The board of COS Systems Group, owned by Swedish private equity-fund Pivot, has appointed Mikael Philipsson as the new CEO. Mikael succeeds Peter Lidström who has for the past six years as CEO successfully implemented a comprehensive strategy that has resulted in a solid improvement of both operating profit and cash flow. Peter Lidström will continue as COO/CFO. Mikael Philipson will assume his position on February 15th.
“Peter Lidström has led COS Systems’ successful development over the past six years. Now, with a further emphasis on growth and international expansion, COS Systems strengthens the team capacity with the vast business- and technology leadership experience of Mikael, while Peter continues in the role as COO/CFO, ensuring the solid base of a well-run operation. Mikael Philipsson is one of the industry’s most qualified individuals and he has previously held the role as CEO of IP-Only. Mikael is an obvious choice to head COS Systems Group,” comments Stefan Georgi, Chairman of the Board at COS Systems Group since the acquisition by Swedish private equity firm Pivot.
He adds further: “The Board would also like to take this opportunity to thank Peter Lidström for his significant contribution to the company’s success so far”.
Incoming CEO Mikael Philipsson has extensive experience from large scale FTTH rollout of open access in IP-Only as well as from a global SaaS/service provider in Open Systems. At IP-Only, Mikael held the position as CEO, CTO as well as Sales and Marketing Director and most recently Mikael Philipsson was Chief Experience Officer (CXO) at Open Systems with a global responsibility for customer operations.
“I am very much looking forward to taking on the role as CEO of COS Systems Group. Together with the team, my priority will be to continue to spearhead the automation of fiber networks to further fuel and meet the demand of FiberToThe Home (FTTH) globally. Out of the box we enable our customers to dramatically improve the business case for FTTH projects as well as create a unique customer experience with an open access model.” comments Mikael Philipsson, newly appointed CEO of COS Systems Group.
He adds: “With over 10 years of history in the market we are now poised to become the leading global provider of business automation software for the fiber infrastructure industry. Our outmost objective, not least in times like these, is to support infrastructure stability and democratization of broadband on a global scale”.
About COS Systems
COS SYSTEMS is a leading provider of software to plan, deploy and operate modern broadband networks that support services from one or more providers, using a powerful yet simple self-service interface. Specializing in True Open Access Networks, COS Systems takes customer needs and delivers innovative software solutions that streamline operations, accelerate revenue, and deliver more satisfied subscribers. Learn more about COS Systems at www.cossystems.com
Pivot is a Swedish private equity-fund, investing in- and developing qualitative, high-potential companies in the Nordics, with a focus on development and growth initiatives. For more information, visit www.pivot.se.
For additional information contact:
Chairman of the Board
+46 70-966 69 90
+46 70-843 10 43