RADCOM Ltd. has entered into a definitive agreement to acquire the technology, intellectual property, and customer agreements of Continual Ltd.
Continual is a leading 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,” said Eyal Harari, RADCOM’s Chief Executive Officer. “This will enrich our RADCOM ACE analytics in location and mobility, helping operators optimize the subscribers’ journey while traveling. Further enhancing our 5G analytics to ensure users enjoy the best customer experiences wherever they are.”
Harari continued, “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 a leading assurance company in the 5G era and the cloud,” said 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 best-in-class solutions for leading telecom operators worldwide.”
RADCOM to Acquire Continual
RADCOM will pay up to $2.5 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.
RADCOM is the expert in 5G-ready cloud-native network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights.
The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting, and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization.