Mirus Capital Advisors represents Stratus Technologies on Acquisition of Emergent Network Solutions
Mirus Capital Advisors, a middle-market investment bank, served as the exclusive financial advisor to Maynard-based Stratus Technologies, Inc., in its acquisition of Emergent Network Solutions of Allen, TX. The acquisition augments Stratus’s telecommunication software, services and solutions for emerging network technologies, enabling service providers and carriers to launch new subscriber services and capture new revenue sources as the industry migrates to the Internet protocol Multimedia Subsystem (IMS) infrastructure.
Emergent’s products and solutions for voice over the Internet (VoIP) and IMS build out Stratus’ strategic business initiative and current solutions for Fixed Mobile Convergence (FMC) and Service Mediation, which enable disparate network technologies to operate together seamlessly. “The VoIP and IMS solutions market is conservatively estimated to be $2.0 billion and is growing rapidly,” said David Hoffer, the Mirus partner who managed the transaction. “This acquisition brings together two companies whose business strategies blend very well. Stratus is now exceptionally well positioned to take advantage of this rapidly growing opportunity in the converged network solutions market.”
“Our assignment for Mirus was to find a needle in a haystack,” said David Laurello, president and CEO of Stratus. “In a crowded marketplace, we asked Mirus to identify the company that would best enable us to further our vision of providing value-added services to telecommunications carriers in the age of convergence. Mirus identified and evaluated literally hundreds of candidates for us. We were extremely impressed by their perseverance and the high quality of their detailed advice on how to structure the deal.”
Founded in 2001 in the Dallas area, Emergent Network Solutions has approximately 25 employees and contractors. The company has built a global customer base of approximately 130 installations at 90 small-to-medium-sized wire-line carriers through both direct and indirect sales channels. It has approximately 20 resellers in the Americas, Europe and Asia/Pacific region.
About Stratus Technologies
Stratus Technologies is a global solutions provider focused exclusively on helping its customers achieve and sustain the availability of converged telecommunications network solutions and enterprise information systems that support critical business processes. Based upon its 25 years of expertise in server and services technology for continuous availability, Stratus is a trusted solutions provider to customers in telecommunications, manufacturing, life sciences, financial services, public safety, transportation & logistics, and other industries. For more information, visit www.stratus.com.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in the areas of software, online media, business services and niche manufacturing. Founded in 1987, Mirus provides corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. Additional information about the firm is available at www.merger.com.
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