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Calero Announces the Release of UCaaS Expense Management Solution

Calero, a leader in the high-growth Technology Expense Management
(TEM) software space, announced that it is making a significant expansion to
its solution offering by launching a Unified Communications-as-a-Service
(UCaaS) Expense Management module as part of its platform. The company is
the first-to-market with a comprehensive solution for managing and optimizing
both the variable and fixed costs associated with UCaaS programs integrated
with its established wireline and mobility programs.

The impact of the global coronavirus pandemic further accelerated the trend
toward online enterprise collaboration and cloud-based communication
platforms (UCaaS). UCaaS platforms like Zoom, Teams and Webex have
become required as businesses around the world have rearchitected their
workforces to enable them to work from home. According to Gartner, by 2024,
75% of enterprise workers will no longer require a desk phone, up from 30% in
2020. With the new UCaaS expense management module from Calero,
companies will now have complete visibility of subscription spend, utilization,
analytics, and management across leading UCaaS platforms like Zoom, Teams
and Webex.

“Calero is proud to release this industry-first solution to the market, helping our customers manage their technology spend and navigate rapidly changing business environments. We continue to look at industry trends, and work in partnership with our customers to deliver what they need to be successful. As a result, we are ideally
positioned to enable this technology shift for our customers, while delivering incredible insight that allow enterprises to understand and manage their investments within a single application.” said President and CRO, Andrew Taylor.

Gartner recently recognized that enterprise communications and IT services continue to grow, driven by more video usage, cloud-based services, and the use of IoT services, as these and other services fulfill an increasingly enabling role for enterprises on their journey toward digitization. Enterprises use TEM services to optimize and manage the
cost for communications services.

Calero is the only expense management solution provider that connects UCaaS usage and spend with variable call costs to identify and quickly eliminate technology waste. TEM, Digital Workplace and Software Asset Management Teams can:

  • Discover and analyze subscription costs and usage in a single integrated solution for the entire organization
  • Automatically identify where usage or plans can be right sized, as well as audit and validation of subscription
  • Seamlessly integrate wireline and call plan expenses in a single view
  • Empower managers to reallocate underutilized subscriptions and maximize value through advanced analytics
  • Provide end users a portal to view their applications, costs, and the ability to self-manage their applications

By integrating its industry leading TEM solution with a new UCaaS offering, Calero provides enterprise clients with a simple, and easy to use platform to view, understand and manage their complex technology expenses - something that no other TEM provider offers today.

See the solution in action at https://www.caleromdsl.com/solutions-services

About Calero

Calero is a leading provider of Technology Expense Management solutions designed to provide clarity, control, compliance, and cost savings. With a deep commitment to innovation and customer service, Calero partners with enterprises to provide a unified expense management service that supports Telecom Expense Management, Managed Mobility Services, and SaaS Management. Calero has thousands of customers worldwide, including corporations, universities, financial institutions, and government agencies. Learn more at www.caleromdsl.com

About Oak Hill Capital

Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Over the past 33 years, Oak Hill Capital and its predecessors have invested in over 90 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit oakhill.com

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings
substantial domain expertise and operating experience to its portfolio companies. For more information, visit riversidepartners.com