech, Inc. Executive Vice President, Chief Financial Officer, Director Current
Lawson International AB Executive Vice President and Chief Financial Officer Current
Alyst Acquisition Corp. Chair of Board Current
Enfora Sa Director Current
Lawson International AB Director Current
Skyworks Solutions, Inc. Board of Directors Current
Accelchip, Inc. Board of Directors Current
Dobson Communications Corporation Board of Directors Current
Mobitrac, Inc. Board of Directors Current
Lawson Software, Inc. Board of Directors Current
Akoya Board of Directors Current
Golden Telecom, Inc. Member Current
Global Telesystems, Inc. Member Current
Dobson Telephone Company, Inc. president Former
Global Telesystems, Inc. Chief Financial Officer Former
NEXTEL Communications, Inc. chief operating officer Former
Global Telesystems, Inc. Executive Vice President, Corporate Development Former
Acnielsen Corporation Executive Vice President, Corporate Development Former
Lawson Software, Inc. Executive Vice President Former
Ameritech Corporation Vice President of Corporate Development Former
Ameri Tech Vice President of Corporate Development Former
Acnielsen Corporation Vice President of Global Corporate Development Former
Dobson Telephone Company, Inc. general manager Former
ARCH Development Partners, LLC Venture Partner Former
Acnielsen Corporation Executive Positions Former
Smartsignal Corp. Observer Former
Global Telesystems, Inc. Board Member Former
American Cellular Corporation Board of Directors Former
Golden Telecom, Inc. Board Member Former
ARCH Development Partners, LLC Board of Directors Former
Dobson Telephone Company, Inc. secretary Former
Acnielsen Corporation Board Member Former
University of Chicago Graduate School of Business MBA In Business Economics Former
University of Chicago Mba Former
University of Central Oklahoma B.S. in Business Administration Former
Princeton University Ab In Chemistry Former

Matthew W. Botwin has been a member of our board of directors since our inception. Since October 2003, Mr. Botwin has been a managing director of Regent Square Group, a telecommunications and government affairs consulting firm. Mr. Botwin also serves as chairman of the Regulatory Working Group for the Global VSAT Forum, an association of companies involved in the business of delivering advanced digital fixed satellite systems and services to consumers, and commercial and government enterprises worldwide. He is also an advisor to the World Bank’s Global Innovation Fund, a fund designed to create greater access to private capital for medium sized technology-driven businesses. From June 1998 to October 2003, Mr. Botwin was senior manager for international government relations at PanAmSat Corporation, a satellite communications company. From 1997 to 1998, Mr. Botwin worked at the foreign government affairs office of AT&T Corporation. Mr. Botwin received a B.A. from Hobart College, an M.A. from the London School of Economics and a masters in international telecommunications policy from the School of International Affairs at Columbia University.

Organization Position Status
Alyst Acquisition Corp. Board of Directors Current
The London School of Economics M.A. Former
Hobart and William Smith Colleges B.A. Former

Stephen DeGroat has been a member of our board of directors since our January 2009. Mr. DeGroat is a Managing Director with Channel Capital,LLC an information services company and broker dealer in NYC. Channel Capital operates HedgeFund.Net; Private EquityCentral.Net and CapDial.Net. Prior to his current position at Channel Capital, Mr. DeGroat has had a distinguished career in investment banking spanning more than 25 years, holding management and other positions at many broker dealers, including Chairman of Jesup & Lamont, CEO of Broadmark Capital, Guilford Securities, Smith Barney and Drexel Burnham. Mr. DeGroat graduated from Fordham College, BA Economics.

Organization Position Status
Alyst Acquisition Corp. Board of Directors Current

Dr. William Weksel has been our chief executive officer since May 2007 and a member of our board of directors since our inception. He also served as our non-executive chairman of the board of directors from our inception until March 2007. Dr. Weksel is a private venture investor and has been a principal in Industrial Acquisitions Management, LLC, a private venture firm, since 2000. From 1990 to 1999, Dr. Weksel served as president of Weksel, Davies & Co., Inc. From 1992 to 1996, he also served as chairman and president for The E.F. Johnson Company, a leading provider of two way radios and communication systems for law enforcement, fire fighters, EMS and the military. From 1987 to 1990, Dr. Weksel was president of Brooke Group, Inc., a holding company which held controlling interests in Western Union Corp., Liggett Group, Inc., MAI Basic Four, Inc., and several privately held companies in various industries ranging from computer microfilm sales to ice cream manufacturing. At various times during that period, Dr. Weksel was chairman of Liggett, vice chairman of Western Union and chairman and chief executive officer of MAI Basic Four, each of which companies was listed on the New York Stock Exchange. Dr. Weksel is currently a director of Safe Lites, LLC. Dr. Weksel received a B.A. from Queens College, an M.A. from the University of Illinois and a Ph.D. in Communications from the University of Illinois, and was a National Science Foundation Post Doctoral Fellow at the Research Lab of Electronics at the Massachusetts Institute of Technology.

Organization Position Status
Alyst Acquisition Corp. Board of Directors Current
Alyst Acquisition Corp. CEO Former
University of Illinois PH.D. In Communications Former
University of Illinois M.A. Former
Queens College B.A. Former
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