Mobileum has been acquired by Audax Private Equity, a private equity firm focused on building middle market companies.
"Audax is an ideal partner for Mobileum at this stage in our growth and the partnership places us securely at the centre of an exciting time in the telecom industry," stated Bobby Srinivasan, CEO of Mobileum.
"Analytics enabled back-end systems coupled with conversational engagement solutions will be key catalysts in helping CSPs to compete and re-position themselves in the new digital economy and those that can best combine these solutions will thrive.
"Working with Audax, we expect to be able to significantly increase our M&A activities and continue to help our customers to optimise revenue and accelerate digital transformation."
Previously known as Roamware, Mobileum was founded in 2001 and has since sold its roaming and analytics solutions to over 600 mobile operator customers worldwide.