Monolith Software (“Monolith”), an active growth company in Evolution Capital Partner’s (“Evolution”) third Fund, announced its purchase of the assets of TDB Fusion™ Group and Federos™ for Unified Business Management. The assets complement Monolith’s core service assurance solution product, AssureNow™.
“The leadership team at Monolith has done a tremendous job identifying opportunities for continued growth and global expansion,” said Evolution’s Co-Founder & Managing Partner, Brendan Anderson.
“Over the last year, we have competitively positioned ourselves to address the $3.1 B market opportunity for service assurance,” said David Knight, CEO at Monolith Software.
About Monolith Software
Monolith Software provides a next generation, service assurance solution that unifies fault, performance, topology, and service level management in a single scalable platform. Built on a single codebase, our multi-tenant AssureNow™ platform uses an open and unified approach for data collection, enrichment, visualization, and reporting. Leading telecommunications, managed service providers and enterprises, including Aureon, Eir, Equinix, Hargray, MANX, Oracle, Tata Communications, and Tele2, use Monolith to unify and simplify their infrastructure management, and consolidate disparate and legacy tools onto a single platform to significantly reduce operations costs, assure delivery of new services, and enhance customer experience. For more information, visit http://www.assurenow.io.
About Evolution Capital Partners
Evolution Capital Partners is a small business private equity fund investing growth equity nationwide in Second Stage Companies generating at least $500,000 of EBITDA. Evolution specializes in helping entrepreneurial businesses transform their organizations by providing a foundation for growth through its process, the Five Fundamentals, leveraging the time and energy of the business owner. For more information, visit www.evolutioncapitalpartners.com.