Mobileum Inc. Acquires Developing Solutions

Acquisition Expands Mobileum's Market Leadership in 5G Testing

CUPERTINO,Calif.,June 22,2021 -- Mobileum Inc.("Mobileum"),a leading global provider of analytics solutions for roaming and network services,security,risk management,testing,and monitoring,is pleased to announce that it has acquired Developing Solutions,a network testing software provider that focuses on core network testing for load and lab use cases covering 3G,4G,5G and IP Multimedia Subsystem ("IMS").

The acquisition of Developing Solutions continues Mobileum's growth strategy,building a telecom-focused analytics platform with a robust testing infrastructure and a widespread set of network interfaces,allowing operators to optimize operational efficiency and improve customer experience as they transition to 5G and next generation networks.

"The acquisition of Developing Solutions is a natural step in Mobileum's evolution,as we continue to consolidate the market and build an actionable analytics platform together with an end-to-end testing infrastructure to support telecom operators along their transformation journey. With the advent of 5G,operators must adapt to market changes faster,while still maintaining the highest standard of service performance. Therefore,it is increasingly important that carriers have integrated core testing capabilities that transcend the 5G ecosystem,and the power to monitor the performance of high-density data within a backdrop of networks that are increasingly complex,automated,and dynamic," commented Bobby Srinivasan,CEO of Mobileum.

"As the launch of 5G standalone networks,new IoT use cases,and network slicing continue to accelerate,the ability for telecom operators to fully automate the testing of new services and applications will be critical to increasing their business agility and supporting new revenue streams. By joining Mobileum,we will be able to offer our customers a fully integrated,unified solution that encompasses all of their testing needs - from the lab to the live network," commented John Minnis,CEO and Founder of Developing Solutions.

Mobileum has consistently grown its suite of analytics offerings in the years following its 2016 acquisition by Audax Private Equity. Building on 19 years of leadership in roaming,Mobileum relied on its knowledge of mobile telecommunications to develop its 'Active Intelligence' platform that empowers real-time actionable insights across roaming,fraud,and security domains.

Developing Solutions has been a long-term Mobileum partner in the testing domain. This acquisition will allow the two companies to build on their partnership and to integrate Developing Solutions' dsTest product with Mobileum's Active Testing solution,SITE. The combined solution will provide telecom operators with end-to-end testing and verification solutions for the entire network and service lifecycle,from lab to production. Mobileum's expanded offering will provide carriers with a customizable,end-to-end application testing platform that easily integrates with other automation tools and reduces operational costs by enabling modern,continuous integration and delivery with a DevOps approach.

The integration will allow automated testing in a Continuous Integration and Continuous Deployment ("CI/CD") environment,providing extensive 5G core emulation capabilities,API testing,and 5G test automation capabilities. The combination of the two companies will facilitate the development and deployment of new tests,improving flexibility and allowing users to address any 5G test scenario,leading to faster service launches and lower operational costs.

This acquisition will also strengthen Mobileum's engineering team and enhance its 5G Core Network skills and expertise,expanding its capacity to help solve some of the most complex challenges emerging at the core of the network and to serve its more than 900 customers around the globe.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston,New York,and San Francisco. Since its founding in 1999,the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies,and is currently investing out of its $3.5 billion,sixth private equity fund. Through its disciplined Buy & Build approach,Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth,optimize operations,and significantly increase equity value. With more than 250 employees and over 100 investment professionals,the firm is a leading capital partner for North American middle market companies. For more information,visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

About Developing Solutions

Developing Solutions,founded in 2002,is a test equipment firm with extensive experience in the Telecom and Datacom industries. The company is located in the DFW Metroplex. To learn more,please visit https://www.developingsolutions.com/

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics for roaming,network services,risk management and domestic and international connectivity testing. More than 900 operators rely on its Active Intelligence platform,which provides advanced analytics based solutions,enabling customers to connect operational intelligence with real-time actions that increase revenue,improve customer experience and reduce costs. Headquartered in Silicon Valley,Mobileum has global offices in Dubai,Germany,India,Portugal,Singapore and UK.

Learn more in www.mobileum.comand follow @MobileumInc on Twitter

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