
Oxford Capital exits Arieso to JDSU
Oxford Capital Partners has sold UK-based mobile network optimisation specialist Arieso to Nasdaq-listed JDSU in a $85m deal.
Oxford Capital's exit of Arieso to the American communications network developer has awarded investors with a 4.7x return on their original investment. Arieso formed part of Oxford Capital's Gateway EIS portfolio.
Previous funding
Oxford Capital led a £5m series-B growth capital round for Arieso in 2008, followed by a further £1.45m round led by Carbon Trust Investments in April 2010. The growth capital enabled Arieso to scale up and roll out its technology globally. Carbon Trust invested based on the energy saving potential of Arieso's technology. DFJ Esprit and Qualcomm Ventures were also invested in the business.
Company
Arieso is a mobile network optimisation business founded in 2000 and is headquartered in Newbury. The company now operates on five continents. Clients include mobile operator groups such as América Móvil, AT&T, MTN, Telefónica and Vodafone.
Arieso's technology monitors and geo-locates calls made on a wireless network. It is designed to help operators address network data capacity issues, improve their service and reduce power consumption.
People
David Mott is an investment director at Oxford Capital.
Advisers
Vendor – Hogan Lovells International (Legal); Arma Partners (Corporate finance).
Acquirer – DLA Piper (Legal).
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