The Post Carve-Out Path: Axyom.Core One Year Later
In this video, Tony Garcia, COO at Lumine Group and Jim Collier, SVP of Sales at Axyom.Core, reflect on the one-year post-acquisition journey of Axyom.Core. They provide a candid look at what made this corporate carve‑out distinct, and how the acquired assets were quickly set up to operate as an independent business.
Lumine acquired the Axyom cloud‑native 5G core and RAN software assets from Casa Systems, bringing proven technology, an established customer footprint, and deep domain expertise into the group. Previously a product line within a larger organization, these assets were carved out and stood up as a standalone operating company from day one—requiring the creation of a new brand, operating structure, and go‑to‑market focus, aligned with Lumine’s model of decentralized operations, long‑term ownership, and disciplined growth.
The video features leaders directly involved in the acquisition and early setup of Axyom.Core, offering a candid look at how this carve‑out was structured and what it takes to turn a set of assets into a focused, independent business.
Featuring: Tony Garcia, COO, Lumine Group, and Jim Collier, Vice President of Sales, Axyom.Core
The Post Carve-Out Path: Axyom.Core One Year Later
When Lumine Group acquired Axyom.Core in 2023, the priority was clear: protect customers while creating a business built for long‑term success. A carve-out transaction, Lumine acquired the Axyom Cloud Native 5G Core Software & RAN Assets from Casa Systems. Drawing on experience navigating complex carve‑outs, Lumine set forth to establish operational continuity and autonomy, enabling Axyom.Core to operate independently from the outset.
What Made This Acquisition Unique
This acquisition was distinctive because it involved a product carve‑out rather than a standalone business, which required the creation of a new company brand. As discussed in the video, separating a product from a broader organization, particularly in a Chapter 11 context, places added importance on execution and sequencing. For sellers, the takeaway is that complex structures can be navigated pragmatically, with attention to continuity and a clear path to standing up an independent operation.
Navigating Complex Carve-Outs
In the video, Jim highlights Lumine’s ability to navigate Chapter 11 processes while maintaining operational continuity. Upon acquisition, Axyom.Core was established quickly as a standalone business, prioritizing stability for employees and customers from day one.
Operating Clarity: A Playbook to Get Started
The Lumine Playbook offered a starting point grounded in experience — outlining practical approaches across sales, finance, professional services, R&D, maintenance, and support. Rather than prescribing decisions, it made that knowledge available early. The value was in giving teams a shared frame of reference, helping bring consistency and discipline to how the business operated.
Stability During a Critical Transition
The post‑acquisition period provided the stability needed for Axyom.Core to stand up full operational capability. That continuity played a role in maintaining relationships with key customers, including one of the business’s largest accounts. The focus was on ensuring the company could continue operating without disruption while establishing its footing as an independent business.
Year One and What Comes Next
Axyom.Core’s first year as an independent business was focused on establishing operational stability, retaining key customers, and building the foundations needed to operate at full capability.
With that base in place, the focus now shifts to deepening market presence, expanding capabilities where customer demand requires it, and continuing to evolve alongside the 5G landscape. The emphasis remains on ensuring strong customer relationships, steady execution, relevance, and long‑term progress.
If you’re considering the next chapter for your business, we’d love to share more about our approach to growth. Get in touch with our team.
