Lumine Group Acquires Neural Technologies
June 01 2021 - 7:05AM
Lumine Group (“Lumine”), a division of Volaris Group focused in the
communications and media vertical, today announced that it has
completed the acquisition of Neural Technologies Ltd (“Neural”), a
provider of modular revenue protection, signalling, machine
learning (ML) and artificial intelligence (AI) software for telecom
operators. Its revenue assurance suite includes capabilities for
fraud management, revenue assurance, credit-risk management,
business assurance, and anti-money laundering. Its ML and AI
capabilities assist telecom operators with data integration and
customer engagement. Neural is Lumine’s 19th acquisition, further
establishing Lumine’s position as a leading global acquirer of
communications and media software businesses.
Founded in 1991 in England, Neural’s initial years were spent
developing and patenting its Neural chip and AI modelling
capabilities. By 2000, Neural was entrenched in the telecoms
industry delivering its fraud detection and prevention solutions to
tier 1 telecom operators. During the subsequent two decades, Neural
acquired both technology and significant global market presence
through organic and inorganic growth resulting in a significant
presence in South East Asia and expansion in Western Europe.
“After building up our capabilities and brand over 30 years, we
were ready to join an ecosystem that would allow us to scale to the
next level. It was important that we selected a partner that valued
Neural’s innovation, brand, and most importantly its true assets,
customers and staff,” said David Toms, CEO and Chairman of the
Board.
“Neural first met Lumine Group at CommunicAsia in 2017. At this
time, we were intrigued by the value proposition and unique outlook
on buy-and-holding forever, allowing those acquired businesses to
define and achieve their mission through the best practices,
ecosystem and financial backing that Lumine brings to every
business,” added Ang Liang, Neural’s Chief Operations Officer.
“We are excited to add revenue protection, signalling and ML/AI
capabilities to our portfolio, complementing our existing
businesses while providing further mission-critical and high value
capabilities to our global tier 1 ecosystem of customers and
partners,” said David Nyland, President of Lumine.
About Lumine GroupLumine Group is a leading
global acquirer of communications & media software businesses.
Lumine empowers businesses to grow by providing an ecosystem with
access to a network of global, like-minded professionals,
customers, and partners. Lumine Group is a division within Volaris
Group, a subsidiary of Constellation Software Inc. (TSX:CSU). Learn
more at www.luminegroup.com and via LinkedIn.
About Volaris GroupVolaris acquires,
strengthens and grows vertical market technology companies. As an
Operating Group of Constellation Software Inc., Volaris is all
about strengthening businesses within the markets they compete and
enabling them to grow – whether that growth comes through organic
measures such as new initiatives and product development,
day-to-day business, or through complementary acquisitions. Learn
more at www.volarisgroup.com.
Contact Information Erini AndriopoulosDirector
of Marketing, Lumine Group erini.andriopoulos@luminegroup.com
Constellation Software (TSX:CSU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Constellation Software (TSX:CSU)
Historical Stock Chart
From Apr 2023 to Apr 2024