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Audax Private Equity ("Audax") announced it has completed its 100th platform acquisition by partnering with management to acquire Mobileum, Inc. ("Mobileum"). Terms of the transaction were not disclosed. Headquartered in Santa Clara, California, Mobileum is a leading provider of mobile telecom roaming and analytics software. Since its founding in 2001, Mobileum has been a key partner to over 600 mobile operator networks across 170 countries. Mobileum provides products including Voice and Data Roaming, Fraud Analytics, Data Monetization, Analytics for Customer Experience, and Service Performance Measurement & Assurance, which allow operator networks to deliver a superior customer experience and grow revenue.
Geoffrey Rehnert, Co-CEO of Audax, said, "Mobileum is one of the leading companies in the Mobile Roaming Software and Analytics industry. The company has developed an impressive suite of Analytics and Roaming products, making it an essential partner for mobile telecom carriers as they work to improve the roaming experience for their customers. We’re excited to partner with the team and support them in this next phase of growth. We are also pleased that Mobileum represents the hundredth platform acquisition for Audax since our founding in 1999, and we congratulate our hardworking and dedicated team on this great milestone."
Bobby Srinivasan, CEO of Mobileum, said, "Audax is an ideal partner for Mobileum at this stage in our growth, and the partnership places us securely at the center of an exciting time in the telecom industry. Working with Audax, we expect to be able to increase our M&A activities and continue to help our customers to optimize revenue and accelerate digital transformation."
Jan 24 2017