Audax Completes 100th Platform Acquisition
BOSTON, MA – November 3, 2016 – 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-Chief Executive Officer, Audax Group, 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, Chief Executive Officer, Mobileum Inc., 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”
Previously known as Roamware, Mobileum was founded in 2001 and has since sold its roaming and analytics solutions to over 600 Mobile Operator customers worldwide. In 2014, Mobileum added a suite of innovative, analytic-driven solutions to its product portfolio to broaden its reach and value outside of Roaming.
Mobileum helps telecom service providers leverage the power of predictive analytics and real-time insights to drive game-changing business transformation. Mobileum’s Wisdom platform enables CSPs to gain deep understanding of network and subscriber behavior, and leverage that to improve service adoption, arrest churn, deliver superior customer experience, predict new types of fraud, and benefit from next generation data-driven revenue models. Mobileum is based in California’s Silicon Valley, with offices in Argentina, Belgium, Dubai, Hong Kong, India, Ireland, Jordan, Singapore and Uruguay. To learn more, visit www.mobileum.com and follow @MobileumInc on Twitter.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 100 platform and 515 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.
Geoffrey Rehnert, Co-Chief Executive Officer, Audax Group – (617) 859-1503
For press inquiries contact:
Emma Hotston / Donna Airey
Liberty PR on behalf of Mobileum
+1 415 429-5652 / +44 207 751 4444