“The acquisition of Utel Systems fits perfectly with our growth strategy to transform data-driven companies to international Software-as-a-Service champions. Utel Systems is a leading provider of services for network monitoring and analysis, with strong domain expertise, and a solid platform for product expansion and international scalability,” says Espen Zachariassen, Chief Executive Officer of Alytic.
Alytic has entered into an agreement to acquire 97.5 per cent of Utel Systems. Utel Systems is a provider of services for telecom network monitoring and analysis, in addition to protocol analysis and simulation services. Utel Systems serves telecom carriers, fixed and mobile network operators, service providers, wholesale suppliers, intelligence services, police security services, the military and authorities.
Clients include Norwegian telecom giant Telenor, British Telecom and Japanese KDDI, Softbank Mobile and NTT DoCoMo.
“Utel Systems is a well-run company with dedicated professionals, who have built a leading position over two decades. The company is well positioned to accelerate the international expansion strategy leveraging on the leading product offering and tier-1 customer base. Alytic and Arendals Fossekompani have a proven track-record of developing data-driven companies through a Software-as-a-Service business model that facilitates fast global growth. This is what we did with Volue. Utel Systems represent another high-potential company that fits perfectly to our portfolio”, Zachariassen adds.
Alytic initiated its growth strategy by acquiring Kontali, a leading knowledge-based consultancy and data provider for the Norwegian fish farming industry, in October 2020. The target is to acquire three to four companies per year going forward.
“We are excited to be part of the Arendals Fossekompani family, and supported by Alytic, Utel Systems will accelerate our growth strategy to leverage on our strong domain expertise, product platform and position within the telecom network industry. We have identified a number of international expansion opportunities and look forward to the next phase of the Utel Systems journey,” says Frode Gorseth, CEO of Utel Systems.