Starhome Mach Announces Acquisition by Vista Equity Partners from Fortissimo Capital; Vista to Merge Telarix and Starhome Mach
Starhome Mach, the leading global provider of SaaS wholesale and retail roaming, clearing, settlement and fraud prevention technology, today announced that its existing owner, Fortissimo Capital (“Fortissimo”) has entered into a definitive agreement to sell 100% of the company to Vista Equity Partners (“Vista”). Fortissimo is selling Starhome Mach after successfully working with management to build the business since it was acquired in 2012.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181002005485/en/
Vista’s simultaneous acquisition of Starhome Mach and merger with existing portfolio company Telarix brings together two leading software providers to the global telecommunications industry. The combination of Telarix and Starhome Mach creates the first and only end-to-end technology solution enabling telecommunication and mobile virtual network operators (“MVNOs”) to manage and optimize their partner relationships across the full spectrum of voice, SMS and data transactions and value-added solutions. The combined business will serve thousands of customers across over 130 countries globally.
“With this combination, Telarix and Starhome Mach will serve telecommunication carriers and service providers around the globe, playing a critical role in optimizing and enabling the efficient operations of global communications solutions for the retail, wholesale and interconnect markets,” said Telarix CEO Marco Limena. “As a single company, we will be able to provide more powerful, integrated and comprehensive solutions to enable a wide-range of carriers to successfully participate, compete, and partner within the global telecom ecosystem. I am excited to work with these two world class teams to continue to serve our combined customer bases.”
Telarix provides leading Interconnect Business Optimization solutions, including providing the industry’s de facto standard for enabling business-to-business relationships for the voice, SMS and data service markets and a full suite of products for routing, billing, settlement, trading, and fraud prevention to carriers worldwide. Telarix’s products are highly complementary to Starhome Mach’s end-to-end wholesale and retail roaming, clearing and settlement and fraud prevention solutions and services.
The combined company will be the only provider of carrier solutions able to manage both the roaming and interconnect markets, creating a unique opportunity for the development of advanced product solutions, cross-ecosystem insights and real-time analytics that build upon the combined data and capabilities of the respective platforms of both companies.
“Our customers, many of whom already use Telarix’s solutions, want a single suite of integrated solutions to help manage the complexities and solve the challenges carriers face in ensuring seamless, ubiquitous connectivity for their customers,” said Starhome Mach’s CEO, Itai Margalit. “Under Fortissimo’s ownership, we successfully implemented a long-term strategy which included the acquisition and integration of Mach, launched SaaS versions of our leading roaming and clearing platforms and introduced a variety of innovative solutions beyond our customers’ roaming needs including analytics, real-time anti-fraud and IOT. As we look forward to our next phase of growth, we are thrilled to become a part of the Vista family and joining with Telarix to be able to further accelerate our strategies to provide the unique, comprehensive solutions that clients are demanding.”
“We are excited to help bring together Telarix and Starhome Mach’s market leading platforms, customers and management teams to uniquely address the holistic technology needs of telecommunication carriers worldwide,” said Rob Rogers, Co-Head of Vista Foundation Fund and Principal at Vista Equity Partners. “The opportunity to leverage the data of the combined platforms to create powerful new solutions will help power global communications in an ever-increasing complex environment.”
The combined entity will be headquartered in Vienna, Virginia and be led by a combined management team with current Telarix Chief Executive Officer Marco Limena as CEO. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2018. Terms of the transaction have not been disclosed.
Telarix is the world’s leading provider of business-to-business and OSS/BSS management solutions to improve efficiency and productivity. The company’s iXLink B2B information exchange platform enables carriers to optimize operational capabilities across all areas of the business — from analytics, billing and settlement, and contract management to fraud protection, pricing and traffic routing. The platform provides carriers with an unprecedented level of visibility and control over interconnect voice, video, data and SMS services and is used by more than 4,000 communications companies across the globe. For more information, visit Telarix at www.telarix.com.
About Starhome Mach
Starhome Mach enables seamless innovative solutions that overcome the complex challenges of today’s digital transformation era to drive desired business performance. In 1999 Starhome Mach revolutionized the Mobile industry with the introduction of its groundbreaking international solutions. Today our comprehensive solutions portfolio includes B2B Settlement, Customer Engagement, Real Time Analytics, Fraud and Security, and IoT. With an exceptional customer base of more than 300 mobile network operators, including 24 leading telecom groups, we have unique access to core network data, can automatically analyze mass amounts of data, and take real-time actions that improve customer experience. For more information visit StarhomeMach.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies' realization of their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
About Fortissimo Capital
Fortissimo Capital Fund is a leading private equity fund in Israel investing primarily in technology and industrial companies. Fortissimo takes an active approach and works with its portfolio companies on all aspects of their business fundamentals to build and facilitate sustainable long-term growth. For more information, please visit www.ffcapital.com.
Telarix or Starhome Mach
+44 207 751 44443
Vista Equity Partners
+1 (202) 776-7776
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
IFF Recognized by SAM’s 2019 “Industry Mover” Sustainability Award15.2.2019 21:15:00 | Pressemelding
Regulatory News: International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), was recognized for its sustainability efforts with the 2019 “Industry Mover” award from SAM, a subsidiary of RobecoSAM which specializes in providing environmental, social and governance (ESG) data, benchmarks and ratings. The recognition acknowledges the Company’s top-scoring performance in economic, social and environmental categories. “We are thrilled to receive this award from SAM,” said Andreas Fibig, IFF Chairman & CEO. “Our sustainability efforts are not only a key enabler of our overall strategy, but also a true passion here at IFF -- and we place it at the forefront of everything we do. It is deeply gratifying to have our work and our people recognized for doing the right thing for the planet.” SAM’s 2019 scoring is based on its 2018 Corporate Sustainability Assessment. Using a weighted methodology, SAM evaluates companies for criteria such as: codes of business conduct, ope
SFL: strong financial position and results in 2018, consolidating the Group’s position as a prime player15.2.2019 18:01:00 | Pressemelding
Regulatory News: The financial statements for the year ended 31 December 2018 were approved by the Board of Directors of Société Foncière Lyonnaise (Paris:FLY) on 15 February 2019 at a meeting chaired by Juan José Brugera. 2018 business indicators were very robust, with further underlying growth in rental income and historically high EPRA earnings. The portfolio's appraisal value and the Company's net asset value also continued to grow, attesting to SFL’s excellent positioning. The auditors have completed their audit of the annual financial information and are in the process of issuing their report. Consolidated data (€ millions) 2018 2017 Change Rental income 193.5 195.8 -1.2% Adjusted operating profit* 162.1 164.1 -1.2% Attributable net profit 351.6 685.3 - EPRA earnings 106.7 102.4 +4.1% * Operating profit before disposal gains and losses and fair value adjustments 31/12/2018 31/12/2017 Change Attributable equity 4,010 3,763 +6.6% Consolidated portfolio value excluding transfer cost
5 Happening Cultural Destinations to Visit in 201915.2.2019 10:11:00 | Pressemelding
Hong Kong There’s never really a sleepy year to visit Hong Kong, but 2019 is particularly ripe for visitors. Spearheaded by the dynamic entrepreneur Adrian Cheng of K11 and New World Development, the rejuvenation of Tsim Sha Tsui harbourfront is just the starting point. The city’s iconic harbourside walkway, Avenue of Stars, has just received a much-awaited makeover that’s the brainchild of Cheng and visually conceived by James Corner, the landscape architect responsible for the High Line in New York. It sees the addition of design-driven rest areas, kiosks featuring homegrown brands, hand prints from Asian film stars and interactive digital elements. Featuring Hong Kong’s first wave energy demonstrator that produces electricity for the Avenue, the place is turned into one of the most sustainable promenades in Hong Kong. This is just one part of Cheng and his company’s grander urban revitalisation plan, Victoria Dockside, a new art and design district which will fully open in the third
ISAE-SUPAERO Launches a New MOOC about Flight Mechanics15.2.2019 09:36:00 | Pressemelding
"ABC of Flight Mechanics: How Do Planes Fly?": a MOOC dedicated to flight mechanics. The notion of flight often defies our human terrestrial instincts. How does an airplane fly? How can a pilot maintain control? How high in the sky can an aircraft climb? How does a fighter pilot fly while spinning? This online course (available in English) will cover many topics, such as atmospheric physics and Newton's laws applied to aircraft, as well as propulsion forces and longitudinal stability the question of traction. The MOOC "ABC of Flight Mechanics" is aimed at general public with a specific level of scientific knowledge. Nevertheless, various levels of learning are available, thus it allows all students to take the course without needing to plenty understand the mathematical principles. Undergraduate students in aerospace engineering, trainees as well as novice and experienced pilots, journalists and professionals in the aeronautics domain (business, engineering, marketing, communications,
REPLY: Red Reply Wins the Oracle “Partner of the Year Autonomous” Award15.2.2019 09:30:00 | Pressemelding
Red Reply, the Reply group company that specialises in the Oracle Cloud IaaS and PaaS platform has been named as Oracle “Partner of the Year: Autonomous.” The award recognises Red Reply for its work as an Oracle Cloud Managed Service Provider Partner in developing highly innovative projects using the Oracle Autonomous Database technology. Red Reply has launched a project aimed at re-engineering the Policy Enterprise DataWarehouse of Verti Assicurazioni, company operating in the online insurance sector, using the Oracle Cloud Autonomous DataWarehouse service. The Autonomous DataWarehouse is a cloud-based database that uses machine learning to eliminate manual labour in operations such as tuning, security, backups, updates and other routine activities. This selected Oracle solution is the only one of its kind capable of addressing aspects such as security, performance and high availability of data, using automatic update and tuning mechanisms, while maximising the protection of data in l
Posiflex showcases new Interactive Self-Service Kiosks and IoT Retail Product Innovations at EuroCIS 201915.2.2019 08:00:00 | Pressemelding
The Posiflex Group — a synergy of world-leading POS, kiosk, and industrial computing technologies — will introduce its full product portfolio and latest innovations at EuroCIS, the leading trade fair for retail technology, from February 19th – 21st in Düsseldorf. With a product strategy focus on serviced IoT, the Posiflex Group will be displaying smart and connected retail solutions with fully-integrated middleware, RMS (Remote Monitoring System) and hardware. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190215005008/en/ Posiflex at EuroCIS Hall 9 / C42 (Graphic: Business Wire) “I am excited to introduce the Posiflex Group portfolio to the European market,” says Hans Peter Nüdling, the newly appointed Chief Strategy Officer for the Posiflex Group. “The Posiflex Group references the collective brands of the corporation, including Posiflex, Portwell and KIOSK Information Systems (KIOSK) – all under one corporate umbrella. As