Netadmin at 10 Years: Growth, Stability, and Continued Support for Fibre Operators

Article Summary
Since joining Lumine in 2015, Netadmin has grown from a regional fibre network software provider into a larger, more international business. Over the past decade, the company has expanded into new markets, continued to invest in its product, and built on the foundation that made it successful. Through perspectives from leaders who were part of the business before and after the acquisition, this case study explores how long-term ownership, operational autonomy, and access to industry expertise have supported Netadmin’s growth over time.

Netadmin: Then & Now

2015
Today
Joined Lumine
→
10+ years of permanent ownership
Focused on fibre operators
→
Still focused on fibre operators, now serving multiple geographies
Nordic presence
→
15 countries served
Established customer base
→
75+ customers
Netadmin Nine
→
Third major version of Netadmin Nine

Focus, Autonomy, and a New Market

Netadmin Systems was founded in 2004 in Linköping, Sweden, to build operational support software for communications service providers launching fibre networks. Its core platform, Netadmin Nine, supports fibre operators as they build, operate, and monetize their networks, with a focus on reducing time to market, limiting downtime, and improving the subscriber experience. By the time Lumine acquired the business in 2015, Netadmin had strong product-market fit, a loyal customer base, and deep knowledge of the fibre operators it served.

Ulf Lindberg, Group Leader at Lumine Group and former CEO of Netadmin Systems

Ulf Lindberg joined Netadmin in 2010 and later became CEO. He now serves as a Group Leader at Lumine, where he works with leaders across the portfolio and draws on his experience from Netadmin’s own transition.

When he joined, the business was still pursuing a broad range of sales opportunities. Over time, that approach became more focused. “The business shifted toward serving the customers and markets where we could create the most value,” he said, “rather than spreading our attention across every new opportunity.”

As the team sharpened that focus, it drew on Lumine’s Playbook, a body of more than 600 best practices developed through years of owning and operating communications and media software businesses that faced many of the same practical questions. In practice, that meant experienced people were available to pressure-test decisions on Netadmin’s commercial and operational practices, and the decisions stayed with Netadmin. Over time, Netadmin brought greater consistency to professional services and became more deliberate in how it managed customer relationships and product priorities.

Mattias Jansson, Netadmin’s Chief Architect and a member of the team since before the acquisition, continues to lead the architectural work that shapes how the product evolves. For him, one of the most important parts of Netadmin’s decade with Lumine is that product decisions have stayed close to the market. The people who work with fibre operators every day still shape the roadmap, with Lumine providing support in the background.

“Lumine gives each business the space to make the right product decisions for its market. The teams closest to the customers continue to shape how the product evolves.”

Mattias Jansson, Chief Architect, Netadmin Systems

The UK offers a practical example of that focus. As a wave of new full-fibre providers launched across the country starting in 2018, a focused go-to-market approach and Netadmin’s expertise in fibre-to-the-home (FTTH) allowed the company to win several of these new vertically integrated broadband providers.

Open Access: A Nordic Model Meets the UK

Open access networking, where multiple service providers share the same fibre infrastructure, was already well established across the Nordics, and Netadmin’s architecture had been built for that environment. Early conversations with UK operators reflected some hesitation about opening their networks to competitors, but the economics changed that view as the country’s full-fibre rollout accelerated through the early 2020s.

Operators already running Netadmin had a competitive edge over their peers, because the platform’s flexibility let them support both a retail business model and an open access model. Ulf described open access as a model that gives operators the option to begin as the sole service provider and later invite additional providers onto the same infrastructure, increasing network utilization along the way. “What we have seen over time is that the model can do the opposite of reducing revenue,” he said.

Leadership Development

Room to grow, inside the business and across the group

Ten years with Lumine has opened up more space for Netadmin people to build their careers, first within the business and, when the right opportunity arises, across the broader group. As part of an ecosystem built around communications and media, leaders develop in three ways, each shaped by the industry they work in.

1

Industry-specific learning

Throughout the year, senior leaders attend learning events focused on building the business, from developing functional expertise to networking with like-minded leaders in communications and media.

2

Soft skills and leadership

Dedicated learning events focus on developing soft skills, so leaders grow in how they lead as well as in what they know about the business.

3

Mentorship

An opportunity to connect with leaders in the communications and media space who have been through it before.

One industry, one community. All three draw on an ecosystem of leaders and experts focused on communications and media, which keeps the learning and expertise specific to the work Netadmin does.

Conversation in the lobby at the Luminex conference

“You can pick up the phone and talk to someone who has been through a similar situation.”

Ulf Lindberg, Group Leader, Lumine Group; Former CEO, Netadmin Systems

Ulf describes that access as practical. The question might be about sales, product, people, or how to think through a customer issue, and he says it helps leaders build confidence “because they are learning from people who have done the work.” That access helps the business move quickly when a question comes up.

The same approach shapes Ulf’s work as a Group Leader. He serves as a practical resource for CEOs who continue to lead their own teams and make decisions for their markets, often by connecting them with someone elsewhere in the group who has worked through a similar challenge. His view is that durable growth depends partly on creating room for people to grow, whether that means a larger role in the same business or a move across the group.

Customer Continuity

When ownership changes, customers that rely on mission-critical software want to know the product will still be supported and developed by people who understand it. Lumine’s commitment to buying and holding businesses permanently is meant to answer that question. Ulf has seen this directly in a conversation with one of Canada’s largest telecommunications operators about another Lumine company whose software supports core network infrastructure. The customer wanted assurance that the software would remain stable and supported, and that its owner took a long-term view. Ulf found that Lumine’s acquisition record, with no business ever sold, was a large part of the answer.

For Netadmin’s customers, that continuity shows in the product and the people behind it. Netadmin Nine is now on its third major version, much of the team remains in place, and operators that were customers in 2015 still work with Netadmin today, many through expanded contracts.

Recent product development follows the same pattern. Netadmin’s Network Insight Portal gives network owners, including estate owners and similar external parties, self-service access to manage addresses, devices, sites, contact information, tickets, troubleshooting, reporting, ordering, and subscription management within their own limited subset of the network. For operators, the portal reduces administrative work and gives network owners more direct visibility and control.

Ten Years On

A decade after the acquisition, Netadmin is a larger, global business that still draws on the foundation before it. Net revenue doubled in the first five years under Lumine ownership, and continues to grow year after year. The company now serves more than 75 operators across 15 countries, including a UK market it did not serve ten years ago. As it keeps growing, the priority is to preserve the product knowledge and close customer relationships that brought the business to this point.

Ulf Engstrand, Netadmin’s Director of R&D, has been with the company for more than 20 years across a range of R&D roles. His background is in fibre network operations, and he has helped move Netadmin Nine forward through its successive versions. His priorities now include cloud-native architecture, integrations, and keeping product development tied to the daily challenges fibre operators face, as Netadmin works toward AI-driven service fulfillment and intelligent network management. Looking ahead, he points to what customers value most about the business, “As we keep growing, I think the most important thing is not to lose what customers value about Netadmin,” he says. “They know our people, they rely on the product, and they trust that we understand fibre operators. Growth should make those things stronger.”

Looking back on the decade, Ulf Lindberg pointed to continuity: “When I look back at the last ten years, what stands out is the continuity. Netadmin is still close to its customers, the product has continued to develop, and people have had room to grow. That is what a permanent home should make possible.”

“As we keep growing, I think the most important thing is not to lose what customers value about Netadmin. They know our people, they rely on the product, and they trust that we understand fibre operators. Growth should make those things stronger.”

Ulf Engstrand, Director of Research and Development, Netadmin Systems

Considering the Next Chapter for Your Business?

For those evaluating the next chapter for a communications or media software business, Netadmin’s experience offers one view of what permanent ownership can look like in practice. The case is not only about acquisition. It is about what follows: continuity for customers, room for leaders to grow, and a product that continues to develop with the market it serves.

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