Thoma Bravo has sold SIGOS to Audax
Lincoln acted as the exclusive financial advisor to Thoma Bravo, working closely with both the shareholders and SIGOS’s management team throughout the sale process. This included providing mergers & acquisitions (M&A) and industry expertise as well as closely managing all aspects of the process, including the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not publicly disclosed.
SIGOS is a worldwide market leader, offering active end-to-end testing solutions for securing network and service quality in mobile networks since 1989. The portfolio includes the largest roaming and interconnection test system in the cloud, covering almost every country in the world and over 500 network operators, including the top 100 mobile networks, as well as over 100 enterprise customers. SIGOS employs approximately 300 employees worldwide and is headquartered in Nuremberg, Germany, with operating offices in Silicon Valley (San Mateo, California), Ghent (Belgium) and Singapore.
Adil Kaya, Chief Executive Officer at SIGOS, commented, “Lincoln’s deep domain expertise and commitment to our process was instrumental in delivering an excellent outcome for all of our stakeholders. Lincoln worked seamlessly with the management team, guiding us through each step of the process in an impactful way.”
The combination of SIGOS’ testing and monitoring solutions and its engineering team with Mobileum’s advanced analytics platform will create an innovative and robust framework for telecom operators, as they continue evolving their networks and adopting new technologies and business models.
Roger Knight, Managing Director in Lincoln International’s TMT Group, commented, “We are pleased to have represented Thoma Bravo and SIGOS on this strategic transaction. Leading infrastructure vendors such as SIGOS continue to garner strong interest, especially as enterprises currently manage the complexities of a remote workforce and operators launch 5G networks and related services. We look forward to the combined success of Mobileum and SIGOS under Audax’s ownership.”
It has been a pleasure to work with the Lincoln team throughout all stages of this process. With Lincoln’s strategic advice and senior-level attention, we managed initial inbound M&A interest, attracted competing offers in a thoughtful market check and reached this successful outcome during what has otherwise been extraordinary times.
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