Exciting news in the mass notification industry - ECN acquires MIR3
· Establishes ECN as a premier enterprise and SMB critical communications company
· Capitalizes on the large, growing enterprise and SMB markets as a complement to ECN's strong existing position in the state and local government market
ORMOND BEACH, FL – August 1, 2016 – Emergency Communications Network (ECN) has acquired MIR3, a global Software as a Service (SaaS) provider of intelligent communications to business and government clients. The combination of ECN's critical communications platform and MIR3's growing enterprise platform brings together two highly complementary companies, creating an organization uniquely qualified to meet the fast growing demand for software communications solutions. Financial terms of the transaction were not disclosed.
MIR3 provides its clients with advanced, reliable, and flexible software solutions that facilitate multi-channel communication and collaboration at scale, with use cases designed to address the growing complexity of the messaging landscape and ever increasing challenges faced by enterprises today. Clients depend on MIR3's software for daily business operations, including crisis management, IT service management, corporate communications, customer relations, supply chain management, and event management. MIR3's clients include leading organizations in the government, financial services, technology, healthcare, energy, and consumer product segments.
"The acquisition of MIR3 accelerates ECN's vision to be a leader in the unified critical communications space serving a broad range of clients and applications. This transaction creates an opportunity for ECN to greatly scale our footprint in the adjacent enterprise market, as well as introduce ECN's Cloud Platform as a Service (CPaaS) offering, which can enable enterprises to enrich software applications with multi-channel and real-time communication functions. We are excited to welcome MIR3's clients and partners to the ECN family, and we look forward to continuing to enhance the MIR3 products." said David DiGiacomo, President and CEO of ECN.
As a result of this transaction, Amir Moussavian is stepping down from his positions as CEO and Chairman in order to pursue new opportunities. "I am thrilled to have played a role in the success of MIR3, and could not be more proud of my colleagues, as their hard work has allowed us to maintain the position as a leader in the industry. With the additional resources of ECN, MIR3 will continue to provide the exceptional level of service its Intelligent Notification and TelAlert clients have grown to expect," said Mr. Moussavian.
Ann Pickren, President of MIR3 said, "Joining forces with ECN establishes an industry leader in the unified critical communications market, paving the way for continued innovation and development to address critical business needs. We are excited for this opportunity and will continue to provide our clients with unparalleled service."
ECN is a portfolio company of Veritas Capital, a private equity firm active in the communications space. Veritas Capital is committed to supporting ECN in building a fast growing, global leader in intelligent communications and CPaaS markets.
ECN is a leading national provider in the SaaS-based unified critical communications market. ECN has pioneered high-speed notification services capable of reaching millions of people in minutes through its CodeRED™ solution for government clients and has applied its mission critical capabilities to commercial, healthcare and other end markets. The company's cloud-based software communications platform provides seamless and easy-to-deploy solutions for the exchange of critical information among organizations, their people, devices and external entities with use cases designed to save lives, enhance revenue and reduce costs. In addition, ECN will empower clients to embed solutions directly into existing software applications to offer a richer suite of communications. ECN is based in Ormond Beach, FL with additional offices in Minneapolis, MN. More information can be found on the company's website at www.ecnetwork.com.
MIR3 provides intelligent notification and response software for business operations. It offers Intelligent Notification, a critical notification solution for business continuity and disaster recovery, as well as for various business operations, such as information technology alerting, business continuity, or emergency notification. In addition, it offers TelAlert, a two-way notification system that helps users to simplify the administration of their network management, help desk, and financial processing systems by automatically launching alerts to personnel. The company deploys its solution in SaaS, on-premise, and hybrid formats. MIR3 is based in San Diego, CA with additional offices in London, UK, and Dubai, UAE. More information can be found on the company's website at www.mir3.com.
About Veritas Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology or technology-enabled solutions, to government and commercial clients worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. Veritas Capital seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. For more information on Veritas Capital and its current and past investments, visit www.veritascapital.com.