Astellia has announced the acquisition of Ingenia Telecom, a provider of network analysis and radio optimisation for mobile operators. With the purchase, Astellia reinforces its E2E offering with a probeless solution adding new capabilities of RAN and SON analysis.
Founded in 2007 and based in Valencia, Spain, Ingenia Telecom has developed technologies to optimise 2G, 3G and 4G networks and has a customer base in the Spanish and Latin American market. With the acquisition, Astellia completes its E2E offering with Ingenia Telecom’s probeless RAN and SON optimisation solution.
The acquisition is financed with a bank loan and cash. It also includes an earnout subordinated to revenue targets payable annually at the end 2014 to 2016. In 2013, revenues of Ingenia Telecom represented less than 10% of Astellia’s revenues and operations were close to breakeven.
<p >With a team of 70 people, mainly in R&D, Ingenia Telecom and Astellia also share common values, said the companies. The integration maintains the legal entity in Spain and brings together teams within the Service, Products and Sales business units of Astellia. Technological and commercial synergies will quickly be implemented and initial customer contacts offering the complementary solutions are already underway.
Domingo Muñoz, the chief executive of Ingenia, said: “We believe this is an opportunity to work with a partner that has the right experience to develop the market presence of our advanced offer and keep the strong value of our Company. Astellia is an excellent choice for our team”
Christian Queffelec, the chief executive of Astellia, added: “We quickly identified a strategic interest for Astellia but the turning point was the fact that our company cultures are very similar. This will allow us to move quickly towards the essential, namely the availability of an enriched and highly anticipated E2E solution to offer a high performance and quality mobile internet.”
