Announced at the start of March, the deal saw US telecom software infrastructure and data services business NetNumber Inc takeover SiRRAN's UK operations, which are based out of Easingwold, near the city of York.
Under the terms of the deal, SiRRAN's mobile core network products will be incorporated into the NetNumber portfolio, bringing new market opportunities.
The transaction also involved the sale of SiRRAN's assets in Ireland, along with those of an associated company in Liechtenstein, TD Mobile.
A team from Bevan Brittan led by corporate partner Christian Hunt advised SiRRAN on the deal,
Hunt 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.”
SiRRAN was founded by Dean Parsons and Alan Lait 11 years ago with the launch of operations in North Yorkshire, UK, and Ireland.
