Experts from Bevan Brittan’s corporate team has helped a North Yorkshire-based software firm seal the sale of the business to a US telecoms platform provider.
Mobile network technology firm SiRRAN, whose UK operations are based in Easingwold, near York, has been acquired by leading US telecom software infrastructure and data services business NetNumber Inc.
The transaction also involves the sale of SiRRAN assets in Ireland, along with those of an associated company in Liechtenstein, TD Mobile, and comes just 11 years after the business was founded in North Yorkshire and Ireland by cellular networking experts Dean Parsons and Alan Lait.
A team from Bevan Brittan led by corporate partner Christian Hunt advised SiRRAN on the deal, which will see its mobile core network products further strengthen NetNumber’s portfolio offerings and will open new markets for NetNumber.
Corporate senior associate Andrew Spicer and associate Ben Harris also advised on the transaction between SiRRAN and Massachusetts-based NetNumber.
Christian said: “This is an important deal for SiRRAN which shows the continued attractiveness of UK technology companies for investment or acquisitions. It also shows our ability to advise clients on international transactions, wherever they are in the UK.
SiRRAN has been at the forefront of telecom software development for many years, and it’s acquisition by NetNumber will accelerate delivery of new network services and solutions to customers.”
The deal is the latest success for the Bevan Brittan corporate team, which represents a broad range of private and public sector organisations, from owner-managed businesses to multi-national corporations, and from housing associations to local authorities and the NHS. It also acts as part of larger cross-disciplinary teams on both national and cross-border transactions.