Inflexion leads buyout of service assurance software provider MYCOM OSI
Inflexion Private Equity has announced it has completed the buyout of MYCOM OSI, a market leading provider of service assurance software to global telecommunication companies. This investment was made by Inflexion Buyout Fund V, Inflexion Private Equity Partners’ dedicated mid market buyout fund.
MYCOM OSI supports telecommunications companies with software solutions that assure network and service quality and performance for optimal customer experience. It provides the first service assurance solution run from the cloud and using a subscription model that has been commercially deployed at scale. With headquarters in the UK, the company employs over 250 people globally with clients including Deutsche Telekom, Safaricom, Saudi Telecom, Telefónica, Three UK, Telenor, T-Mobile, Verizon and Vodafone.
The business is poised for significant future growth as telecommunications companies transform to offer new digital, IoT and 5G services whilst adopting automated solutions to reduce operational costs. MYCOM OSI is well positioned as it leads the industry with its cloud-based automated assurance solution enhanced with AI/Machine Learning.
Simon Turner, Managing Partner of Inflexion, commented, “The team at MYCOM OSI have built up an excellent global client base and designed their technology and the company to address the global trend of digital transformation that is underway. With our support, the firm plans to continue to evolve their offering and expand their global footprint. We look forward to working together to continue to grow this exciting business.”
Dr Payam Taaghol, CEO at MYCOM OSI, commented, “We’ve had a great journey through several telecom generations, and have now transformed our company in to a leadership position for the next digital era based on IoT, 5G, automation and AI.. We are confident Inflexion’s international footprint combined with their strong digital skills make them an excellent partner for us as we embark on our next stage of growth.”
President and CTO of MYCOM OSI, Mounir Ladki added “We anticipated the telecoms industry’s transformation towards on-demand digital services using IoT and 5G and have rebuilt our portfolio in preparation using the very latest cloud-based technologies. As this transformation gathers pace, Inflexion’s first-class support will allow us to accelerate our roadmap plans to further embed automation and AI to deliver the brain behind the self-driving network.”
Inflexion is acquiring Clearlake Capital-backed MYCOM OSI from Founder and Chairman Siamak Sarbaz and management, with senior management continuing to manage the company in partnership with Inflexion.
Source: Inflexion Private Equity Press Release