AGNITY Acquired by TNS
Bowen Serves as M&A Advisor to AGNITY
BOSTON, August 11, 2022 – Bowen is pleased to announce that AGNITY Global, Inc. has been acquired by Transaction Network Services, Inc. (“TNS”), a subsidiary of Koch Equity Development. Bowen acted as the exclusive M&A advisor to AGNITY.
AGNITY is a long-time leader in mobile infrastructure software, powering the customer-facing services, signaling, and billing of some of the world’s largest and best-known mobile operators. More recently, AGNITY introduced advanced 5G billing and fraud prevention solutions that are foundational to 5G customer experience and carrier revenue security. TNS is a leading global provider of Infrastructure-as-a-Service solutions to the communications, payments and financial markets.
“I am very happy to have AGNITY join forces with TNS,” said Sanjeev Chawla, founder and CEO of AGNITY Global. “As a long-time entrepreneur, finding the right partner that shares my vision for growing the business and the future of mobile was very important to me. Bowen was a trusted partner throughout the process, providing strategic guidance and moving the transaction to a successful conclusion.”
“Signaling, service portability, billing and security are largely out of sight yet are critical to every mobile network. High-speed 5G will place even more demands on these service delivery components,” said Bill Rich, Managing Director. “AGNITY’s widely-deployed software and deep, global customer relationships complement and extend TNS’ service-provider portfolio as 5G and IoT are rolling out at scale. Our Cloud & CX team continues a long tradition of being a leading advisor to network infrastructure companies globally.”
Click here for TNS’ press release.