RADCOM Ltd. has announced it has entered into an agreement to acquire technology, intellectual property, and customer agreements of Continual Ltd. Continual is a mobility experience analytics company that uses Artificial Intelligence (AI) and Machine Learning (ML) to deliver advanced insights to help telecom operators improve their subscribers’ mobility experience.
“We are excited to welcome onboard the Continual employees and their advanced technology,” says Eyal Harari, RADCOM’s chief executive officer. “This will enrich our RADCOM ACE analytics in location and mobility, helping operators optimise the subscribers’ journey while traveling. Further enhancing our 5G analytics to ensure users enjoy the best customer experiences wherever they are.”
Mr. Harari continues, “To complement our innovative platform, we always look for opportunities to accelerate growth, increase our unique offering and attain access to additional accounts. This transaction represents another step in supporting our growth strategy.”
“The Continual team is thrilled to be joining RADCOM as an assurance company in the 5G era and the cloud,” says Omer Geva, Continual’s co-founder and chairman. “With 5G beginning to roll out and subscriber expectations of always-on connectivity, adding our mobility analytics to RADCOM’s already rich assurance portfolio will strengthen its capabilities as it develops solutions for telecom operators worldwide.”
RADCOM will pay up to $2.5 million (€2.35 million) in cash for this transaction which is expected to close within three months, pending the satisfaction of customary and transaction-specific closing conditions and regulatory approvals. We expect revenue from Continual in 2023 to be less than 5% of our total annual revenue.
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