PR94337

SAN FRANCISCO Jan. 31, 2022 /PRNewswire-=KYODO JBN/ --

Mobileum Inc. ("Mobileum" or the "Company"), a leading global provider of

telecom analytics solutions, is pleased to announce that H.I.G. Capital

("H.I.G."), a leading global alternative investment firm with over $47 billion

of equity capital under management, has entered into a definitive agreement

through an affiliate of H.I.G. Technology Partners ("HTP") to make a strategic

investment in the Company, to help accelerate technology investments and growth

enabled by the roll-out of 5G technologies and private networks across the

world. Following the transaction, H.I.G. will be the majority owner of Mobileum

alongside previous owner Audax, which will retain a minority stake. The

transaction is subject to customary closing conditions and required regulatory

approvals. Terms were not disclosed.

Headquartered in Cupertino, CA, Mobileum is a leading global software provider

of mission-critical solutions that allow communications service providers to

manage increasingly complex networks. The Company serves a diversified,

blue-chip customer base, including 35 of 36 global Tier 1 telcos and 70% of

Tier 2 telcos in over 190 countries. Its innovative suite of applications

provides customers with analytics-driven solutions for roaming and network

services, network security, risk management, connectivity testing, and

subscriber intelligence. Mobileum operates in a large and growing market as the

rise of 5G and IoT accelerate the demand for solutions to manage and maintain

complex network ecosystems, ensure consistent quality of service, and minimize

fraud and cybersecurity threats.

"We are excited to welcome H.I.G. Capital as a partner as we continue to build

the leading global analytics platform for communications service providers,"

said Bobby Srinivasan, CEO of Mobileum. "H.I.G. has deep and relevant expertise

in the sector with a strong track record. Working together, we intend to

further Mobileum's mission to support telecom partners with market leading

solutions and capitalize on the growth in the broader telco software sector,

including the significant opportunities presented by 5G and private networks."

"We are firm believers in the growing importance of software-driven data

analytics and intelligence for the telecom industry to support the monetization

of telecom connectivity and enable its next wave of growth. Mobileum is the

clear market leader in this space with a best-in-class product platform and is

well-positioned at the forefront of emerging technology shifts," said Timur

Akazhanov and Nishant Nayyar, Managing Directors at H.I.G. "We are excited to

partner with Bobby, the Mobileum team, and Audax to accelerate technology

investments and continue growing with our telco partners."

John Woyton, Head of H.I.G. Technology Partners commented: "We are delighted to

invest in Mobileum. This is the first investment made by HTP, H.I.G.'s

dedicated private equity technology platform. Mobileum is an ideal fit with our

strategy of applying our operational expertise in partnership with management

teams to create innovative and high-performance companies that define their

industries."

Kirkland & Ellis LLP served as legal advisor to H.I.G. Jefferies served as

exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to

Mobileum.

About Mobileum

Mobileum is a leading provider of Telecom analytics solutions for roaming, core

network, security, risk management, domestic and international connectivity

testing, and customer intelligence. More than 1,000 customers rely on its

Active Intelligence platform, which provides advanced analytics solutions,

allowing customers to connect deep network and operational intelligence with

real-time actions that increase revenue, improve customer experience and reduce

costs. Headquartered in Silicon Valley, Mobileum has global offices in

Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India,

Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain United Arab Emirates,

and the UK.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $47

billion of equity capital under management.* Based in Miami, and with offices

in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta

in the U.S., as well as international affiliate offices in London, Hamburg,

Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes

in providing both debt and equity capital to small and mid-sized companies,

utilizing a flexible and operationally focused/ value-added approach:

H.I.G.'s equity funds invest in management buyouts, recapitalizations and

corporate carve-outs of both profitable as well as underperforming

manufacturing and service businesses.

H.I.G.'s debt funds invest in senior, unitranche and junior debt financing to

companies across the size spectrum, both on a primary (direct origination)

basis, as well as in the secondary markets. H.I.G. is also a leading CLO

manager, through its WhiteHorse family of vehicles, and manages a publicly

traded BDC, WhiteHorse Finance.

H.I.G.'s real estate funds invest in value-added properties, which can benefit

from improved asset management practices.

H.I.G. Infrastructure focuses on making value-add and core plus investments in

the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300

companies worldwide. The firm's current portfolio includes more than 100

companies with combined sales in excess of $30 billion. For more information,

please refer to the H.I.G. website at www.higcapital.com.

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SOURCE: Mobileum