Big news is ringing out of Boston! Global telecommunications software and service provider, NetNumber, has announced the separation of its business lines to form two new powerful companies, NetNumber Global Data Services and Titanium Software.
NetNumber, a staple in the telecom industry for over 20 years, credits this strategic move to an explosive growth period and the evolution of its independent solutions portfolios. The separation unleashes each company’s ability to flourish individually with laser-focused missions and transformative solutions to meet complex security and evolving market demands.
Abry Partners’ Acquisition of NetNumber: The 4-1-1
Through the acquisition by Abry Partners, a Boston-based private equity firm with deep global communications, IoT and cybersecurity expertise, the new NetNumber Global Data Services is targeted at expanding the company’s phone number intelligence portfolio. These data innovation services deliver real-time routing and phone number data solutions to streamline operations, reduce costs and combat fraud.
The Software Spin-Out Forms Titanium Software
Simultaneously, as part of a spin-out, the software solutions suite and assets within the NetNumber umbrella, including its award-winning software platform and services that power intergenerational global telco and government networks, will now operate as an independent private company, Titanium Software.
The New NetNumber Global Data Services
The Abry Partners investment enables NetNumber Global Data Services to boost its client portfolio of value-driven partnerships with enterprises, as well as Messaging and Communication Service Providers. Steve Legge has been appointed Chief Executive Officer of NetNumber Global Data Services, leading the business into the future.
Legge joined NetNumber in 2013 as Vice President, Corporate Development, heading global partner strategies. He has served as the company’s Chief Operating Officer since 2018 and was instrumental in the company’s highly successful agile transformation and the strategic transition to cloud-native and 5G solutions, setting the stage for the next phase of growth in both businesses.
“This future-focused investment by Abry Partners signifies the power and impact our team and services continue to have on the industry. It also further bolsters our growth trajectory into existing and emerging global markets while strengthening our team of customer-focused industry pioneers to remain at the forefront for many years to come.”
– Steve Legge, CEO of NetNumber Global Data Services
Titanium Software: Leading-Edge SaaS Platforms Designed for the Future
Titanium Software is now positioned to exclusively focus on delivering advanced and reliable network solutions to its global clients, based on its enriched, state-of-the-art platform, agile and adaptive development capability, and profound deep network and security expertise. The Titanium Software company retains NetNumber’s advanced SaaS platforms, including:
- TITAN™ Centralized Signaling and Routing Control (CSRC) platform
- TITAN.IUM™, a state-of-the-art intergenerational framework for 5G that bridges legacy 2G, 3G and 4G technology to the new cloud-native era
- NetCore, designed specifically for the private networks of governments and defense and emergency response organizations
Kevin Peters, NetNumber’s President and CEO since 2018, will lead Titanium Software, serving as Chief Executive Officer. Peters has been an active member of the NetNumber Board of Directors for six years and has played an integral role in the company’s high growth strategy, transformation and success. In addition, Matt Rosenberg, long-term NetNumber executive and current Chief Revenue Officer, has been appointed Titanium Software’s President of Global Carrier and Government Business.
“We are excited to unleash this next targeted phase of growth and innovation as a leading-edge platform-based solutions provider to our premier client set. Our team’s unwavering commitment to our recent transformation fully prepared us for this launch. Over the years, our platform and portfolio have been modernized to help our customers evolve with major industry trends while always safeguarding their existing networks. Our deep network experts now innovate on behalf of our customers at an efficient, rapid and predictable pace.”
– Kevin Peters, CEO of Titanium Software
More on This Exciting NetNumber News
Macquarie Group, a global financial services firm with extensive experience in the technology sector, acted as the exclusive financial advisor to NetNumber throughout the transaction.
In the coming weeks, the companies will unveil their new NetNumber Global Data Services and Titanium Software brand assets, including modern logos and websites aligned with refreshed corporate missions and visions.
To read the full press release, click here.