Mobileum Inc. announces the acquisition of Evolved IntelligencePosted Oct 2018
CUPERTINO, CA – October 29, 2018 – Mobilem Inc. (“Mobileum”), a leading global provider of analytics-based roaming and risk management solutions, today announced the acquisition of Evolved Intelligence Ltd, (“EI”). Terms of the transaction were not disclosed.
Headquartered in Bristol, United Kingdom, EI specializes in cloud-hosted roaming value-added services, as well as analytics-based fraud management and signaling security solutions for mobile telecommunications operators and signaling providers worldwide. EI offers a proven, multi-protocol SS7 and Diameter Signaling Firewall that is currently securing several leading mobile operator networks globally.
“Evolved Intelligence is a leading company in the mobile network security space. The company has developed an impressive suite of technology and products that accelerates cloud deployment and facilitates managed services,” said Bobby Srinivasan, CEO of Mobileum. “We are excited to partner with Evolved Intelligence and support them in the next phase of their growth. As we continue to grow Mobileum, organically and inorganically, the addition of such a strong product engineering team to our existing talented workforce will allow us to expand the depth and breadth of our solution portfolio. Where appropriate, we will take the best combinations of our product features and bring to market stronger offerings that will deliver excellent value propositions for our customers.”
Paul Gill, CEO of Evolved Intelligence, said, “Mobileum, with its global customer reach, is an ideal partner for Evolved Intelligence at this stage in our growth, and the partnership places us securely at the center of an exciting time in the telecoms industry. The integration between Evolved Intelligence and Mobileum also allows us to invest in the architecture for next generation distributed networks and leverage the analytics capabilities of Mobileum to further bolster our award-winning signaling firewall offering.”
Mobileum has consistently grown its suite of analytics offerings in the years following its acquisition by Audax Private Equity in 2016. Building on 17 years of leadership in the sphere of roaming, Mobileum has utilized exceptional knowledge of mobile telecommunications to develop its ‘Active Intelligence’ platform that powers real-time actionable insights across the roaming, fraud and security domains. The combination of EI’s Signaling Firewall with Mobileum’s Threat Analytics platform will create an innovative intrusion detection and protection framework for network operators. EI’s expertise in deploying and managing telecom solutions in the cloud will further enrich the combined solution portfolio and benefit Mobileum’s customers and partners.
The acquisition also serves to strengthen Mobileum’s presence in Europe. The existing EI platform and architecture will be maintained and developed for further integration with the Mobileum Active Intelligence platform.
Mobileum delivers analytics solutions that generate revenues, reduce costs and accelerate digital transformation for more than 600 Communications Service Providers across 150 countries. Mobileum’s solutions help to grow and protect existing CSP revenue streams, as well as drive new revenues through business model innovation. We focus on specific domains including roaming, counter fraud and security, data monetization and digital transformation. Mobileum’s success is built on its unique Active Intelligence platform which combines analytics and engagement technology with deep network and CSP systems integration to deliver end to end solutions.
Mobileum is based in California’s Silicon Valley, with offices in Argentina, Dubai, Hong Kong, India, Ireland, Jordan, Singapore and Uruguay. To learn more, visit www.mobileum.com and follow @MobileumInc on Twitter.
Aisling O’Callaghan: Aisling.Ocallaghan@mobileum.com
About Audax Private Equity
Audax Private Equity has been focused on building leading middle market companies since its founding in 1999. Audax has invested $5 billion in 117 platform and 707 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 Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has $13 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.
About Evolved Intelligence
Evolved Intelligence provides roaming, fraud and security solutions to mobile phone operators and signaling providers world-wide. Solutions are powered by a unique architecture which allows network intelligence to be sited remotely from the network core. EI has more than 60 service implementations in more than 40 operators. The company’s solutions are also available from several leading signaling providers. EI is based in Bristol, United Kingdom and was formed in 2007. www.evolved-intelligence.com
Sara Peake, Head of Marketing at Evolved Intelligence. firstname.lastname@example.org