Audax Private Equity has sold Mobileum to H.I.G. Technology Partners

Mobileum

Headquartered in Cupertino, California, Mobileum is a leading global software provider of mission-critical solutions that allow communications service providers to manage increasingly complex networks. The company’s innovative suite of analytics-driven solutions for roaming and network services, network security, risk management, connectivity testing and subscriber intelligence support more than 1,000 customers across the globe. Mobileum operates in a large, growing market as the rise of 5G and Internet of Things (IoT) accelerate the demand for solutions to manage and maintain complex network ecosystems, ensure consistent quality of service and minimize fraud and cybersecurity threats.

The Deal

H.I.G. Capital, through an affiliate of H.I.G. Technology Partners, has made a strategic investment in Mobileum. H.I.G. Capital is a leading global alternative investment firm with over $47 billion of equity capital under management. Following the transaction, H.I.G. will be the majority owner of Mobileum alongside previous owner Audax Private Equity, which will retain a minority stake.

Our Perspective

Roger Knight, Managing Director in Lincoln’s Technology, Media and Telecom Group, commented, “Mobileum is an industry leader across network support systems (NSS), business support systems (BSS) and operational support systems (OSS) software. We look forward to watching Mobileum continue to grow its market leadership position in partnership with H.I.G. and Audax.”

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