RADCOM Ltd. (Nasdaq: RDCM), today announced it has entered into a definitive agreement to acquire the technology, intellectual property, and customer agreements of Continual Ltd. (TASE: CNTL).
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.
RADCOM (Nasdaq: RDCM) is the leading expert in 5G-ready cloud-native network intelligence solutions for telecom operators transitioning to 5G.
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.
“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.”