News 2010

Azini Invests in Mobixell

Azini Capital leads $10 million financing round in Mobixell Networks

Mobixell Networks, a leading provider of rich-media mobile data solutions, announced today that it has raised $10 million from major global investors, enabling the company to further pursue its ambitious growth strategy by providing mobile rich-data optimization and management solutions to mobile operators. The round was led by Azini Capital and included existing investors; Escalate Capital, Intel Capital and smac partners.

The new investment will facilitate the company's flagship product, Mobixell Seamless Access, to further support mobile operators achieve overall network efficiency, web and video consumption as well as data services monetization, while simultaneously improving end‐user experience and reducing operators' total cost of ownership (TCO). Seamless Access provides intelligent optimization techniques for media and video, including behavioral based optimization, caching, content aware transcoding, and network aware optimization (dynamic bit rate adaptation and automatic cell congestion detection).

"The funding strengthens Mobixell's financial stability assisting us in penetrating and realizing the growing markets of mobile Internet, mobile traffic management and mobile data optimization, as well as in furthering our commercial deployment worldwide" said Amir Aharoni, CEO and Founder of Mobixell. "Securing funding from our existing leading partners is a vote of confidence in the company's business, products, technology and its management".

About Mobixell Networks

Mobixell will be celebrating its 10th year of operation this year, marking "a decade of innovation" in providing mobile rich media Internet solutions to the changing needs of the market. The company has presence in multiple countries around the world including U.S., UK, China, Switzerland, Germany, Italy, Finland, Ireland, Singapore, Malaysia, Philippines, India, Japan Israel and other countries. Its customer base amounts to more than 350 mobile operators worldwide, including Verizon Wireless, Vodafone, Telefonica, Orange, Telecom Italia and China Mobile. 

Azini Capital completes sale of Streamserve

Azini Capital announces that it has completed the sale of its interest in Streamserve Inc. a leading provider of business communication solutions to Open Text Corporation (NASDAQ: OTEX, TSX: OTC) as a part of a $75 million sale of the company. Proceeds from the sale will be shared between Azini Capital and Apax Partners – from whom Azini Capital recently acquired the interest.

Azini Capital’s sale proceeds were not disclosed but commenting on the sale, Michael Bennett, Managing Partner of Azini Capital said: “We are delighted to have achieved the first sale from our recently formed Azini 2 fund and would like to congratulate and thank Peter Skinner, Chairman, Dennis Ladd, Chief Executive and the rest of the Streamserve team for their commitment and hard work”.

StreamServe offers enterprise business communication solutions that help organizations address the “last mile” of communication between themselves and their customers. With StreamServe’s software, companies can process and deliver highly personalized documents in any paper or electronic format - automatically creating documents through rules-based dynamic assembly and present them to customers, partners, and suppliers, in multiple formats and through whichever channel they prefer.

For more information, visit the Streamserve website.

Azini Capital acquires Apax portfolio

Apax sells portfolio of technology companies to Azini Capital

Azini Capital announces that it has completed the acquisition of two partnerships from Apax Partners, one of the world’s leading private equity firms. The two partnerships own interests in 16 growth and development stage technology companies spanning the UK, Israel, the USA and the Republic of Ireland.

The funding for the transaction was provided by Lexington Partners, the world’s largest independent manager of secondary private equity and co-investment funds.

The value of the sale was not disclosed but Azini 2 LLP, which has acquired the two partnerships, is a $100 million fund and includes significant reserves to allow Azini Capital to provide additional funding to support the on-going development and growth of the portfolio companies.

Commenting on the sale, Martin Halusa, Chief Executive Officer of Apax Partners said; “Apax's continued growth is driven by its disciplined focus. Today's divestment of venture technology investments represents a further step in the evolution of our strategy. We are very comfortable that we have found an excellent home for these investments with a team that is professional, experienced and committed to working with the portfolio companies and management teams going forward. We wish them all the best for the future.”

Marshall Parke, Partner and Head of the London office of Lexington Partners said; “This is an important transaction for all three organisations, demonstrating how primary fund managers (Apax Partners), secondary fund managers (Azini Capital) and secondary fund of funds managers (Lexington Partners) can work together to craft innovative solutions that benefit limited partners as well as the portfolio companies’ management and co-investors”.

Nick Habgood, Managing Partner of Azini Capital commented; “It is highly unusual to have the opportunity to acquire such good quality assets and we are grateful to both Apax Partners and Lexington Partners for their help and support in making this transaction happen. We look forward to working closely with the boards and management teams in each of the portfolio companies”.

About Apax Partners

Apax Partners is one of the world’s leading private equity investment groups. It operates across the United States, Europe and Asia and has more than 30 years of investing experience. Funds under the advice and management of Apax Partners globally total around $40 billion. These Funds provide long-term equity financing to build and strengthen world-class companies. Apax Partners Funds invest in companies across its global sectors of Tech & Telecom, Retail & Consumer, Media, Healthcare and Financial & Business Services.