SAN FRANCISCO – Mobileum Inc. (“Mobileum” or the “Company”), a leading global provider of telecommunications analytics solutions, is pleased to announce that HIG Capital (“HIG”), a global leading alternative investment company with over $47 billion in equity under management, has entered into a definitive agreement through an affiliate of HIG Technology Partners (“HTP”) to make a strategic investment in the Company, to help accelerate technology investments and growth enabled by the deployment of 5G technologies and networks around the world. Following the transaction, HIG will be the majority owner of Mobileum alongside former 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 in Cupertino, Calif., Mobileum is a leading global software provider of 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 world’s 36 Tier 1 carriers and 70% of Tier 2 carriers in more than 190 countries. Its suite of innovative applications provides customers with analytical 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 minimize threats of fraud and of cybersecurity.
“We are delighted to welcome HIG Capital as a partner as we continue to build the leading global analytics platform for communications service providers,” said Bobby Srinivasan, CEO of Mobileum. “HIG has deep and relevant industry expertise with a solid track record. Working together, we intend to continue Mobileum’s mission to support telecom partners with market-leading solutions and capitalize on the growth of the broader telecom software industry, including the significant opportunities presented by the 5G and private networks.
“We believe in the growing importance of software-driven data analytics and 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 well positioned at the forefront of emerging technological changes,” said Timur Akazhanov and Nishant Nayyar, Managing Directors of HIG. “We are delighted to partner with Bobby, the Mobileum team and Audax to accelerate technology investments and continue growth with our telecommunications partners. »
John Woyton, Head of HIG Technology Partners, said, “We are delighted to invest in Mobileum. This is the first investment made by HTP, HIG’s private equity technology platform. Mobileum fits perfectly with our strategy of applying our operational expertise in partnership with management teams to create innovative and successful companies that define their industries.
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. Based in Silicon Valley, Mobileum has global offices in Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, Indonesia, Malaysia, Mexico, Portugal, Singapore, in Spain, the United Arab Emirates and the 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 and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operational value-driven system. – added approach:
1. HIG equity funds invest in management buyouts, recapitalizations and corporate carve-outs of profitable and underperforming manufacturing and service companies.
2. HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary basis (direct origination) and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates 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 making more 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.highcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.