LOS ANGELES, CA (January 13, 2015) – Platinum Equity today announced the signing of a definitive agreement to sell Ulticom to Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions. Ulticom is a leading provider of signaling software used in communications networks. Financial terms were not disclosed.
The pending transaction is subject to customary closing conditions and is expected to close on or before January 30, 2015. Platinum Equity acquired Ulticom through a public-to-private transaction in December 2010.
“Ulticom’s success over the past four years is a result of the company’s commitment to innovation and a lot of hard work by so many talented Ulticom employees,” said Platinum Equity Partner Bob Wymbs. “The investment also reflects Platinum Equity’s deep roots in software and communications technology and our long-standing commitment to investing in the lower middle market. We achieved our goals and I am very proud of all that has been accomplished during our ownership.”
Ulticom’s signaling software enables telecommunications network equipment and service providers to deploy services within wireless, IP, and wireline networks. Ulticom's products interconnect complex switching, database and messaging systems and manage number, routing, and billing information.
“Platinum Equity has been a great steward of our business, helping to sharpen our strategic focus while providing the operational and financial resources necessary to be successful,” said Ulticom Chief Executive Officer Bruce Swail. “We are delighted to join the team at Mavenir Systems and further enhance their growing product portfolio. Our experience in the global signaling control market is highly complementary to the innovative solutions Mavenir provides its customers.”
About Platinum Equity
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy the firm calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.
Ulticom is a leading provider of signaling software used in communications networks. With over 7,000 deployments worldwide, the company’s flagship product, Signalware, is a premier platform for the deployment of applications and services within wireless, IP, and wireline networks. Ulticom’s Diameter Signaling Controller (DSC) is a commercially deployed NFV-ready software solution that has been selected by numerous Tier One operators enabling the global transformation to 4G LTE. Software-based diameter solutions are deployed in ten carrier networks globally, two of which are among the world’s top ten Mobile Network Operators (MNOs). For over 30 years, Ulticom has delivered carrier-grade solutions that are robust and reliable, all backed by the company’s dedicated service and support. Mobile Network Operators (MNO), Signaling Hub Providers (IPX, GRX), Telecom Equipment Manufacturers (TEM) and Systems Integrators (SI) trust Ulticom solutions to optimize information and application delivery with increased efficiency and security.