NETADMIN SYSTEMS

V O L A R I S G R O U P C A S E S T U D Y

volarisgroup.com5800 Explorer Drive, 5th Floor, Mississauga, ON Canada L4W 5K9 | Tel: (905) 267 5400 | Fax: (905) 238 8408 2

Founded in 2004, NETadmin Systems provides Operational

Support Systems (OSS) to Communication Service Providers

(CSP’s) launching fiber networks.

Since 2006, the business has been owned by multiple

Scandinavian VC’s Venture Capital investment funds and the

company expanded its customer base to more than 70 CSP’s

ranging from small regional municipal fiber to the home

(FTTH) operators to much larger FTTH business units of major

Tier 1 convergent CSP’s. Due to advantageous regulatory

environments and open access network policy, the company

focused their efforts on several strong FTTH markets in

Northern Europe where they now have high market share

including Sweden, Norway, Switzerland, and the Netherlands.

Background

volarisgroup.com5800 Explorer Drive, 5th Floor, Mississauga, ON Canada L4W 5K9 | Tel: (905) 267 5400 | Fax: (905) 238 8408 3

After nearly 3 years of communication with Volaris Group,

NETadmin’s shareholders decided it was the right home for

the company for the following reasons:

• Volaris’ decentralized business model would allow the company

to remain intact in Linkoping and Stockholm, without interruption

to the business

• Volaris’ “buy and hold” business model would provide long-term

security for employees, customers and partners

Why Volaris Group?

• Volaris’ strong focus on best-practices, metrics, and

professional development of NETadmin’s management would

allow the company to thrive under the guidance of a strong

vertical market software business

• Volaris’ strong financial status and access to investment

capital would allow NETadmin to grow and scale organically in

coming years

• Volaris’ growing portfolio of OSS and BSS businesses

would provide NETadmin with synergistic access to expertise,

channels, and customers that would otherwise not be available

Our acquisition by Volaris gives us the ability

to grow and take advantage of a wealth of best

practices shared across its portfolio of companies.

We are very excited about our business potential

and feel secure that we can now make necessary

investments for long-term sustainability with the

financial backing of the Volaris Group.”

—Olle Hillstrom, CEO, NETadmin

“

volarisgroup.com5800 Explorer Drive, 5th Floor, Mississauga, ON Canada L4W 5K9 | Tel: (905) 267 5400 | Fax: (905) 238 8408 5

In order to ensure a smooth transition, President of Communications

& Media, David Nyland assisted in the integration of NETadmin

Systems into the Volaris Group of companies. Stephane Bourque,

head of OSS at Volaris Group, will oversee the business to ensure

strong synergies with Incognito Software and other up-and-coming

OSS acquisitions.

Over the next months, NETadmin Systems will be working with

Incognito to tap into their global distribution network in geographies

where Incognito has extensive market share. The goal of these

investments is to accelerate growth and create synergies between

Incognito and other businesses in the growing Communications &

Media Volaris portfolio.

NETadmin Systems has comfortably settled into life under Volaris

Group and its business continues to run as usual. The central

difference that customers and partners will see is systematic

growth, scalability and maturity of the business. Volaris Group will

continue taking great strides to preserve NETadmin’s reputation for

customer service and continuous innovation.

Volaris Group’s Integration Process

The acquisition of NETadmin

brings us deep domain expertise

in fiber networks and over 70 new

customers with a strong presence in

Europe. We expect strong synergies

with Incognito and plan to continue

to expand our capabilities in OSS

moving-forward. This is an exciting

time to join our Communications

vertical and benefit from a growing

base of 300+ global customers.”

—David Nyland, President, Communications & Media“