Circles Global announced it has completed the acquisition of the Mobile Virtual Network Enabler (MVNE) business of Pareteum, a global cloud software communications platform company with operations in multiple regions around the world.
Following the completion of the acquisition, Circles Global will welcome Pareteum’s employees, partners, and customers to the Circles team. Together with Pareteum, Circles Global will work closely with them to deliver top-tier products and services across Asia Pacific, Europe, Middle East, Africa, and the Americas and to position the business for sustained future success.
Abhishek Gupta, Co-founder of Circles Global, commented, “Circles-X, our digital telco SaaS platform was built on the success of our Circles.Life digital mobile brands starting in Singapore and expanding to other APAC countries. The Pareteum acquisition will take this one step further and accelerate our ability to help telcos reinvigorate existing mobile brands and launch digital native brands with new capabilities globally. Through this acquisition, Circles Global will also expand into the Mobile Virtual Network Enabler segment, where the market is fragmented with legacy players.”
Earlier this year, Circles Global launched its Circles-X R&D centre in Singapore as the telecommunications provider aims to expand its software-as-a-service (SaaS) and 5G capabilities. Circles Global has extended its SaaS offering to enable telcos like KDDI in Japan and XL Axiata in Indonesia to launch digital brands using its proprietary Circles-X SaaS platform. This world’s first cloud native, full stack digital telco platform provides global telcos with a best-in-class experience and an ecosystem of digital services to its customers, empowering the telcos to deliver game changing outcomes such as sizable improvements in NPS, ARPU, operating cost and agility for telcos.