Mobileum Inc. Acquires Convene Networks

Mobileum Inc., a global leader in analytics solutions for roaming and network services, security, risk management, and testing and monitoring, is delighted to announce the acquisition of Convene Networks, a technology supplier of integrated core network solutions for 3G/4G/5G networks. The purchase expands Mobileum's core network technology footprint, expanding its range of 5G Core solutions and offering commercial off-the-shelf (5G-in-a-box) 5G solutions for small carriers and private networks.

This acquisition is in line with Mobileum's growth strategy since its acquisition by Audax Private Equity in 2016. It continues to build an integrated suite of analytics solutions to support telecom operators as they roll out 5G and launch new IoT services and accelerate their digital transformation.

The Active Intelligence platform from Mobileum is a prominent telecom-focused analytics solution that covers roaming, network services, security, risk management, and testing. Convene Networks will expand its core network capabilities by supplying network components required to enable a fully virtualized, secure infrastructure and expanding basic 5G core authentication, subscription management, and analytics services. With these additional capabilities, Mobileum will provide telecom operators with a wider 5G network offering as an integrated package that is scalable and highly efficient and can be utilized to serve small carriers and private network use cases.

Convene Networks' product portfolio, which includes ConveneGSC GTP routing and session controller, ConveneHSS home subscriber server, and ConveneEIR equipment identity register will integrate with Mobileum's Active Intelligence portfolio. Convene Networks' engineering team will supplement Mobileum's team of core network experts.

About Audax Private Equity

With offices in Boston, New York, and San Francisco, Audax Group is a prominent alternative investment manager. Since its inception in 1999, the company has generated more than $27 billion in capital for its Private Equity and Private Debt divisions. Audax Private Equity has invested more than $6 billion in more than 135 platforms and 950 add-on companies, and it is presently investing from its $3.5 billion sixth private equity fund. Audax aims to assist platform businesses in executing add-on acquisitions that drive revenue growth, improve operations, and substantially enhance equity value via its rigorous Buy & Build strategy. The company is a major capital partner for North American middle-market businesses, with over 250 employees and over 100 investment experts.

About Convene Networks
Convene Network is a supplier of software solutions for the wireless and telecommunications industries. Convene Networks provides high availability, dependable solutions to suit customers' requirements, changing the way telecoms service providers build and develop their nettelecomhe main goal of the business is to provide high-performance telecoms network software solutions that are purpose-built for NFV. Convene Networks' solutions allow service providers to quickly expand key mobile network nodes to meet the changing needs of their networks while still providing market-leading performance. Convene Networks enables telecom service providers to speed innovation by eliminating the complexity of specialized hardware platforms, allowing them to concentrate on growing their company.

About Mobileum Inc.
Mobileum is a prominent supplier of telecom analytics for roaming, network services, security, risk management, and testing of local and international connections. More than 900 operators depend on its Active Data platform, which offers sophisticated analytics-based solutions that link operational intelligence with real-time actions that enhance revenue, improve customer experience, and reduce costs. Mobileum is headquartered in Silicon Valley and has global offices in Dubai, Germany, India, Portugal, Singapore, and the United Kingdom.