FAIRFAX, Va. & LEATHERHEAD, England -- (BUSINESS WIRE) --
TEOCO, the leading provider of Assurance, Analytics and Optimization solutions to Communications Service Providers (CSPs) worldwide, today announced that it has signed a definitive agreement to acquire AIRCOM International, a leading network design and optimization software and solutions provider. The combined company will serve a global customer base of over 300 communication service provider customers across more than 100 countries from its office locations in over 15 countries.
Established in 1995, AIRCOM is the market leader in mobile network planning, optimization and mobile performance management. AIRCOM’s solutions and expertise has translated into direct and measurable improvements for more than half of the world’s mobile operators and over 2 billion subscribers globally.
“The addition of AIRCOM is a turning point for TEOCO," said Atul Jain, Founder and CEO of TEOCO Corporation. “Undoubtedly, the most valuable asset in the communications industry is wireless spectrum. AIRCOM’s market and technology leadership elevates and solidifies TEOCO’s position as a trusted solutions partner to manage the end-to-end process of planning, deploying and operating this precious and finite resource. AIRCOM adds important new customers, and expert staff with unmatched understanding of technology platforms and regional differences.”
The deal represents a strategic opportunity for TEOCO to sell, deliver, and support customers in each region of the world. Additionally, AIRCOM’s RAN expertise provides insight into a valuable data source for TEOCO’s analytics solutions to understand and predict any subscriber’s behavior, location and service experience. TEOCO strengthens its market position, deepens its expertise to support the next generation needs of operators worldwide, and ensures scale to become a truly global player.
“The combined company provides deeper and broader expertise to support the emerging needs of operators of all sizes,” said Alwyn Welch, CEO of AIRCOM International. “Our customers will benefit from a market-leading solution portfolio delivered by a preeminent independent supplier with a significantly larger team of world-class experts. Together we will provide a portfolio to address current and emerging challenges such as SON, small cells, geolocation, and the monetization of subscriber data.”
The transaction is expected to close at the end of November.
About TEOCO
TEOCO is the leading provider of Assurance, Analytics and Optimization solutions to Communication Service Providers worldwide. TEOCO’s product portfolio includes Customer Analytics, Margin Assurance, Service Assurance and Network Optimization solutions.
Since 1995, TEOCO has helped over 140 of the largest CSPs around the world to manage and evolve their businesses efficiently and profitably, while enhancing the customer experience. TEOCO is widely recognized for its commitment to principled entrepreneurship, business ethics and employee ownership with a particular emphasis on its core values of alignment with employees, clients and community.
For more information, visit www.teoco.com.
About AIRCOM
AIRCOM is the leading independent provider of network planning, optimization and management software for mobile networks. AIRCOM’s products, all of which are LTE capable, enable operators to regain visibility and control of their network, which in turn drives efficiency and profitability.
The market leader in the provision and deployment of network engineering solutions, AIRCOM products are used in over 100 countries by over half the world’s mobile operators. Every day, the 20 top global operators depend on AIRCOM’s solutions to improve network coverage and quality for more than 2 billion subscribers worldwide. Established in 1995, AIRCOM has built its reputation on creating and releasing additional value from within mobile networks.
For more information, visit www.aircominternational.com
CONTACT:
TEOCO Media:
Barbara Henris, +1 (703) 470 9446
Quexor Group
barbara.henris@quexor.com
or
AIRCOM Media:
Charlotte Abbott/Paul Nolan, +44 (0) 207 5357 208 / +44 (0) 118 920 7650
CCgroup
aircom@ccgrouppr.com