Periscope Equity invests in brightfin (formerly Mobile Solutions) with the mutual goal of growth and new product offerings.
Centennial, CO – Mobile Solutions, an award-winning provider of full life-cycle mobile expense management, and Periscope Equity (“Periscope”), a Chicago-based private equity firm focused on investments in mission-critical, technology-enabled business services companies, have announced a partnership to accelerate their shared vision for growth in mobility management and beyond.
Periscope’s investment philosophy is centered around human capital and building teams for long-term, sustainable growth. Periscope identified Managed Mobility Services as an area of thematic interest and knew after its initial meeting with the Mobile Solutions team it was the partnership they had been searching. Eric Hinkle, Principal at Periscope Equity, said, “We invest in people first and have been incredibly impressed with the team and culture of Mobile Solutions. We are excited to partner with them on this next phase of growth for the company with an initial focus on expanding our go-to-market strategy and bringing new products to market.”
Mobile Solutions set the stage for incredible growth with MAX, its innovative mobility management solution. MAX was designed from the ground up built with the user experience in mind offering in-cycle analytics and delivering a unified platform for all mobility management needs. Clients benefit from Mobile Solutions’ easy-to-use portal, 24×7 in-house service desk, and teams of mobility experts.
Looking forward, both Mobile Solutions and Periscope are excited about releasing new products in the telecom space. In the mobile-first world, the security of telecom assets and the need for subject matter experts in managing them have taken a forefront. Through this partnership, clients can rest assured that their mobility needs will be met and exceeded with bleeding-edge technology.
Jim Johnson, Co-Founder and CEO of Mobile Solutions, said, “This is truly the next chapter in our story. From the beginning, we have set out to redefine the mobility management space, and through this partnership, we will provide enhanced offerings, further automation, and far-reaching solutions in telecom. It has always been, and always will be, about providing the greatest value to our clients. We are excited about our continued success, and we are grateful to join with a partner who shares a common vision on the opportunity ahead.”
Mobile Solutions is excited to announce the addition of Michael Sterl, who will serve as President focused on growth initiatives across sales, technology, and new product extensions. Michael brings a wealth of IT services experience and knowledge of the partner community to the go-forward business. “The channel is craving a smarter approach to mobile device management and security, given the evolving business environment,” Sterl. “From our very first conversation with Jim, we had a shared vision and saw the Company’s MAX platform positioned to continue to innovate and capture market share. We plan to aggressively ramp up our partnership and referral network, which will significantly broaden our customer reach,” said Sterl.
D.A. Davidson served as the exclusive financial advisor to Mobile Solutions for this transaction.
About Periscope Equity LLC
Periscope Equity is a Chicago-based private equity firm focused on investments in technology-enabled business services companies across five key verticals: healthcare services, marketing services, outsourcing services, security services and software. Periscope specifically targets founder-owned companies with mission-critical products and service offerings, a history of sustainable profitability and known avenues to accelerate growth. In alignment with proven management teams, Periscope provides strategic, operational and commercial expertise to drive superior investment returns.
For more information, please visit http://www.periscopeequity.com