Mobileum Acquires SIGOS for 5G, IoT Network Security Testing
Mobileum Acquires SIGOS: Business Details
Mobileum, backed by Audax Private Equity, provides analytics-based roaming, network security, and risk management solutions. The company’s managed services portfolio spans telecom security, revenue assurance, fraud management, collections management, incentives management and roaming management.
SIGOS offers end-to-end domestic and roaming testing solutions to improve network security and service quality for mobile networks. SIGOS also provides mobile operators anti-fraud and revenue assurance managed service solutions.
Mobileum and SIGOS will have a combined team of over 1,800 employees across more than 30 global locations, serving more than 750 telecom operators across the globe, in 180 countries, the companies say.
This is the third acquisition that Mobileum has completed, following the purchase of WeDo Technologies in August 2019, and Evolved Intelligence in October 2018, the buyer notes.
Mobileum Acquires SIGOS: Executive Perspectives
In a prepared statement about the deal, Mobileum CEO Bobby Srinivasan said:
“SIGOS is a leading company with over 500 network operators in 156 countries, including the top 100 mobile networks. The company has developed an impressive suite of technology and products that deliver great value to global telecom operators. We are excited to partner with SIGOS and support them in the next phase of growth. As we continue to grow Mobileum, both organically and inorganically, the addition of SIGOS’ strong product portfolio and unique testing infrastructure, as well as their great technical expertise and customer footprint will help us to expand the depth and breadth of our offerings, and to further strengthen the value proposition for our customers.”
Added Adil Kaya, CEO of SIGOS:
“As a leading company for active end-to-end testing in service and network quality, including active fraud detection and billing verification, we are very excited to launch with Mobileum the essential next step for our journey in 5G. The combination of both companies’ products and competencies will help create a tremendous value for mobile operators and enterprises, at a critical moment for them, as they rollout their 5G infrastructure and expand their portfolio of IoT services. We believe we are uniquely positioned to support that journey, being able to provide active testing and to ensure a superior network quality, while simultaneously safeguarding our customers’ network and protecting their revenue streams.”
Concluded Chip Virnig, a partner at Thoma Bravo:
“Our successful partnership with SIGOS over the past six years represents the core investment principles of Thoma Bravo. Our commitment to working with existing management, implementing operational best practices, and backing market leading software vendors all resulted in this great outcome.”
Lincoln International advised SIGOS and Thoma Bravo on the deal.