WAYNE, PENNSYLVANIA – September 24, 2019: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of Wireless Analytics, LLC (“Wireless Analytics”) to Motus, LLC (“Motus”), a portfolio investment of Thoma Bravo, LLC (“Thoma Bravo”).
Based in Danvers, MA, Wireless Analytics has led the industry in Managed Mobility Services (MMS) and Wireless Expense Management (WEM), giving large and small enterprises complete visibility into their wireless usage, spend, performance and opportunities for improvement, since 2003. Its expertise includes procurement and management of mobile assets, user support, and policy compliance. The transparency that Wireless Analytics provides empowers customers to better manage the costs associated with the ever-growing employee mobility market – and ultimately, to control spend with carriers, manage support costs and improve employee productivity.
Motus, headquartered in Boston, MA, is the leader in mileage reimbursement and driver management technologies for businesses with mobile workers and fleets of all sizes. Motus leverages deep insights captured across the world’s largest retained pool of drivers to calculate personalized and compliant vehicle reimbursements, keep drivers productive and safe, and ultimately maximize returns and minimize risk for all aspects of the mobile workforce. Motus’s expertise also underpins the annual Internal Revenue Service (IRS) business mileage standard, which is the amount an individual can deduct for business vehicle expenses.
“The Motus mobile technology team are experts in building and scaling products to serve mobile workers; making their work lives better along the way,” added Jeff Logan, Director, Product Management for Motus. “We are excited to apply this domain expertise alongside the data and expertise of Wireless Analytics as we look to impact the future of these markets.”
Falcon Capital Partners served as the exclusive sell-side advisor to Wireless Analytics. Founder Erik Eames wrote, “I am very happy with our sale to Motus and believe that the combined entity will deliver innovation to the market. We interviewed several banks and selected Falcon Capital because of their strong references, their knowledge of the technology sector in general, and more specifically their strength in the Telecom Expense Management (TEM) and Managed Mobility Services (MMS) industry areas. I was very pleased with how they managed the process and with the outcome we achieved.”
The terms of the transaction were not disclosed. The complete press release can be found here.
This transaction represents Falcon’s continued work in the Telecom Expense Management (TEM) technology and services sector. The Falcon deal team was led by Managing Director Mark Gaeto and Vice President Rob Jennings. For more information please contact Mark at firstname.lastname@example.org, 610-989-8903 or Rob at email@example.com, 610-989-8906.