Mobileum Inc. ("Mobileum" or the "Company"), a leading global provider of 
telecom analytics solutions, is pleased to announce that H.I.G. Capital 
("H.I.G."), a leading global alternative investment firm with over $47 billion 
of equity capital under management, has entered into a definitive agreement 
through an affiliate of H.I.G. Technology Partners ("HTP") to make a strategic 
investment in the Company, to help accelerate technology investments and growth 
enabled by the roll-out of 5G technologies and private networks across the 
world. Following the transaction, H.I.G. will be the majority owner of Mobileum 
alongside previous owner Audax, which will retain a minority stake. The 
transaction is subject to customary closing conditions and required regulatory 
approvals. Terms were not disclosed.

Headquartered in Cupertino, CA, Mobileum is a leading global software provider 
of mission-critical solutions that allow communications service providers to 
manage increasingly complex networks. The Company serves a diversified, 
blue-chip customer base, including 35 of 36 global Tier 1 telcos and 70% of 
Tier 2 telcos in over 190 countries. Its innovative suite of applications 
provides customers with analytics-driven solutions for roaming and network 
services, network security, risk management, connectivity testing, and 
subscriber intelligence. Mobileum operates in a large and growing market as the 
rise of 5G and IoT accelerate the demand for solutions to manage and maintain 
complex network ecosystems, ensure consistent quality of service, and minimize 
fraud and cybersecurity threats. 

"We are excited to welcome H.I.G. Capital as a partner as we continue to build 
the leading global analytics platform for communications service providers," 
said Bobby Srinivasan, CEO of Mobileum. "H.I.G. has deep and relevant expertise 
in the sector with a strong track record. Working together, we intend to 
further Mobileum's mission to support telecom partners with market leading 
solutions and capitalize on the growth in the broader telco software sector, 
including the significant opportunities presented by 5G and private networks."

"We are firm believers in the growing importance of software-driven data 
analytics and intelligence for the telecom industry to support the monetization 
of telecom connectivity and enable its next wave of growth. Mobileum is the 
clear market leader in this space with a best-in-class product platform and is 
well-positioned at the forefront of emerging technology shifts," said Timur 
Akazhanov and Nishant Nayyar, Managing Directors at H.I.G. "We are excited to 
partner with Bobby, the Mobileum team, and Audax to accelerate technology 
investments and continue growing with our telco partners."

John Woyton, Head of H.I.G. Technology Partners commented: "We are delighted to 
invest in Mobileum. This is the first investment made by HTP, H.I.G.'s 
dedicated private equity technology platform. Mobileum is an ideal fit with our 
strategy of applying our operational expertise in partnership with management 
teams to create innovative and high-performance companies that define their 
industries."

Kirkland & Ellis LLP served as legal advisor to H.I.G. Jefferies served as 
exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to 
Mobileum. 

About Mobileum
Mobileum is a leading provider of Telecom analytics solutions for roaming, core 
network, security, risk management, domestic and international connectivity 
testing, and customer intelligence. More than 1,000 customers rely on its 
Active Intelligence platform, which provides advanced analytics solutions, 
allowing customers to connect deep network and operational intelligence with 
real-time actions that increase revenue, improve customer experience and reduce 
costs. Headquartered in Silicon Valley, Mobileum has global offices in 
Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, 
Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain United Arab Emirates, 
and the UK.

About H.I.G. Capital 
H.I.G. is a leading global alternative assets investment firm with over $47 
billion of equity capital under management.* Based in Miami, and with offices 
in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta 
in the U.S., as well as international affiliate offices in London, Hamburg, 
Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes 
in providing both debt and equity capital to small and mid-sized companies, 
utilizing a flexible and operationally focused/ value-added approach:

H.I.G.'s equity funds invest in management buyouts, recapitalizations and 
corporate carve-outs of both profitable as well as underperforming 
manufacturing and service businesses. 
H.I.G.'s debt funds invest in senior, unitranche and junior debt financing to 
companies across the size spectrum, both on a primary (direct origination) 
basis, as well as in the secondary markets. H.I.G. is also a leading CLO 
manager, through its WhiteHorse family of vehicles, and manages a publicly 
traded BDC, WhiteHorse Finance. 
H.I.G.'s real estate funds invest in value-added properties, which can benefit 
from improved asset management practices. 
H.I.G. Infrastructure focuses on making value-add and core plus investments in 
the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 
companies worldwide. The firm's current portfolio includes more than 100 
companies with combined sales in excess of $30 billion. For more information, 
please refer to the H.I.G. website at www.higcapital.com.

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SOURCE: Mobileum