The company was later sold to Platinum Equities and renamed NextiraOne.

Covad was acquired by private equity firm, Platinum Equity in April 2008.

Platinum Equity was founded in 1995 by Tom Gores.

In November 2011, Platinum Equity has bought image sensor business from Kodak which was short on cash.

After an acquisition, Platinum Equity often invests in additional businesses, equipment, people and facilities that give its holdings a stronger position for the long haul.

After the bankruptcy, Platinum Equity acquired the assets of the company.

At Platinum Equity, he expanded the firm's international offices in Europe.

In 2004, he left Platinum Equity to start his own global investment firm.

Platinum Equity and the Gores Group acquired Alliance in 2010.

Platinum Equity has since expanded its investment criteria to include public-to-private transactions and acquisitions from private sellers.