SAN FRANCISCO, Jan. 31, 2022 /PRNewswire/ -- Mobileum
Inc. ("Mobileum" or the "Company"), a leading global
provider of telecom analytics solutions, is pleased to announce
that H.I.G. Capital ("H.I.G."), a leading global alternative
investment firm with over $47 billion
of equity capital under management, has entered into a definitive
agreement through an affiliate of H.I.G. Technology Partners
("HTP") to make a strategic investment in the Company, to help
accelerate technology investments and growth enabled by the
roll-out of 5G technologies and private networks across the world.
Following the transaction, H.I.G. will be the majority owner 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.
![H.I.G Capital Logo H.I.G Capital Logo](https://mma.prnewswire.com/media/1736853/H_I_G_Capital_Logo.jpg)
Headquartered in Cupertino, CA,
Mobileum is a leading global software provider of mission-critical
solutions that allow communications service providers to manage
increasingly complex networks. The Company serves a diversified,
blue-chip customer base, including 35 of 36 global Tier 1 telcos
and 70% of Tier 2 telcos in over 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 accelerate the demand for solutions to manage and maintain
complex network ecosystems, ensure consistent quality of service,
and minimize fraud and cybersecurity threats.
"We are excited to welcome H.I.G. Capital as a partner as we
continue to build the leading global analytics platform for
communications service providers," said Bobby Srinivasan, CEO of Mobileum. "H.I.G. has
deep and relevant expertise in the sector with a strong track
record. Working together, we intend to further Mobileum's mission
to support telecom partners with market leading solutions and
capitalize on the growth in the broader telco software sector,
including the significant opportunities presented by 5G and private
networks."
"We are firm believers 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 clear market leader
in this space with a best-in-class product platform and is
well-positioned at the forefront of emerging technology shifts,"
said Timur Akazhanov and Nishant
Nayyar, Managing Directors at H.I.G. "We are excited to
partner with Bobby, the Mobileum team, and Audax to accelerate
technology investments and continue growing with our telco
partners."
John Woyton, Head of H.I.G.
Technology Partners commented: "We are delighted to invest in
Mobileum. This is the first investment made by HTP, H.I.G.'s
dedicated private equity technology platform. Mobileum is an ideal
fit with our strategy of applying our operational expertise in
partnership with management teams to create innovative and
high-performance companies that define their industries."
Kirkland & Ellis LLP served as legal advisor to H.I.G.
Jefferies served as exclusive financial advisor and Kirkland &
Ellis LLP served as legal advisor to Mobileum.
About Mobileum
Mobileum is a leading provider of
Telecom analytics solutions for roaming, core network, security,
risk management, domestic and international connectivity testing,
and customer intelligence. More than 1,000 customers rely on its
Active Intelligence platform, which provides advanced analytics
solutions, allowing customers to connect deep network and
operational intelligence with real-time actions that increase
revenue, improve customer experience and reduce costs.
Headquartered in Silicon Valley, Mobileum has global offices in
Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain United Arab Emirates, and the
UK.
About H.I.G. Capital
H.I.G. is a leading global
alternative assets investment firm with over $47 billion of equity capital under management.*
Based in Miami, and with offices
in New York, Boston, Chicago, Dallas, Los
Angeles, San Francisco, and
Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro and São
Paulo, H.I.G. specializes in providing both debt and equity capital
to small and mid-sized companies, utilizing a flexible and
operationally focused/ value-added approach:
- H.I.G.'s equity funds invest in management buyouts,
recapitalizations and corporate carve-outs of both profitable as
well as underperforming manufacturing and service businesses.
- H.I.G.'s debt funds invest in senior, unitranche and junior
debt financing to companies across the size spectrum, both on a
primary (direct origination) basis, as well as in the secondary
markets. H.I.G. is also a leading CLO manager, through its
WhiteHorse family of vehicles, and
manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.'s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus
investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed
more than 300 companies worldwide. The firm's current portfolio
includes more than 100 companies with combined sales in excess of
$30 billion. For more information,
please refer to the H.I.G. website at www.higcapital.com.
Logo:
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