COS Systems Acquired by Pivot Partners

  • COS Systems

NEW YORK, NY – COS Systems, the provider of the software platform COS Business Engine for operators of open access networks, and demand aggregation platform COS Service Zones, has been acquired by Pivot. The Sweden-based private equity firm steps in as new owner as the broadband industry is at a pivotal point in time, where communities are starting to invest in fiber infrastructure at an exponential pace.

Having a strong foundation in the mature Swedish open access market and a global customer base, COS Systems is currently expanding rapidly in North America. With the ongoing Covid-19 pandemic still spreading across our world - changing the way we live, work, and learn, one thing has become clear to community leaders; Without access to high speed internet your community is vulnerable.

“The digital divide has been a known problem for a long time, but it took a crisis to put it on top of the agenda," said Isak Finer, CMO and VP North America at COS Systems. "Outside of the largest cities, residents and businesses are struggling to go on with their day-to-day lives, with outdated or non-existent infrastructure to connect to the internet. Now, community leaders are stepping up and taking their digital future in their own hands by investing, or finding partnerships to build high-speed fiber infrastructure.”

Open Access Infrastructure

This critical infrastructure has been proven to be as important to communities as roads, water and electricity and should therefore be treated as such. The open access business model, supported by COS Systems since the company’s inception, is ideal for these infrastructure projects.

“With one entity owning the infrastructure and multiple service providers selling services on it, the subscriber can choose what suits their needs best, while competition between providers will drive the quality up, and price down. It is also a future-proof model since providers of not only internet, but any type of services such as tele-health, and smart services are free to use the infrastructure. Even small rural communities can become ‘smart’ as the capital-intensive network deployment, the largest entry hurdle for providers, has been removed," explains Bjorn Wannman, Sales Manager at COS Systems.

 

 

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