Francisco Partners sells Lumata to Evolving Systems

Francisco Partners has sold Lumata, a provider of real-time loyalty and customer life cycle management software and services, to Evolving Systems Inc. No financial terms were disclosed. Lincoln International advised Francisco on the transaction.


LONDON, UK – Lincoln International (“Lincoln”), a leading global mid-market investment bank, is delighted to have represented the shareholders of Lumata Holdings Limited (“Lumata” or the “Company”) in its sale to Evolving Systems, Inc. (“Evolving”).

Lumata is a next generation provider of real-time loyalty and customer lifecycle management software and services. It delivers tools and marketing expertise that enable mobile network operators to unlock the value of their customer data, reducing customer churn and improving operational and financial KPIs. Lumata’s reputation for innovation has created longstanding relationships with many of the sector’s leading names including Orange and Telefonica as well regional operators in Europe, Africa, the Caribbean, the Middle East and Asia.

Lincoln acted as the exclusive financial adviser to the shareholders of Lumata, working closely with the shareholders and the management team. Lincoln provided guidance on strategic buyer options, prepared the marketing materials and approached a targeted list of potential trade purchasers before managing a competitive auction process. This process confirmed Lumata’s broad appeal to potential buyers around the globe, including North America, Europe, India and the Far East.

Tom Buehlmann, CEO Lumata Group, said:
“I’d like to thank the Lincoln team for their expertise, professionalism and support throughout the sale process. Lumata has found the right home and is well placed to flourish under Evolving’s ownership.”

Edward Lethbridge, UK Head of Business Services at Lincoln International, commented:
“The sale of Lumata was a strategically important transaction for Lincoln, furthering our position as a leading advisor to tech-enabled services companies with a global buyer audience.”

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint venture and partnering advisory services on a wide range of transaction sizes. With nineteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior level attention, in depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

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