White Paper Beyond Bundling

WiFi Extension and Alternative to Cellular Networks

Francisco Partners Completes $200M Investment in Ericsson’s iconectiv

Clock 5d ago
(0 votes)
Francisco Partners Completes $200M Investment in Ericsson’s iconectiv Image Credit: Ericsson

Francisco Partners, a leading technology investment firm, has completed its investment in iconectiv, an independent subsidiary owned by Ericsson.

As part of the investment, Francisco Partners invests USD 200 million to acquire a 16.7% ownership in iconectiv. The partnership between Ericsson and Francisco Partners will enable iconectiv to accelerate growth and deliver shareholder value.

Headquartered in the United States, iconectiv develops market-leading solutions that enable operators to interconnect networks. The company's solutions are used by more than 1,200 service providers, regulators, enterprises, and content providers worldwide. iconectiv is also the global leader in providing numbering solutions and most recently was designated by the FCC in the US to serve as the Local Number Portability Administrator in the U.S.

Francisco Partners is a leading global private equity firm, which specializes in investments in technology businesses. Since its launch over 17 years ago, Francisco Partners has raised over USD 10 billion in capital and invested in over 200 technology companies, making it one of the most active and longstanding investors in the technology industry.

The firm invests in opportunities where its deep knowledge and operational expertise can help companies realize their full potential.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

Ray can be reached at ray.sharma(at)thefastmode.com.

 

PREVIOUS POST

Lumina Networks Enters SDN Market with Brocade's SDN Controller

NEXT POST

Network Monitoring Vendor Auvik Networks Raises $15 Million

COMMENTS

NFV Playbook

Join the Banter

Like us on Facebook

Follow us on Twitter