ROCHESTER, NY - APRIL 20, 2021 Calero, an established pioneer in the high-growth Technology Expense Management (TEM) software space, announced today that it has acquired MetaPort, the leading telecom network mapping software company.
MetaPort’s founder and CEO, Andres Aguire, will join the Calero team as
part of the transaction. Calero prospects and customers will soon be
able to turn network hardware and services data into powerful additional
insights that will allow them to leverage new technologies like SD-WAN or
reduce cost by identifying redundant or unused circuits.
“The MetaPort technology addresses a pain point we continue to hear from
enterprises," explains Scott Gilbert, CEO of Calero. "As a result of this
acquisition, our technology solution will now deliver CIO and CTO organizations
a unique inventory visualization that provides a new level of visibility into their telecom estates. Mapping important cost and network details into a single pane of glass in near real time as networks evolve represents a true differentiator in our spaces. We are looking forward to working with Andres and his team to integrate this network
mapping technology and deliver it to our global customers."
For enterprise organizations, managing a sophisticated network spanning multiple global carriers can be as difficult as ensuring that they are only paying for what they need. MetaPort is a powerful tool that can be setup in minutes and presents network locations, voice and data circuits, and true carrier spend information in real-time through direct carrier integrations. The software is recognized by Gartner as a Cool Vendor in Enterprise Networking for its ability to provide innovative networking analytics and automation tools that will help Infrastructure and Operations leaders improve the agility of the enterprise networks critical to digital business.
"I could not be more excited to work with Calero as we make inventory accuracy more easily attainable," said Andres Aguire. "Like Scott and the rest of the Calero team, our sole focus is delivering software and service that solve the complex challenges facing enterprises today.”
“We have known Andres for many years and are excited to have him join the Calero team", said Steve Kaplan, Chairman of Calero and a General Partner at Riverside Partners. “MetaPort technology, coupled with the powerful Calero application, will change the way our customers manage their inventory lifecycle,” said Adam Hahn, Calero Board Member and principal at Oak Hill Capital Partners. “MetaPort complements our portfolio of innovative products and will further cement our place as the innovative leader in the technology expense management software space."
About Calero
Calero is a leading provider of Technology Expense Management solutions designed to provide clarity, control, compliance, and cost savings. With a deep commitment to innovation and customer service, Calero partners with enterprises to provide a unified expense management service that supports Telecom Expense Management, Managed Mobility Services, and SaaS Subscription Management. Calero has thousands of customers worldwide, including corporations, universities, financial institutions, and government agencies. Learn more at https://www.caleromdsl.com
About Oak Hill Capital
Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Over the past 35 years, Oak Hill Capital and its predecessors have invested in approximately 100 private equity transactions across broad segments of the U.S. and global economies. Oak Hill
Capital applies an industry-focused, theme-based approach to investing in the following sectors: Services, Industrials, Media & Communications, and Consumer. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit: http://www.oakhill.com/
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. For more information, visit http://www.riversidepartners.com.