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Summit Partners to invest EUR 58.9 million in Actix Limited


March 2, 2005; LONDON and BOSTON -- — Summit Partners announced today that it has reached a definitive agreement to invest in Actix Limited, the leading provider of wireless performance engineering solutions. Under the terms of the agreement, Summit Partners will invest 40.6 million (USD$76.1 million) for a majority ownership stake in the company. Management shareholders of Actix will continue to hold a sizeable minority stake in the business.

Founded in 1991 and headquartered in London, UK, Actix is the international market-leader in wireless performance engineering software. Actix solutions address two of the biggest issues facing wireless operators today: the need to squeeze more out of their existing network investments and the race to generate significant new revenue from wireless data services. Applications include network performance troubleshooting, verification of customer-perceived service quality; competitive analysis and accelerated new-technology rollout.

“Summit Partners is excited to be partnering with the management of Actix,” said Scott Collins, managing director of Summit Partners’ London office. “Wireless technologies are growing increasingly complex. Actix is well-positioned to assist mobile operators in optimizing their networks and in profitably rolling out new data-intensive services.” Mr. Collins will join the Actix Board of Directors.

Rob Dobson, founder and CEO of Actix commented, “Summit Partners is the ideal partner to help us continue to grow and strengthen our company. Following this investment, Actix will remain independent, and will benefit from Summit’s considerable experience in helping to build technology industry leaders. This investment will help us to further our commitment to deliver world-class software solutions to our customers.”

Summit Partners’ investment in Actix is expected to be completed within a few weeks.


About Actix Limited
Actix Performance Engineering solutions enable wireless operators and manufacturers to optimize network performance, enhance service quality and gain detailed awareness of the customer experience. The company's vendor-independent solutions analyze data from all major wireless vendors and technologies, from 2G to 3G. More than 200 operators globally – including eight of the world’s top ten operators -- depend upon Actix software everyday to improve their wireless operations. Actix has offices in the United States, United Kingdom, Sweden, Hong Kong, China and Japan. For more information, visit www.actix.com.


About Summit Partners
Summit Partners is a leading private equity and venture capital firm. The firm has a capital base of more than $5.5 billion, with offices in Boston, Palo Alto and London. Formed in 1984, Summit Partners has provided growth equity, recapitalization, and leveraged buyout financing to more than 260 companies, which have completed more than 110 public offerings and 95 strategic mergers or sales. Summit Partners seeks outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of emerging growth industries. Previous Summit investments in mobile industry include Jamba! AG, Powerwave Technologies, Inc., Commnet Wireless LLC, Hittite Microwave Corporation, and Sirenza Microdevices, Inc. Summit has also backed such leading network software companies such as McAfee Inc., OPNET Technologies, Inc., and Sybari Software, Inc. For more information, visit www.summitpartners.com.
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Publisher Contact Information:

Summit Partners
+44 (0)20 7354 7307
mprather@riverrouge.co.uk

Company profile of Summit Partners
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