BOSTON, MA — Riverside Partners, a Boston-based private equity firm, announced today that its portfolio company, Calero Software, LLC (”Calero” or the “Company”), a leading provider of Communications Lifecycle Management (CLM) software and managed services including Telecom Expense Management (TEM), Managed Mobility Services (MMS) and Usage Management, has acquired substantially all of the assets of Comview Corporation, a specialty Telecom Expense Management, Call Accounting and Usage Management software and service provider. The acquisition was completed on December 29, 2017. Financial terms were not disclosed.
“Acquiring Comview is very exciting news for Calero,” commented Chris Jurasek, President & CEO of Calero Software. “Comview’s impressive customer base, its commitment to high-quality customer service, and its talented team are a natural complement to Calero’s software and services capabilities. We look forward to welcoming Comview’s customers to Calero and to continuing to provide them with the highest levels of service, as well as offering them an expanded set of solutions, including our industry leading business intelligence platform – Calero Insight Analytics, to serve their telecom, IT, cloud and mobile asset management needs.”
John Perri, Founder and CEO of Comview added, “After a careful search, I concluded Calero was the only firm I trusted to take appropriate care of our customers and employees. I am confident that Calero shares our ‘customer for life’ philosophy and will provide our customers with the same high-quality customer service and support that they have come to expect.”
After a careful search, I concluded Calero was the only firm I trusted to take appropriate care of our customers and employees. John Perri Founder and CEO, Comview
Steven F. Kaplan, a General Partner at Riverside Partners and Chairman of the Board of Calero added, “We invested in Calero, alongside the management team, less than four months ago to support the Company’s continued growth as the leading provider in the market. In addition to supporting Calero’s tremendous organic growth potential, we are committed to making smart, strategic acquisitions to help accelerate Calero’s growth and to greatly enhance the breadth and depth of services Calero offers its customers around the world. Comview is a very complementary business with a tremendous alignment of values, particularly as it relates to providing the highest quality customer service in the market.”
“As a result of this acquisition, Calero continues to further differentiate itself in the market with its technology leadership and customer service excellence,” said Michelle C. Noon, a General Partner at Riverside Partners. “We look forward to continuing to support Chris Jurasek and his management team as they continue to build upon Calero’s market leading platform.”
Calero’s software and managed service solutions deliver sustainable value within large enterprises, universities, and government agencies by enabling clients to more efficiently and more effectively manage the myriad of cloud and communications services, devices, contracts, invoices and spending across their operations. Today, Calero manages more than $6 billion of annual telecom, mobility and cloud spend for over 3,000 customers operating in more than 40 countries globally. Calero also provides managed mobility services for more than 400,000 mobile devices.
About Calero Software, LLC
Calero is a leading provider of Communications Lifecycle Management (CLM) solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile, and other unified communications services and assets. With a deep commitment to innovation and customer service, Calero’s CLM approach enables organizations to support the full communications lifecycle, from procurement to payment, including software and services that aid Telecom Expense Management (TEM), Managed Mobility Services (MMS) and Usage Management. Calero has thousands of customers in over 40 countries worldwide, including Fortune 2000 corporations, universities, and government agencies. Calero is a portfolio company of Riverside Partners, a Boston-based private equity firm. Learn more at www.calero.com
About Comview Corporation
Comview provides fully integrated Telecom Expense Management (TEM), Mobility Management and Call Accounting solutions backed by a managed service/BPO approach and “customer for life” philosophy that provides customers with the highest level of service and support. Comview enables organizations to easily manage everything from a single intuitive interface, including Invoice Management, Wireless Management (with BYOD and MDM integration), Audit & Optimization, Call Accounting, IT Asset Management, Procurement and more.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners, and management teams and brings substantial domain expertise and operating experience to its portfolio companies. For more information, visit www.riversidepartners.com.
Riverside Partners Contact:
Steven F. Kaplan
General Partner
Riverside Partners LLC
skaplan@riversidepartners.com
617-351-2820