|[April 24, 2012]
H.I.G. Europe Portfolio Company, AIRCOM International, Acquires Symena Software
LONDON & VIENNA --(Business Wire)--
AIRCOM (News - Alert) International, a portfolio company of H.I.G. Europe, the European
arm of global private equity investment firm H.I.G. Capital, announces
the acquisition of Symena Software and Consulting GmbH ("Symena").
AIRCOM is the world's largest independent provider of network planning
management and optimisation tools and services to the mobile telecoms
industry; its products are in use across more than 135 countries by over
half the world's mobile operators.
Symena develops market-leading software that helps to automate mobile
networks. The company was founded in 2002 as a spin-off from Vienna
University. It has enjoyed significant market traction with leading
international operators, network equipment providers, systems
integrators and drive test tool vendors including Alcatel-Lucent,
Ericsson and Vodafone (News - Alert).
The acquisition will further strengthen AIRCOM's LTE/4G radio network
capability by integrating Symena's best-in-class solutions with AIRCOM's
market leading planning and performance management tools.
Under the leadership of Chief Exective Alwyn Welch, who joined the
business in 2011, AIRCOM continues to see strong growth in the market
for mobile network management tools and services. Welch said: "Our
decision to acquire Symena is a clear demonstration of our commitment to
cost effectively deliver optimal service quality across multi-technology
and multi-vendor networks. By capturing Symena's proven technology and
internationally recognised skillset, we can deliver even further value
to our respective customers while offering a powerful business case to
new operators and vendors."
Paul Canning, Managing Director, H.I.G. Europe said: "We are delighted
to support AIRCOM's acquisition of Symena. This transaction should
further cement AIRCOM's position as the leading independent optimization
software and solutions provider to the mobile telecoms industry."
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with
more than £6 billion of equity capital under management and a team of
more than 225 investment professionals. Based in Miami, and with offices
in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the
U.S., as well as international affiliate offices in London, Hamburg,
Madrid, Paris and Rio de Janeiro, H.I.G. specializes in providing
capital to small and medium-sized companies with attractive growth
potential. H.I.G. invests in management-led buyouts and
recapitalizations of profitable and well managed manufacturing or
service businesses. H.I.G. also has extensive experience with financial
restructurings and operational turnarounds. Since its founding in 1993,
H.I.G. invested in and managed more than 200 companies worldwide. The
firm's current portfolio includes more than 50 companies with combined
revenues in excess of £5 billion. For more information, please refer to
the H.I.G. website at www.higcapital.com.
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