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Mobileum acquires Sigos for 5G and IoT testing
- July 15, 2020
- Steve Rogerson
Mobileum, a California-based provider of analytics-based roaming, network security and risk management, has acquired German fraud detection company Sigos to provide end-to-end testing for 5G and IoT.
This is the third acquisition that Mobileum has completed following the purchase of WeDo Technologies in 2019 and Evolved Intelligence in 2018.
With operations and offices in Silicon Valley, Belgium, Germany and Singapore, Sigos has been offering active end-to-end domestic and roaming testing to improve network security and service quality for mobile networks since 1989. The portfolio includes what is said to be the largest roaming and interconnection test system in the cloud, covering almost every country in the world.
“Sigos is a leading company with over 500 network operators in 156 countries, including the top 100 mobile networks,” said Bobby Srinivasan, CEO of Mobileum. “The company has developed an impressive suite of technology and products that deliver great value to global telecom operators. We are excited to partner with Sigos and support them in the next phase of growth. As we continue to grow Mobileum, both organically and inorganically, the 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.”
In addition to active testing, Sigos provides mobile operators anti-fraud and revenue assurance managed services. Sigos was previously owned by Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector.
“Our successful partnership with Sigos over the past six years represents the core investment principles of Thoma Bravo,” said Chip Virnig, a partner at Thoma Bravo. “Our commitment to working with existing management, implementing operational best practices, and backing market leading software vendors all resulted in this great outcome.”
Mobileum has grown its suite of analytics offerings in the years following its acquisition by Audax Private Equity in 2016. Building on 19 years in the sphere of roaming, Mobileum relied on its knowledge of mobile telecommunications to develop its Active Intelligence platform that empowers real-time actionable insights across roaming, testing, fraud and security domains. The combination of Sigos’ testing and monitoring and its engineering team with Mobileum’s analytics platform should create a framework for telecom operators as they continue evolving their networks and adopting new technologies and business models.
“As a leading company for active end-to-end testing in service and network quality, including active fraud detection and billing verification, we are very excited to launch with Mobileum the essential next step for our journey in 5G,” said Adil Kaya, CEO of Sigos. “The 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. We believe we are uniquely positioned to support that journey, being able to provide active testing and to ensure a superior network quality, while simultaneously safeguarding our customers’ network and protecting their revenue streams.”
The acquisition serves to strengthen Mobileum’s presence globally. Mobileum and Sigos will have a combined team of over 1800 employees across more than 30 global locations, serving more than 750 telecom operators in 180 countries.
Headquartered in Silicon Valley, Mobileum has offices in Argentina, Dubai, Hong Kong, India, Portugal, Singapore and UK.