The combined entity will provide customers a stronger testing and analytics portfolio across network security, fraud, and business assurance spaces.
Mobileum, a provider of roaming, network securityOpens a new window , and risk management solutions for telecom operators has agreed to acquire SIGOS. The acquisition is a step towards expanding their analytics and testing capabilities for emerging technologies like 5GOpens a new window and IoTOpens a new window .
This is the third acquisition by Mobileum since it was acquired by Audax Private Equity in 2016. The company has since strengthened its network analytics portfolio with the acquisition of Evolved Intelligence in 2018Opens a new window and WeDo Technologies in 2019Opens a new window . Bobby Srinivasan, CEO at Mobileum said, â€œThe addition of SIGOS’ strong product portfolio and unique testing infrastructure, as well as their great technical expertise and customer footprint will help us to expand the depth and breadth of our offerings, and to further strengthen the value proposition for our customers.â€
Adil Kaya, CEO of SIGOS said, â€œThe combination of both companies’ products and competencies will help create a tremendous value for mobile operators and enterprises, at a critical moment for them, as they rollout their 5G infrastructure and expand their portfolio of IoT services.â€
The network analytics market is driven primarily by the complexities associated with 5G, cloud, IoT, and software defined networks (SDN). The network analytics market is expected to hit $3.6 billion by 2024Opens a new window , growing at a CAGR of 20.5%.
Mobileum added that SIGOS has the largest cloud-based roaming and interconnection test system, having a presence across 156 countries via 500 network operators. Additionally, SIGOS’s anti-fraud and billing/revenue verification capabilities complement the Cupertino-based Mobileum’s Active Intelligence platform. With such a strong presence as well as existing and acquired technical expertise, Mobileum can position itself attractively as the market embraces 5G and IoT.