Asentinel Sees TEM Growth Looming After Being Acquired
January 14, 2015
By Rory J. Thompson, Web Editor
In the world of business, one area that’s seeing particularly strong growth is the field of Telecom Expense Management, or TEM. With more and more workers using BYOD and remote connections, telecom spending is spiraling, and companies need to keep an eye on that particular bottom line before costs escalate completely out of control.
So it made sense for both parties when it was recently announced that Asentinel (News - Alert), a provider of TEM software and complementary services that help streamline and automate fixed and mobile telecom spend, was acquired by Marlin Equity Partners, a global investment firm with more than $3 billion of capital under management, and an extensive and successful track record in the technology industry.
"Since 2002, Asentinel has been a technology and service leader in the TEM market,” said Tim Whitehorn, CEO of Asentinel. “With Marlin as our new strategic partner, we will aggressively pursue opportunities for innovation and expansion that will redefine the benefits of TEM solutions and further enhance the value we deliver to our clients."
For its part, the acquisition made sense for Marlin as well.
"Asentinel has developed a fully-integrated, end-to-end solution that delivers the TEM value proposition required by large enterprise clients," said Eric Hinkle, an operating partner at Marlin. "We are excited about the growth opportunities in the global TEM industry, and look forward to working with the Asentinel team to extend the company's market-leading position."
Asentinel meets the needs of customers by providing telecommunications lifecycle management solutions and services that are delivered through a customer-focused, technology-driven SaaS (News - Alert) technology platform, the company said in a release. Marlin Equity Partners is a global investment firm, focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs.
As such, the strength of the two entities combined should offer some much needed guidance and help for companies looking for a competitive edge in managing their telecom expenses.
Edited by Maurice Nagle