PR90249

CUPERTINO, Calif., June 23, 2021 /PRNewswire=KYODO JBN/ --

-- Expanded portfolio strengthens Mobileum's 5G Core Network capabilities to

support small carriers and private networks

Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions

for roaming and network services, security, risk management, and testing and

monitoring, is pleased to announce that it has acquired Convene Networks, a

technology provider of integrated core network solutions for 3G/4G/5G networks.

The acquisition expands Mobileum's core network technology footprint, extending

its portfolio of 5G Core ("5GC") solutions and providing commercial

off-the-shelf ("COTS") 5G-in-a-box for small carriers and private networks.

Logo - https://mma.prnewswire.com/media/1431792/Mobileum_Logo.jpg  

This acquisition follows the recent acquisition of Developing Solutions and it

is in line with Mobileum's growth strategy since its acquisition by Audax

Private Equity in 2016, as it continues building an integrated suite of

analytics solutions to support telecom operators as they roll out 5G, launch

new IoT services, and accelerate their digital transformation.

Mobileum's Active Intelligence platform is a leading telecom-focused analytics

technology that supports roaming, network services, security, risk management,

and testing. Convene Networks will enhance its core network capabilities by

providing network elements needed to support a fully virtualized, secure

infrastructure and by extending critical 5G core authentication, subscription

management, and analytics functions. With these new capabilities, Mobileum can

provide telecom operators a broader 5G network offering delivered as an

integrated package, that is scalable and highly efficient, and which can be

used to support small carriers and private network use cases.

"Convene Networks is an outstanding technology company with a set of innovative

products that will help accelerate our 5G growth strategy. Mobileum's portfolio

of network solutions has been helping service providers monetize their network

and service environments, enabling them to offer next generation B2B and B2C

services with unparalleled efficiency. This acquisition strengthens our

foundations and expands our solutions at the core of 5G and provides a

"stronghold" to build and develop our 5G vision," stated Bobby Srinivasan, CEO

of Mobileum.

Convene Networks' product portfolio, including ConveneGSC GTP routing and

session controller, ConveneHSS home subscriber server, ConveneEIR equipment

identity register, will integrate with Mobileum's Active Intelligence portfolio

and its engineering team will reinforce Mobileum's team of core network experts.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston,

New York, and San Francisco. Since its founding in 1999, the firm has raised

over $27 billion in capital across its Private Equity and Private Debt

businesses. Audax Private Equity has invested over $6 billion in more than 135

platforms and over 950 add-on companies, and is currently investing out of its

$3.5 billion, sixth private equity fund. 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. With more than 250 employees and over 100 investment

professionals, the firm is a leading capital partner for North American middle

market companies. For more information, visit the Audax Private Equity website:

www.audaxprivateequity.com or follow us on LinkedIn (

https://www.linkedin.com/company/audax-private-equity/).

About Convene Networks

Convene Networks is a software solution provider for the Wireless and

Telecommunications markets. Convene Networks supplies high availability,

reliable solutions to meet customer needs, transforming the way

telecommunications service providers design and grow their network.  The

company's primary focus is to develop high-performance telecommunications

network software solutions that are purpose-built for NFV. Convene Networks'

solutions enable service providers to rapidly scale critical mobile network

nodes to meet the demands of their every changing networks, while also offering

market leading performance. Convene Networks helps telecommunications service

providers accelerate innovation by removing the complexities of dedicated

hardware platforms, so that they can focus on driving their business forward.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics for roaming, network

services, security, risk management and domestic and international connectivity

testing. More than 900 operators rely on its Active Intelligence platform,

which provides advanced analytics based solutions, enabling customers to

connect operational intelligence with real-time actions that increase revenue,

improve customer experience and reduce costs.  Headquartered in Silicon Valley,

Mobileum has global offices in Dubai, Germany, India, Portugal, Singapore and

UK.

Learn more in www.mobileum.com and follow @MobileumInc on Twitter  

SOURCE  Mobileum