With Riverside’s financial backing, we will continue to deliver market leading solutions to our customers that help drive transparency and actionable insights across their complex communications environments.
Rochester, New York (PRWEB)
September 13, 2017
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, announced today that it has been acquired by Riverside Partners, a Boston-based private equity firm, and members of management. 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. Financial terms of the transaction were not disclosed.
Founded in 1989, Riverside Partners invests in growth-oriented technology and healthcare companies, and collaborates with management teams to accelerate growth, particularly through new product development and geographic expansion.
“We are extremely excited about this next stage in Calero’s evolution,” said Chris Jurasek CEO and President of Calero. “Riverside Partners’ deep software, telecom and technology experience make the firm an ideal choice to help our organization continue its growth trajectory. With Riverside’s financial backing, we will continue to deliver market leading solutions to our customers that help drive transparency and actionable insights across their complex communications environments.”
Calero’s software and managed service solutions help large enterprises realize meaningful savings by managing the myriad of telecommunications devices, contracts, invoices and spending across their operations. The Company’s proprietary technology automates the management of voice, mobile, data and unified communications devices for Fortune 2000 companies. Calero’s solutions, sold under the Calero VeraSMART and Calero PINNACLE brand names, help customers reduce complexity and waste and increase efficiency. Calero’s customers include leading financial and business service institutions, healthcare providers, higher education…