Lumine Group Enters into Agreement to Acquire Titanium Software
18 February 2023 - 12:00AM
Lumine Group Inc. (“Lumine”), an indirect subsidiary of
Constellation Software Inc. (TSX:CSU), announced today that it has
entered into a binding agreement to acquire Titanium Software
Holdings Inc (“Titanium”). Titanium provides flexible and powerful
platforms for telecommunication and government organizations to
build out global carrier networks and secure private communication
services. Closing is expected to occur in the first quarter of
2023, subject to satisfaction of customary conditions to closing as
set forth in the acquisition agreement.
Titanium’s core focus is signaling, routing, subscriber data
management, and security, allowing network operators to simplify
and virtualize their core network functions and interoperate legacy
and next-gen networks. Founded in 1998 in Lowell, Massachusetts,
today, Titanium’s solutions can be found in over 85 countries
across the globe, counting tier-1 communication service providers
as part of their group of valued customers.
“Titanium will be a welcomed addition to our growing signalling
and security software portfolio within Lumine,” said Tony Garcia,
Group Leader at Lumine. “Upon meeting the Titanium team, we were
impressed with their virtualized signalling and security
platform, offering what has traditionally
been in a private on-premise data
center. We look forward to working with the Titanium team to
build on their impressive history
and explore opportunities for further innovation
and growth. It will be fantastic
to connect with the team in-person at Mobile
World Congress in Barcelona. We invite any interested parties
to learn more about Titanium by visiting their booth at
the show.”
“We are thrilled to be bringing Titanium to Lumine Group,” said
Kevin Peters, CEO of Titanium. “Lumine is a great fit for our
innovative team and a perfect environment for our platforms. Most
importantly, this new chapter provides exciting opportunities to
increase our ability to continue serving our marquee global
customer base. We are excited to be sharing this announcement with
our customers and partners in anticipation of the industry’s
premiere event, Mobile World Congress.”
Forward Looking Statements
Certain statements herein may be “forward looking” statements
that involve known and unknown risks, uncertainties and other
factors that may cause the actual events to be materially different
from any future events expressed or implied by such forward
-looking statements. Words such as “may”, “will”, “expect”,
“believe”, “plan”, “intend”, “should”, “anticipate” and other
similar terminology are intended to identify forward looking
statements. Forward looking statements in this press release
include the intention of Lumine Group to acquire Titanium. Such
forward looking statements involve significant risks and
uncertainties, should not be read as guarantees of future results,
and will not necessarily be accurate indications of whether or not
such results will be achieved, or when such results will be
achieved. A number of factors could cause actual results to vary
significantly from the results discussed in the forward looking
statements. These forward looking statements reflect current
assumptions and expectations regarding future events and are made
as of the date hereof and Lumine Group assumes no obligation,
except as required by law, to update any forward looking statements
to reflect new events or circumstances.
About Titanium
Titanium Software’s products have served the global telecom and
government industries for over 20 years, counting the world’s top
10 largest telecom providers as part of its family of valued
customers. Becoming an industry disrupter early in its formative
years — due to its unique transformative platform — Titanium’s
solutions have been in high demand ever since and can be found in
over 85 countries across the globe. Looking ahead toward the next
evolution of technology and communications requirements, Titanium
is strategically poised to continue being among the leading
providers in the signaling, routing, subscriber and private
networks domains. To learn more about Titanium’s products, visit
TitaniumPlatform.com.
About Lumine Group
Lumine Group acquires, strengthens, and grows vertical market
software businesses in the Communications and Media industry. Learn
more at www.luminegroup.com.
Contact InformationErini AndriopoulosDirector
of Marketing, Lumine
Grouperini.andriopoulos@luminegroup.com
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