Inflexion sells investment in MYCOM OSI to Nasdaq-listed Amdocs
Inflexion Private Equity is pleased to announce that it has agreed to sell its investment in MYCOM OSI (“MYCOM”), a leading provider of SaaS-based cloud network and service assurance solutions to communications companies, to Amdocs (NASDAQ: DOX), a US-based leading provider of software and services to communications and media companies.
The announcement is the latest in a record period of realisations by Inflexion over the last six months which include the successful exits of Marley, Alcumus, Halo, and Medivet.
Since Inflexion’s investment in MYCOM in November 2018, the business has transitioned into a subscription-based operating model benefitting from strong customer loyalty whilst successfully securing a number of blue-chip international client wins.
MYCOM provides its software solutions to more than 40 top-tier telcos worldwide, assuring the experiences of two billion-plus subscribers. In addition to its London headquarters, MYCOM has offices in the US, France, UAE, India and Singapore. It provides the first service assurance solution run from the cloud and uses a subscription model that has been commercially deployed at scale to a loyal client base. Its best-in-class offering is regularly recognised through awards including a Telecoms Review Excellence Award for its cloud-native service assurance platform.
MYCOM is a market-leading, mission-critical business with a loyal customer base. The business has successfully transitioned its business model under our stewardship and is well placed for future growth. We would like to thank Andrew Coll and the whole team at MYCOM for their dedication and commitment and are confident that the business will benefit from being part of Amdocs with its complementary offering.
Inflexion have been extremely supportive in our transition to a subscription-led model and during their investment, we have secured a number of major new international clients. We’re now excited to be embarking on the next chapter of our company story as part of the Amdocs family as we bring our combined expertise together under one roof.
This is a strategic growth move that builds on our other recent successful acquisitions in the network and cloud space and executes on three of our core strategic pillars – intelligent network automation, 5G and cloud. As the network and services of the 5G era become increasingly dynamic and complex, a holistic, end-to-end approach is key and can only be achieved with a powerful AI-backed assurance solution suite. That’s why we’re so excited to welcome the highly talented and dedicated MYCOM OSI team to Amdocs.