Boston-based Audax Private Equity has acquired Mobileum, a provider of roaming and big data analytics solutions to telecoms companies.
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 analytic-driven solutions to its product portfolio to broaden its reach and value outside of roaming.
Mobileum’s entire leadership and management team will remain with the organisation.
“Audax is an ideal partner for Mobileum at this stage in our growth and the partnership places us securely at the centre of an exciting time in the telecom industry,” says Bobby Srinivasan, CEO of Mobileum. “Analytics enabled back-end systems coupled with conversational engagement solutions will be key catalysts in helping CSPs to compete and re-position themselves in the new digital economy and those that can best combine these solutions will thrive.
“Working with Audax, we expect to be able to significantly increase our M&A activities and continue to help our customers to optimise revenue and accelerate digital transformation.”
Geoffrey Rehnert, co-chief executive officer of Audax, says: “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.”
