ECN acquires MIR3
- Published: Wednesday, 03 August 2016 07:29
Emergency Communications Network (ECN) has acquired MIR3. The combination of ECN's critical communications platform and MIR3's growing enterprise platform brings together two highly complementary companies. Financial terms of the transaction were not disclosed.
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.
"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 MIR3 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.