Francisco Partners has sold Lumata to Evolving Systems

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is delighted to have represented the shareholders of Lumata Holdings Limited (“Lumata” or the “Company”) in its sale to Evolving Systems, Inc. (“Evolving”).

Lumata is a next generation provider of real-time loyalty and customer lifecycle management software and services. It delivers tools and marketing expertise that enable mobile network operators to unlock the value of their customer data, reducing customer churn and improving operational and financial KPIs. Lumata’s reputation for innovation has created long-standing relationships with many of the sector’s leading names, including Orange and Telefonica, as well as regional operators in Europe, Africa, the Caribbean, the Middle East and Asia.

Lincoln acted as the exclusive financial advisor to the shareholders of Lumata, working closely with the shareholders and the management team. Lincoln provided guidance on strategic buyer options, prepared the marketing materials and approached a targeted list of potential trade purchasers before managing a competitive auction process. This process confirmed Lumata’s broad appeal to potential buyers around the globe, including North America, Europe, India and the Far East.

Tom Buehlmann, CEO of Lumata Group, said, “I’d like to thank the Lincoln team for their expertise, professionalism and support throughout the sale process. Lumata has found the right home and is well placed to flourish under Evolving’s ownership.”

Edward Lethbridge, U.K. Head of Business Services at Lincoln, commented, “The sale of Lumata was a strategically important transaction for Lincoln, furthering our position as a leading advisor to tech-enabled services companies with a global buyer audience.”

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