Mooreland Partners advises Sobha on sale of OSI subsidiary to MYCOM, a portfolio company of Clearlake Capital
Folsom, California / Roswell, Georgia — June 10, 2014 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Sobha Developers Ltd. (“Sobha”) on the sale of Objective Systems Integrators (“OSI”) to MYCOM Group (“MYCOM”), a portfolio company of Clearlake Capital Group. OSI, headquartered in Folsom, California, is a global provider of Operations Support Systems (OSS) solutions for communications service providers. The Company’s flagship product, NetExpert® is used by leading Communications Service Providers (fixed, broadband, and wireless companies) to manage their networks, services, products and customers. The acquisition brings together two well established businesses in adjacent sectors of the telecom OSS market and enhances MYCOM’s market leading service assurance product portfolio for CSPs.
Common to both companies’ product strategies is the management of multi-vendor, multi-technology, multi-domain network equipment elements within a unified system. In addition, both companies’ platforms are highly scalable and flexible, embedding telecom-specific capabilities and efficient automation. Clearlake Co-Founder Behdad Eghbali said, “MYCOM and OSI are highly complementary in terms of combining two best-of-breed, highly differentiated communications software offerings, and thus we are confident the acquisition of OSI uniquely positions MYCOM to effectively address the growing OSS needs of the combined customer base.”
The sale of OSI marks the 13th transaction advised by Mooreland since the beginning of 2014, and further strengthens Mooreland’s leading position in communications technology M&A advisory services.
OSI is a global provider of OSS solutions for communications service providers. OSI’s flagship NetExpert platform provides visibility and service assurance for the largest service providers in the world, as well as innovative providers of next-generation services such as LTE. With worldwide presence through sales offices and local partners, OSI has established its leadership in product and service innovations since its founding in 1989. NetExpert provides service, performance and fault management for large-scale complex networks, and provides both aggregate-up and drill-down visibility into the quality of the service down to a customer-level. For more information, please visit www.osi.com.
About MYCOM Group
MYCOM is a global provider of end-to-end telecom solutions that enhance the efficiency of network assets, processes and people for leading service providers, through a portfolio of next generation Software applications, Managed Services and Advanced Engineering Services. Its products, services and 750 staff are focused on delivering advanced network performance solutions that enables CSPs to optimize networks, govern suppliers, rapidly launch new technology and services, and deliver high quality customer experiences. For more information, please visit www.mycom-int.com.
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm focused on special situations and private equity investments such as corporate divestitures, recapitalizations, buyouts, reorganizations, and other equity investments. Clearlake currently manages approximately $1.4 billion of equity capital, and Clearlake’s founding principals have led over 70 investments totaling more than $3 billion of capital. For more information, please visit www.clearlakecapital.com.