Mobileum Inc. Acquires Developing Solutions
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CUPERTINO, Calif., June 22, 2021, /PRNewswire=KYODO JBN/--
Acquisition Expands Mobileum's Market Leadership in 5G Testing
Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions
for roaming and network services, security, risk management, testing, and
monitoring, is pleased to announce that it has acquired Developing Solutions, a
network testing software provider that focuses on core network testing for load
and lab use cases covering 3G, 4G, 5G and IP Multimedia Subsystem ("IMS").
The acquisition of Developing Solutions continues Mobileum's growth strategy,
building a telecom-focused analytics platform with a robust testing
infrastructure and a widespread set of network interfaces, allowing operators
to optimize operational efficiency and improve customer experience as they
transition to 5G and next generation networks.
"The acquisition of Developing Solutions is a natural step in Mobileum's
evolution, as we continue to consolidate the market and build an actionable
analytics platform together with an end-to-end testing infrastructure to
support telecom operators along their transformation journey. With the advent
of 5G, operators must adapt to market changes faster, while still maintaining
the highest standard of service performance. Therefore, it is increasingly
important that carriers have integrated core testing capabilities that
transcend the 5G ecosystem, and the power to monitor the performance of
high-density data within a backdrop of networks that are increasingly complex,
automated, and dynamic," commented Bobby Srinivasan, CEO of Mobileum.
"As the launch of 5G standalone networks, new IoT use cases, and network
slicing continue to accelerate, the ability for telecom operators to fully
automate the testing of new services and applications will be critical to
increasing their business agility and supporting new revenue streams. By
joining Mobileum, we will be able to offer our customers a fully integrated,
unified solution that encompasses all of their testing needs - from the lab to
the live network," commented John Minnis, CEO and Founder of Developing
Solutions.
Mobileum has consistently grown its suite of analytics offerings in the years
following its 2016 acquisition by Audax Private Equity. Building on 19 years of
leadership in roaming, Mobileum relied on its knowledge of mobile
telecommunications to develop its 'Active Intelligence' platform that empowers
real-time actionable insights across roaming, testing, fraud, and security
domains.
Developing Solutions has been a long-term Mobileum partner in the testing
domain. This acquisition will allow the two companies to build on their
partnership and to integrate Developing Solutions' dsTest product with
Mobileum's Active Testing solution, SITE. The combined solution will provide
telecom operators with end-to-end testing and verification solutions for the
entire network and service lifecycle, from lab to production. Mobileum's
expanded offering will provide carriers with a customizable, end-to-end
application testing platform that easily integrates with other automation tools
and reduces operational costs by enabling modern, continuous integration and
delivery with a DevOps approach.
The integration will allow automated testing in a Continuous Integration and
Continuous Deployment ("CI/CD") environment, providing extensive 5G core
emulation capabilities, API testing, and 5G test automation capabilities. The
combination of the two companies will facilitate the development and deployment
of new tests, improving flexibility and allowing users to address any 5G test
scenario, leading to faster service launches and lower operational costs.
This acquisition will also strengthen Mobileum's engineering team and enhance
its 5G Core Network skills and expertise, expanding its capacity to help solve
some of the most complex challenges emerging at the core of the network and to
serve its more than 900 customers around the globe.
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.
About Developing Solutions
Developing Solutions, founded in 2002, is a test equipment firm with extensive
experience in the Telecom and Datacom industries. The company is located in the
DFW Metroplex. To learn more, please visit https://www.developingsolutions.com/
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
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SOURCE: Mobileum
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