Skyvera spots gems in clearance sale
Telecoms transformation specialist TelcoDR has acquired an unwanted suite of telecom software tools from Indian vendor Sterlite Technologies Ltd (STL) through its acquisition arm Skyvera. STL’s business support systems (BSS), merchandising and analysis systems are used by 60 customers across the globe from Vodafone Idea in India, du in the United Arab Emirates, and YTL Communications in Malaysia.
STL had recently announced it would stop developing wireless and open-source software and concentrate on optical networking. The newly acquired software tool set arms the TelcoDR group with an extra range of problem solving options, in its billion dollar mission to create a behemoth that can turn clunky telecoms hardware into a cloud of coded telecoms functions that can run on any computer. The eponymously named TelcoDR group, founded by Danielle Royston, also includes a cloud-based BSS startup Totogi, for which Royston is acting CEO.
Skyvera CEO Jeff Moyer said the product suite and customer base is a great fit. “Its long-term customer relationships and software products will complement our telco software ecosystem,” said Moyer, “we look forward to welcoming STL’s customers to the Skyvera family and serving them as they transition towards the public cloud.”
Royston’s mission is to create a telecom software systems business that is run entirely on the cloud and TelcoDR is backed by an anonymously funded Telco Transformation Fund of $1bn. Like a canny football manager, Royston has a talent for spotting under-valued telecom software assets and assembling these wasted talents into a powerful team and transfiguring the software core of telecoms organisations. This, Royston argues, will be the critical differentiator for telcos, creating infinitely more impact than the slow hardware race of laying optical fibre, interconnecting infrastructure limbs and appointing network construction services.
“As we accelerate our focused growth in this decade of network creation, our efforts and capital allocation will be fully aligned towards boosting growth in Optical and Global Services businesses,” said STL managing director Ankit Agarwal, “we will continue to rebalance our portfolio to enhance profitability, increase shareholder value, and drive toward our purpose of transforming billions of lives by connecting the world. We are proud of the value that we have created and wish TelcoDR and Skyvera the best for the future.”