Calero-MDSL, an enabler in the high-growth Technology Expense Management (TEM) software space, has acquired Network Control, a boutique Telecom Expense Management company providing high-touch telecom expense management and managed mobility software and services to customers for the past 22 years.
Calero-MDSL is a portfolio company of Riverside Partners and Oak Hill Capital Partners. Financial terms were not disclosed.
As part of the transaction, Mark Hearn, owner and CEO of Network Control, will join the Calero-MDSL team as Vice President and General Manager of its Network Control Business Unit. In this role, Hearn will be responsible for ensuring that his customers continue to receive the high-quality services and attention to which they have become accustomed. The Network Control team and operations will continue to be headquartered in Waverly, Iowa.
“We are very excited to be acquiring Network Control and look forward to Mark and the Network Control employees joining the Calero-MDSL team,” said Scott Gilbert, CEO of Calero-MDSL. “Combined with the investments in our technology and platform, this acquisition provides Calero-MDSL with the perfect springboard from which to accelerate our growth in the middle-market, one of our 2022 strategic initiatives,” continued Gilbert.
Hearn added, “As I evaluated the many options available to me, my focus was on finding a partner that would allow me to continue to provide outstanding service to my customers, take care of my wonderful employees, and accelerate the growth trajectory I have spent 11 years building. I am convinced that Calero-MDSL is the only firm capable of checking all three of these boxes and I am delighted to continue this journey with Scott and the Calero-MDSL team.”
Steven Kaplan, Chairman of the Board of Calero-MDSL and a General Partner at Riverside Partners, and Adam Hahn, a Principal at Oak Hill Capital Partners, added “We are excited to fold Network Control in to the Calero-MDSL family. Not only do the two companies share similar views on customer service and technology, but we especially appreciate the culture and values shared by the two firms’ leadership teams”.
Calero-MDSL is the Technology Expense Management provider, managing over $25 billion in spend worldwide for thousands of organizations in 102 countries. With a deep commitment to innovation and customer success, Calero-MDSL partners with organizations to provide a modernized, centralized technology expense management solution that supports Telecom Expense Management, Managed Mobility Services, and SaaS Subscription Management.
The company is committed to serving customers with innovative solutions that provide visibility, control, and optimization of their entire technology ecosystem.
