“We are excited about the opportunity to work with Oceus Networks to deliver broadband solutions for future government networks,” said Emil Nilsson, CFO and COO of Ericsson’s North American operations. “Under Tailwind’s ownership, Oceus will be fully focused on the federal sector and the partnership brings us enhanced ability to offer the latest standards-based solutions to the U.S. federal government.”
Tailwind Capital is a private-equity firm focused on growing companies. Under the new structure, Oceus Networks will have the exclusive right to offer the full slate of Ericsson’s industry leading standards-based, off-the-shelf technology and support services to this customer base. The terms of the transaction were not disclosed.
“Tailwind has established a track record of helping portfolio companies accelerate growth, and Oceus Networks represents a compelling opportunity to acquire a leading communications-focused systems integrator that is well positioned to leverage its strategic, long-term relationship with Ericsson and capitalize on a number of powerful market dynamics and trends”, said Douglas Smith, CEO of Oceus Networks.