Mooreland Partners advises Anite plc on its acquisition of Xceed Technologies
Fleet, UK / Chantilly, VA, USA — October 6, 2014 — Mooreland Partners is pleased to announce that it acted as sole financial advisor to Anite plc (“Anite”) on its acquisition of Xceed Technologies Inc. (“Xceed”) for a total consideration of $30 million plus up to $5 million deferred consideration. Xceed reported $11.8 million revenue and $1.6 million EBITDA in its financial year ended 31 December 2013.
Xceed Technologies is the leader in wireless network optimization and rules-based performance management solutions for the wireless industry. Its innovative software and service solutions, including WindCatcher and Xynergy, deliver deeper insight into Big Data, providing the network intelligence and advanced automation needed to identify network failures and improve performance and efficiency.
WindCatcher, the industry’s most popular desktop product for network optimization, is used throughout the network lifecycle to design, deploy, monitor, optimize and benchmark network performance based on drive test and network data. Xynergy platform is a web-based enterprise solution with advanced network acceptance, benchmarking and performance management capabilities designed to accept data from any source and work with any system. Founded in 2002, Xceed is based in Chantilly, near Washington, D.C and employs 55 staff.
The acquisition of Xceed will broaden Anite’s product portfolio in the analytics and post-processing market, an area of significant operator focus and growth. This acquisition also brings a strong tier one customer base in North America, enhancing the existing customer base of Anite Network Testing business unit.
The acquisition of Xceed marks the 15th transaction advised by Mooreland since the beginning of 2014, and further strengthens Mooreland’s position as a global M&A advisor to the Communications Technology industry.