Summit Partners is to sell Actix Ltd, an independent software provider in mobile optimisation, to Amdocs for approximately USD120m in cash, subject to customary closing conditions.
Bill McHale, chief executive of Actix, says: “Summit Partners’ expertise in the mobile telecommunications and software sectors enabled Actix to develop the ActixOne platform. The optimization space has been undergoing significant changes, and Summit helped the Actix management team become a significant vendor in this dynamic, growing market. These factors allowed Actix to realise its potential and become part of the much larger Amdocs family.”
“It has been a pleasure to work with Actix and its exceptional management team,” says Scott Collins, managing director of Summit Partners, who served as chairman of the Actix board of directors. “Our work with Actix exemplifies what Summit does best—partner with outstanding management teams to help them extend their leadership positions.”
Founded in 1991, Actix is the largest independent software provider in mobile optimisation. Since Summit’s investment, Actix has been recognised for its multi-vendor and multi-technology optimisation platform, ActixOne. In 2012 and 2013, Actix was awarded the LTE Award for its Customer Experience Analytics solution. The company was also selected as a finalist in the Best Company of the Year (Private) category at Light Reading’s Leading Lights Awards 2012.
Summit Partners was advised on the transaction by Raymond James & Associates and by Ropes & Gray.
