Empirix is a company that provides end-to-end network testing, monitoring and analytics solutions. Following the acquisition, Thoma Bravo will partner with Empirix’s management to improve business operations and accelerate the growth of the company.
“Thoma Bravo and Empirix management have identified significant growth opportunities within the network services industry and look forward to growing the business through quality customer experiences, innovative solutions and strategic acquisitions,” said Seth Boro, managing partner at Thoma Bravo.
The Thoma Bravo acquisition will give Empirix additional resources and support to provide end-to-end solutions to both enterprise and service provider markets.
“I am excited about the opportunity Thoma Bravo brings to Empirix to accelerate our business strategy,” said Empirix CEO John D’Anna. “We share a common vision of bringing together a fragmented industry to provide optimal end-to-end solutions for our customers. Empirix has nearly doubled in revenue during the last five years, and by partnering with Thoma Bravo we have the additional support to capture the substantial growth potential in the market.”
Over the past few years, Empirix has experienced considerable growth. It had a 22 per cent year-over-year revenue growth in 2012, driven in part by a significant increase in bookings from global Tier 1 mobile operators. The company also made the Inc. 5000 list of the fastest-growing privately held companies for the past five years.
The acquisition is part of Thoma Bravo’s industry consolidation investment strategy. The firm partners with a company’s management to improve business and make strategic acquisitions that will accelerate company growth. The firm currently manages a series of private equity funds representing more than $4 billion in equity commitments.
Empirix provides companies with real-time intelligence to cut operational costs, better retain customers and grow top-line revenues. Its customers include top communication service providers, mobile operators, banks, insurance and healthcare companies.
The acquisition was previously announced in a statement issued October 9. The financial terms were not disclosed.
SAMSUNG GALAXY S8 PLUS
The Samsung Galaxy S8 Plus is a beautifully crafted smartphone with nearly no bezel, curvaceous in design and reflects a…
How to: Connect to Exchange Online Using Multi-Factor Authentication
Using PowerShell to manage your Microsoft cloud services like Exchange Online and using multi-factor authentication (MFA) separately is awesome. Using…