Private equity firm Thoma Bravo has signed a definitive agreement to acquire Empirix, a provider of network testing, monitoring and analytics systems. Financial terms were not disclosed.
Empirix helps CSPs, mobile operators and enterprises master complexities within their networks and optimize business performance with real-time intelligence to reduce operational costs, maximise customer retention and grow top-line revenues.
The Empirix customer base consists of CSPs, mobile operators, banks, insurance and healthcare companies. The company has achieved significant growth over the past five years, reporting 22% year-over-year revenue growth in 2012, partially driven by a significant increase in bookings from global Tier 1 mobile operators.
“Empirix is a clear leader in the field of service assurance and network management,” said Robert Sayle, principal, Thoma Bravo. “We are very excited about this partnership.”
Seth Boro, managing partner, Thoma Bravo, added: “The company offers a unique ability to analyse customer behaviors by application in real time. Its products, strategy and leadership have positioned it for success, and we look forward to accelerating that success through organic growth and strategic acquisition opportunities.”
The acquisition will add to the investment firm’s portfolio in the service assurance and network management markets. Recent investments include Network Instruments, InfoVista, Blue Coat Systems, nCircle, SonicWALL, Mentum, Solera Networks, Netronome, and more recently Keynote Systems.
John D’Anna, the chief executive officer of Empirix, welcomed the move: “Empirix has experienced significant growth in the past several years as companies strive to better manage and transform complex communications systems and the business objectives they support. The resources of Thoma Bravo will strengthen our position to meet our customers’ glaring need for next-gen technology, while we rapidly complete our plan to bridge applications and network monitoring for both the enterprise and service provider markets.”
