Two strong players in Roaming, Revenue Assurance, and Fraud Management come together to further strengthen their ability to provide cutting edge technology and solutions to the telecommunications industry.
CUPERTINO, CA – 14th August, 2019 – Mobileum Inc. (“Mobileum”), a leading global provider of analytics-based roaming and risk management solutions, today announced the acquisition of WeDo Technologies, (“WeDo”). This is the second acquisition Mobileum has completed, following the purchase of Evolved Intelligence in October 2018.
Headquartered in Lisbon, Portugal, WeDo is a leader in risk and business management solutions for communication service providers (CSPs) globally, helping them to drive revenues, mitigate risk, and prevent fraud on their networks. WeDo’s rich and exhaustive portfolio of products and solutions is backed by advanced analytical insights, consulting, professional and managed services.
“WeDo is a leading company in the risk management, business management and business optimization space. The company has developed an impressive suite of technology and products that deliver great value to global CSPs,” said Bobby Srinivasan, CEO of Mobileum. “We are excited to partner with WeDo and support them in the next phase of their growth. As we continue to grow Mobileum, organically and inorganically, the addition of WeDo’s strong product engineering, customer footprint, consulting and services teams to our existing talented workforce around the world will allow us to expand the depth and breadth of our offerings. We look forward to combining the capabilities of our product portfolios to create excellent value propositions for our customers.”
“Mobileum, with its complementary business and global customer reach, is an ideal partner for WeDo Technologies as we embark on the next stage in our growth” said Rui Paiva, CEO WeDo Technologies. “The combined business offers our customers a richer and more diverse portfolio of solutions in the domains of Revenue Assurance, Fraud Management, Network Security, Roaming and Interconnect. As the mobile industry continues to evolve, this transaction will allow us to continue to invest in the future architecture, assuring the success of our customers along a journey of continuous transformation.”
Mobileum has consistently grown its suite of analytics offerings in the years following its acquisition by Audax Private Equity in 2016. Building on 18 years of leadership in the sphere of roaming, Mobileum has utilized exceptional knowledge of mobile telecommunications to develop its ‘Active Intelligence’ platform that powers real-time actionable insights across the roaming, fraud and security domains. The combination of WeDo’s risk and business management solutions with Mobileum’s advanced analytics platform will create an innovative and comprehensive framework for fraud and risk management and revenue assurance for network operators. WeDo’s domain expertise will further enrich the combined solution portfolio and benefit Mobileum’s customers and partners.
The acquisition also serves to strengthen Mobileum’s presence globally. The existing WeDo platform and architecture will be maintained and developed for further integration with the Mobileum Active Intelligence platform. Mobileum and WeDo will have a combined team of over 1,100 employees across more than 30 global locations, serving more than 700 customers in over 180 countries.