Lifecycle Software Ltd acquired by Volaris as Group expands position in Communications & Media vertical.
Newbury technology specialist Lifecycle Software Ltd is pleased to announce that it was acquired by the Volaris Group on 6th January 2020, as an exciting addition to their Comms & Media group.
Having set up Lifecycle 25 years ago, Managing Director Kim Craven has been exploring how to continue the phenomenal growth achieved in the past 3 years, concluding that external investment would secure the best future for the company, its customers and its employees.
“We had been talking with Volaris regularly for quite some time and became convinced they would be the best home for Lifecycle for a number of reasons, mainly: the access to their global communications customer and partner ecosystem; being able to operate autonomously; and, the organisation’s strong knowhow, best practices and financial resource to enable us to grow sustainably and entertain future M&A of our own.” He said. “We also liked their practice of ‘buy and hold forever’ as well as their dedication to allow us to maintain our corporate identity and accelerate the brand we have worked so hard to build over the past 2 decades in the market.”
“We are excited to bring a market-leading billing business into our Portfolio, in order to complement our existing companies and provide further mission-critical software capabilities to our ecosystem,” said David Nyland, Portfolio Leader and President, Media & Communications vertical at Volaris.
Lifecycle will continue to be managed by the existing management team and will remain a standalone company so there are no changes to the brand or the way Lifecycle provide services to their clients.
About Lifecycle Software Ltd
Lifecycle Software Ltd is a provider of mission critical billing, customer management and business intelligence software solutions to mobile operators, mobile virtual network operators, and mobile virtual network enablers and aggregators.
Lifecyle create, build and support innovative, flexible, real-time billing and BSS solutions that automate back-office operations and empower successful businesses to grow faster, disrupt markets and be future-ready.
For nearly 25 years, Lifecycle have been trusted by both established brands and start-ups to deliver adaptable and scalable applications that support business growth.
Learn more at www.lifecycle-software.com