M&A Deal Summary

Enea Acquires Openwave Mobility

On February 27, 2018, Enea acquired software company Openwave Mobility from Marlin Equity Partners for 90M USD

Acquisition Highlights
  • This is Enea’s 1st transaction in the Software sector.
  • This is Enea’s largest (disclosed) transaction.
  • This is Enea’s 2nd transaction in the United States.
  • This is Enea’s 1st transaction in California.

M&A Deal Summary

Date 2018-02-27
Target Openwave Mobility
Sector Software
Buyer(s) Enea
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Openwave Mobility

Redwood City, California, United States
Openwave Mobility is a provider of software solutions to mobile carriers that address the rising costs of consumer data usage by enhancing the profitability and efficiency of IP traffic over 3G/4G mobile networks. Openwave Mobility was founded in 2001 and is based in Redwood City, California.

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Buyer(S) 1

Buyer

Enea

Kista, Sweden

Category Company
Founded 1968
Sector Software
Employees638
Revenue 913M SEK (2023)
DESCRIPTION

Enea is a provider of telecom software and services. Enea was founded in 1968 and is based in Kista, Sweden.


DEAL STATS #
Overall 4 of 5
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (California) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Qosmos

Paris, France

Qosmos is a supplier of Network Intelligence software based on Deep Packet Inspection (”DPI”) and commands a dominating share of its market. The company’s software provides detailed real-time traffic visibility, which is a critical component for applications such as mobile traffic management, cyber security, and network analytics. More than 100 telecom networks worldwide use solutions powered by Qosmos.

Buy €53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Aptilo Networks AB

Stockholm, Sweden

Aptilo Networks AB is a cloud based software company and a market ruler in solutions to manage data services to control internet access over wireless networks. Aptilo Networks was founded in 2001 and is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 28 of 63
Sector (Software) 13 of 25
Type (Add-on Acquisition) 21 of 42
State (California) 7 of 8
Country (United States) 24 of 46
Year (2018) 2 of 5
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Inkling

San Francisco, California, United States

Inkling is an enterprise software platform for field operations management that helps customers drive superior operating performance. As more businesses put mobile devices in the hands of their field teams, the company's mission is to transform and improve the way field teams operate. With two complementary products that allow end-to-end delivery of both content and tasks, Inkling's platform drives increased success in the field while providing new levels of visibility into critical operating metrics. Inkling was founded in 2009 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Virgin Pulse

Providence, Rhode Island, United States

Virgin Pulse is a provider of employee-centric solutions that drive wellbeing, culture and productivity across organizations around the world. Virgin Pulse platform is purpose built to deliver a personalized, consumer-grade user experience designed to promote health, productivity, and culture across organizations and employees. Virgin Pulse was founded in 2004 and is based in Providence, Rhode Island.

Buy -