Welcome!

News Feed Item

Clearlake Capital Backed MYCOM Software Business Acquires OSI to Help Communications Service Providers Deliver and Manage Network Services

MYCOM software business, the leading independent provider of carrier-grade Service and Network Performance solutions, today announced that it has acquired OSI, 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 not disclosed.

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 customer base.”

Mooreland Partners served as financial advisor to the seller, and Wells Fargo Capital Finance provided financing for the acquisition.

About MYCOM

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 customer experiences.

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 products.

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

About OSI

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...