AUSTIN, TX--(Marketwire - Sep 15, 2011) - Silverback Enterprise Group, which acquires, optimizes and builds industry-leading enterprise software companies, announced today the acquisition of Visionael Corporation, the provider of the first enterprise class "plug and play" network management software suite. Visionael's software enables telecommunications service providers, network outsourcers, enterprises and government organizations to visualize, optimize, and automate their networks with unprecedented speed and efficiency, accelerating time-to-revenue and productivity. Visionael clients include Alpheus Communications, Bank of America, Bell Mobility, CenturyLink, DISA, Kaiser Permanente, Qwest, HP, Mobily, Savings Bank of Russia, SingTel, Verizon, Telkomsel, and Telekom Malaysia.
Headquartered in Mountain View, California, Visionael will continue to operate as a stand-alone business with a dedicated customer service and product team.
"Teaming up with Silverback provides an outstanding path forward for Visionael and our customers," said Craig Nichols, Visionael's CEO. "Since our founding in 1997, we have established ourselves as the leader in helping organizations to manage their networks more productively. With Silverback's global operating platform and singular focus on long-term customer success, Visionael will be a stronger company and better positioned to build upon our pioneering work."
"We are delighted to welcome Visionael to the Silverback family," said Jack McDonald, chairman and CEO of Silverback. "Craig and his team have done a terrific job of building an industry-leading network management software company and we look forward to taking Visionael to the next level."
Redwood Capital Group served as financial advisor to Visionael in connection with the transaction. Terms of the transaction were not disclosed.
About Visionael Corporation
Visionael® Corporation provides the first enterprise class "plug and play" network management software suite that enables telecommunications service providers, network outsourcers, enterprises and government organizations to visualize, optimize and automate mission critical networks and next-generation services with unprecedented speed and efficiency. The company partners with industry-leaders such as Verizon, Aricent, Lockheed Martin, Bynet, Dimension Data, GSP, HP/EDS, Logica, Inline Group, Credent and Intergraph to deliver value to customers. Visionael's extensive worldwide customer base includes Alpheus Communications, Bank of America, Bell Mobility, CenturyLink, DISA, Kaiser Permanente, Qwest, HP, Mobily, Savings Bank of Russia, SingTel, Verizon, Telkomsel, and Telekom Malaysia. Founded in 1997, Visionael is headquartered in Mountain View, California. Visit www.visionael.com for more information.
About Silverback Enterprise Group
Silverback Enterprise Group (formerly known as Silverback Acquisitions) acquires, optimizes and builds industry-leading software companies that provide mission-critical software products to enterprise customers. Silverback works with outstanding entrepreneurs and management teams to ensure the singular focus at every Silverback company is long-term customer success. Founded in 2010 and backed by Austin Ventures, a $3.9 billion venture capital and growth equity firm, Silverback's leadership team has a proven track record, having completed 21 successful enterprise technology acquisitions in the past 10 years. Silverback is fully funded and actively pursuing acquisition opportunities. Visit www.silverbackEG.com for more information.
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