Audax Private Equity has bought Mobileum, a data analytics firm for mobile network and telecommunications operators, as the target looks to grow through more add-on acquisitions. Terms of the deal were undisclosed.
Mobileum, headquartered in Santa Clara, California, provides roaming software and data analytics to the telecom industry. With the target’s Mobileum Wisdom and Mobileum Action services, telecom operators can leverage data-driven analytics to segment and categorize customers. Mobileum also offers security and counter-fraud services, and even helps roaming service network providers determine customer satisfaction. The target services more than 617 telecom networks and partnered with companies such as: International Business Machines Corp. (NYSE: IBM) , Dialogic Inc., HP Inc. (NYSE: HPQ), Intel Corp. (Nasdaq: INTC), Oracle Corp. (NYSE: ORCL), and Sun Microsystems.