SAN FRANCISCO, Feb. 1, 2022 /PRNewswire/ –Mobileum Inc. (“Mobileum” or the “Company”), a leading global provider of telecommunications analytics solutions, is pleased to announce that HIG Capital (“HIG”), a leading global alternative investment firm managing over $47 billion in equity, has entered into a definitive agreement through an affiliate of HIG Technology Partners (“HTP”) to make a strategic investment in the society. It wants to help accelerate technology investments and the growth generated by the deployment of 5G technologies and private networks around the world. Following the transaction, HIG will be the majority shareholder of Mobileum, alongside previous owner Audax, which will retain a minority stake. The transaction is subject to customary closing conditions and required regulatory approvals. Terms were not disclosed.
Based at Cupertino, California, Mobileum is a leading global software provider, delivering mission-critical solutions that enable communications service providers to manage increasingly complex networks. The Company serves a diverse, blue-chip customer base, including 35 of the 36 Tier 1 carriers and 70% of Tier 2 carriers in more than 190 countries. Its innovative suite of applications provides customers with analytics-driven solutions for roaming and network services, network security, risk management, connectivity testing and subscriber intelligence. Mobileum operates in a large and growing market as the rise of 5G and IoT accelerates demand for solutions to manage and maintain complex network ecosystems, ensure consistent quality of service and reduce fraud threats and cybersecurity.
“We are delighted to welcome HIG Capital as a partner as we continue to build the world’s leading analytics platform for communications service providers,” said Bobby Srinivasan, CEO of Mobileum. “HIG has deep and relevant industry expertise, with a strong track record. By working together, we intend to advance Mobileum’s mission of supporting telecom partners with market-leading solutions and capitalizing on the growth of the broader telecom software industry, including opportunities important presented by 5G and private networks. »
“We strongly believe in the growing importance of data analytics and software intelligence for the telecom industry, to support the monetization of telecom connectivity and enable its next wave of growth. Mobileum is the undisputed market leader in this space, with a best-in-class product platform, and is at the forefront of emerging technological changes,” said Timur Akazhanov and Nishant Nayyar, Managing Directors of HIG. to partner with Bobby, the Mobileum team and Audax to accelerate technology investments and pursue growth with our telecom partners. »
John Woyton, Head of HIG Technology Partners commented: “We are delighted to invest in Mobileum. This is the first investment made by HTP, HIG Mobileum’s dedicated private equity technology platform fits perfectly with our strategy of applying our operational expertise in partnership with management teams to create innovative and successful companies that define their sector. »
Kirkland & Ellis LLP served as legal counsel to HIG Jefferies served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Mobileum.
Mobileum is a leading provider of telecommunications analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers trust its active intelligence platform, which provides advanced analytics solutions, enabling customers to connect deep network and operational intelligence to real-time actions that increase revenue, improve customer experience and reduce costs. Mobileum, headquartered in Silicon Valley, has offices in the following countries: Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain, United Arab Emirates and United Kingdom.
About HIG Capital
HIG is one of the world’s leading alternative asset investment firms, with over $47 billion in equity under management.* Based in Miami, with offices in New York, Boston, Chicago, Dallas, The Angels, San Francisco and Atlanta in the United States, as well as affiliated international offices in London, Hamburg, Madrid, Milan, Paris, Bogota, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, through a flexible, operations-focused and value-added approach:
1.HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of companies, whether profitable or underperforming manufacturing or service companies.
2. HIG’s debt funds invest in senior, unitranche and junior debt financings for companies of all sizes, both on a primary basis (direct origination) and in the secondary markets. HIG is also a leading manager of CLO, through its family of vehicles WhiteHorse, and manages a publicly traded BDC, WhiteHorse Finance.
3.HIG real estate funds invest in value-added properties, which can benefit from better asset management practices.
4.HIG Infrastructure focuses on value-added and grassroots investments in the infrastructure sector.
Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at: www.higcapital.com.