Mooreland Partners advises Polystar on its sale to Elisa

Stockholm – June 10, 2019 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to the global network assurance and analytics provider, Polystar on its sale to Elisa, a global provider of mission-critical telecommunication and digital services.

Polystar is a globally recognised telco software company with market leading analytics and service assurance offerings, skilled experts and international customers (100 customers in 50 countries), which are highly complementary to the Elisa Automate business. The combination of Polystar’s analytics expertise with Elisa’s automation capabilities will enable the development of new and innovative services internationally.

Founded in 1983 with headquarters in Stockholm, Polystar employs approximately 200 people in Sweden, Canada, Germany, Australia, New Zealand, Singapore and United States of America who will continue to operate within Elisa’s International Digital Services unit and Elisa Automate. The acquisition was priced at €70 million (cash and debt-free EV). The agreement also includes an additional earnout of up to €5 million contingent on achieving set growth targets.

“The acquisition is an important strategic milestone for the company allowing the combined business to expand its international software business for mobile network operators. We are pleased to have delivered another high-value cross boarder outcome for one of our clients. This transaction further demonstrates Mooreland Partners’ position as a premier global M&A advisor to Nordic-based technology companies, and to the global market for software companies focused on communications technology” said Patrick Seely, Managing Partner at Mooreland Partners.


Polystar enables Communications Service Providers to achieve excellence in Customer Experience Management, Big Data Analytics, Service Assurance, Network Monitoring and Service Enablement. The company helps CSPs to simplify their CEM strategies and drive operational efficiency through real-time network analytics. Polystar’s real-time Network and Customer Insights uncover a goldmine of data, which yields indispensable analytics to CSPs. Polystar is recognised as one of the fastest-growing companies in Sweden. Since our foundation in Stockholm in 1983, the company has experienced continuous and sustainable growth, and evolved to a global presence, serving its customers in over 50 countries. Further information on


Elisa Automate offers solutions and services for mobile operators to automate network management and operations. The value promise is to improve service quality and operator cost efficiency. With Elisa Automate solutions, network activities can be fully automated, allowing experts to focus on more value-creating development tasks. Mobile operators can efficiently and effortlessly analyze and better understand their networks and customer experience. Utilizing machine learning technologies, Elisa Automate brings advanced predictive analytics and preventive maintenance to the networks. Leading the way in efficiency, Elisa Automate solutions ensure that operators get maximal benefit out of their networks and investments.


Elisa is a pioneer in telecommunications and digital services. The company serves approximately 2.8 million consumer, corporate and public administration organisation customers, and have over 6.2 million subscriptions in its extensive network. Cooperation with Vodafone and Telenor, among others, enables globally competitive services. Elisa’s core markets are Finland and Estonia, and the company also provides digital services for international markets. Elisa’s shares are listed on the Nasdaq Helsinki. In 2018, its revenue was €1.83B, and it employed 4,800 people. As a responsible Finnish market leader, Elisa’s operations are guided by continuous improvement. Further information on