Thoma Bravo, LLC, a leading private equity investment firm, announced today that it has signed a definitive agreement to acquire Empirix Inc., the recognized leader in end-to-end network testing, monitoring and analytics solutions. Financial terms were not disclosed.
Empirix helps service providers, mobile operators and enterprises master complexities within their networks and optimize business performance with real-time intelligence to reduce operational costs, maximize customer retention and grow top-line revenues.
The Empirix customer base consists of top communication service providers, mobile operators, banks, insurance and healthcare companies. The company has achieved significant growth over the past five years, reporting 22 percent year-over-year revenue growth in 2012, partially driven by a significant increase in bookings from global Tier 1 mobile operators.
“Empirix is a clear leader in the field of service assurance and network management,” said Robert Sayle, principal, Thoma Bravo. “We are very excited about this partnership.”
“The company offers a unique ability to analyze customer behaviors by application in real time,” added Seth Boro, partner, Thoma Bravo. “Its products, strategy and leadership have positioned it for success, and we look forward to accelerating that success through organic growth and strategic acquisition opportunities.”
Thoma Bravo has deep experience in the service assurance and network management markets. Recent investments include Network Instruments, InfoVista, Blue Coat Systems, nCircle, SonicWALL, Mentum, Solera Networks, Netronome, and more recently Keynote Systems.
“Empirix has experienced significant growth in the past several years as companies strive to better manage and transform complex communications systems and the business objectives they support,” said John D’Anna, the company’s chief executive officer. “The resources of Thoma Bravo will strengthen our position to meet our customer’s glaring need for next-gen technology, while we rapidly complete our plan to bridge applications and network monitoring for both the enterprise and service provider markets.”
The transaction is expected to be finalized by early November.
BMO Capital Markets acted as financial advisor to Empirix on this transaction.
About Thoma Bravo
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm applies its own industry consolidation investment strategy and process, which seeks to create value by partnering with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages a series of private equity funds representing more than $4 billion of equity commitments. For more information, visit www.thomabravo.com.
Empirix is the recognized leader in end-to-end network performance visibility with the unique ability to analyze customer behaviors by application in real time. We help service providers, mobile operators and enterprises optimize business processes to reduce operational costs, maximize customer retention and grow top-line revenue. Through monitoring, analytics and intelligence, Empirix helps companies around the world realize the full value of their technology investments.
Empirix is a trademark of Empirix, Inc. in the United States and other countries.