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Clearlake Capital Backed MYCOM Software Business Acquires OSI to Help Communications Service Providers Deliver and Manage Network Services
|By Business Wire
|June 3, 2014 03:05 AM EDT
software business, the leading independent provider of carrier-grade
Service and Network Performance solutions, today announced that it has
a leading Fault Management and Service Impact provider, to extend and
enhance its market leading Service Assurance product portfolio for
Communications Service Providers (CSPs). MYCOM is backed by Clearlake
Capital Group, a private investment firm. Terms of the transaction were
The acquisition brings together two well established businesses in
adjacent sectors of the Telecom OSS Service Assurance market: MYCOM
provides end-to-end multi-domain service and network performance
management with its award-winning NIMS-PrOptima™ platform, and OSI
provides umbrella fault and service impact management with its
market-leading NetExpert™ platform.
“MYCOM Group continues to grow from strength to strength, and today we
have made a significant step forward in our ability to provide our
customers with advanced solutions that help them meet their business
objectives rapidly and efficiently,” said Siamak Sarbaz, MYCOM Group
Chairman and Founder. “The combined MYCOM/OSI product portfolio, our
continued commitment to significant R&D investment in Service Assurance
software product innovation, and our enlarged combined customer base
across wireless and wireline providers will enable us to better serve
our customers and meet our growth goals.”
“Network and Service Quality are the fundamental contributors to
customer experience, loyalty and churn,” added Payam Taaghol, CEO of
MYCOM software business. “Our mission is to simplify Service Assurance
so that the very platforms that our customers implement to manage their
complex networks do not add even more complexity. We want to deliver
pre-integrated, fully automated service assurance solutions, rich with
telecom expertise that correlates services to network resources and
unlocks valuable network intelligence.”
Common to both companies’ product strategies is the management of
multi-vendor, multi-technology, multi-domain network equipment elements
within a unified system. In addition, both companies’ platforms are
highly scalable and flexible, embedding telecom-specific capabilities
and efficient automation.
“The intelligent analysis and automation from both companies will enable
MYCOM to realize its concept of building a Service Assurance solution
that provides real time visibility of Service Experience and
autonomously optimizes Network and Service Quality,” added Mounir Ladki,
President and CTO of MYCOM software business. “This is a key requirement
of our customers as they strive to enable more digital services with
differentiated experiences over their heterogeneous converged networks.”
Clearlake Partner and Co-Founder Behdad Eghbali said, “We are excited to
continue to back MYCOM in the next stage of its evolution as it acquires
OSI. MYCOM and OSI are highly complementary in terms of combining two
best-of-breed, highly differentiated communications software offerings,
and thus we are confident the acquisition of OSI uniquely positions
MYCOM to effectively address the growing OSS needs of the combined
Mooreland Partners served as financial advisor to the seller, and Wells
Fargo Capital Finance provided financing for the acquisition.
MYCOM is the leading independent provider of carrier-grade Network and
Services Performance Management and Advance Engineering Services to the
world’s largest Communications Service Providers. Its products, services
and 700 staff are focused on delivering advanced network performance
intelligence that enables CSPs to optimize networks, govern suppliers,
rapidly launch new technology and services, and deliver high quality
MYCOM’s NIMS-PrOptima™ product is used every day by thousands of
engineers to provide near real-time, end-to-end and deep insight of
Access, Backhaul, Core and Service Networks with out-of-the-box support
of all major technologies, domains and equipment vendors. MYCOM’s
independent Engineering Services team has successfully partnered with
leading CSPs for more than 15 years to deliver radio and core network
design, planning, optimization, implementation and testing services.
MYCOM’s comprehensive knowledge and expertise is encapsulated in its
MYCOM was founded in 1997 and is privately-owned with 11 offices across
Europe, Middle East, Asia and the Americas. Further information about
MYCOM can be found at www.mycom-int.com
OSI is a global provider of Operations Support Systems (OSS) solutions
for Communications Service Providers. OSI’s flagship NetExpert® platform
provides visibility and service assurance for the largest service
providers in the world, as well as innovative providers of
next-generation services such as LTE. With worldwide presence through
sales offices and local partners, OSI has established its leadership in
product and service innovations since its founding in 1989. For more
information, visit http://www.osi.com/.
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on
private equity investments such as corporate divestitures,
recapitalizations, buyouts, reorganizations, and other equity
investments. Clearlake seeks to partner with world-class management
teams by providing patient, long-term capital and operational expertise
to invest in dynamic businesses. Clearlake currently manages
approximately $1.4 billion of equity capital, and Clearlake’s founding
principals have led over 70 investments totaling more than $3 billion of
capital in sectors including business services, communication, consumer
products/retail, defense/public safety, energy/power, healthcare,
industrials, media, and technology. For more information, please visit www.clearlakecapital.com.
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