Mobileum, a provider of analytics-based roaming and risk management solutions, is set to acquire WeDo Technologies.
Mobileum, which is backed by Audax Private Equity, also completed the acquisition of Evolved Intelligence in October 2018.
WeDo, which is headquartered in Lisbon, Portugal, provides risk and business management solutions for communication service providers (CSPs) globally to drive revenues, mitigate risk, and prevent fraud on their networks.
Rui Paiva is the CEO of WeDo Technologies. The company has nearly 600 employees. The company did not reveal financial details of the deal. MTN, a leading telecom operator in Africa and the Middle East, is one of the clients of WeDo Technologies.
Bobby Srinivasan, CEO of Mobileum, said: “The addition of WeDo’s product engineering, customer footprint, consulting and services teams to our existing workforce will allow us to expand the depth and breadth of our offerings.”
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.
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.