.gif)
AIRCOM International partners with global private equity group ADVENT
AIRCOM International, a market-leading and rapidly growing global provider of wireless network OSS, planning, optimisation solutions, today announced a partnership with private equity group ADVENT International.
Under the terms of the agreement ADVENT has invested in a majority stake in the company. As one of the world’s largest and most successful private equity companies, ADVENT have a long track record of working with established telecom technology companies like AIRCOM to deliver impressive growth and expansion of the business going forward. ADVENT bring unique telecom, business and financial skills to the Board of AIRCOM International.
Nokia, which made an investment in AIRCOM in 1999, will retain a small minority interest in the business for an agreed period. The transfer of ownership means that, going forward, AIRCOM will be a truly independent player, ideally positioned to deliver full multi-vendor product solutions and services across the industry.
Dr Steve Mockford, CEO of AIRCOM, commented: “AIRCOM deliver best-in-class technology and services to the mobile communications industry. With our strong engineering foundation, we have always taken great pride in the products and services that we have delivered to our customers. The ethos of the company has always been to achieve success based upon state-of-the-art solutions. Looking forward, we are delighted to be working with the experienced and dynamic team from ADVENT International. We have a shared vision of how AIRCOM will grow and achieve greater success in the future and our new partners will, without question, deliver major benefits to our end customers.”
John Bernstein, Director at ADVENT who joins the AIRCOM board said: “As networks become increasingly complex, so operators need increasingly specialised tools and services to help them maintain operational efficiency. AIRCOM is ideally positioned to capitalise on this opportunity and presents a fantastic platform for growth. We are very much looking forward to working alongside Steve, Philip and the rest of this pioneering management team. ”
AIRCOM’s activities comprise two main business areas: software solutions and high-end engineering services. Its products and services cover the full network life cycle, from spectrum acquisition to automated planning and optimisation. The company’s fully-integrated combination of tools and services is unique in the independent sector, affording operators highly valuable “turn-key” solutions. This represents an attractive choice for operators looking for an independent provider in a sector that is fragmented in terms of product and service definition. Since its founding in 1995, the business has consistently delivered profitable growth, with revenue for the year to June 2005 and June 2004 up 60% and 40%, respectively.
AIRCOM currently provides products and services to 264 customers in over 115 countries worldwide. Based in the UK, the business operates from 14 offices worldwide and employs 580 full-time staff. Just over half of AIRCOM’s revenue is generated in Europe with the rest being spread across the globe, primarily the Middle East, Asia and the US. Customers comprise blue chip mobile network operators and vendors such as Vodafone, Orange, Telefonica, T Mobile and O2.
Share this article with others
Post to del.icio.us
Printed from http://www.eurocomms.com/online_press/11626/AIRCOM_International_partners_with_global_private_equity_group_ADVENT.html
Comment on this article
Skip to comments
We encourage users to analyse, comment on and even challenge European Communications's articles, including the one above - 'AIRCOM International partners with global private equity group ADVENT'
User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site.