Actix Linked to Sale
Industry scuttlebutt suggests the vendor has been sold to "a private equity business." One source says the deal is worth "several millions."
Actix is keeping its lips sealed for now but certainly isn’t denying such a notion. “Nothing has been announced,” says the company’s marketing manager, Sarah Britten.
Founded in 1991, the privately held company has built up an impressive list of customer names for its network optimization software, including the likes of Orange SA (London/Paris: OGE), T-Mobile International AG, Verizon Wireless, and Vodafone Group plc (NYSE: VOD).
Company literature boasts that “8 of the world’s top 10 operators use Actix,” with its services “deployed by 90% of 3G operators.” (See Vodafone Ireland Deploys Actix, Actix Assists Euro 3G, and H3 Austria Deploys Actix.)
In its financial year 2003 (ended January 31, 2004), Actix reported a 35 percent increase in pre-tax profits to £2.15 million (US$4.13 million) from £1.6 million ($3.08 million) in FY 2002, while FY 2003 sales grew 25 percent to £15.3 million ($29.4 million) from £12.2 million ($23.5 million) in FY 2002. At the year-end, cash balances stood at £2.8 million ($5.38 million).
Actix is headquartered in London and has a headcount of “just over 200” throughout offices in China, Hong Kong, Japan, and the U.S.
— Justin Springham, Senior Editor, Europe, Unstrung