Lumine Group snaps up connectivity monetisation firm TOMIA

Someone counting a fan of US dollars.
Lumine Group snaps up connectivity monetisation firm TOMIA
Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette.

Lumine Group, a division of Volaris Group focused on the communications and media vertical, has acquired TOMIA, an innovator in global connectivity monetisation solutions.

TOMIA’s software optimises and orchestrates critical inter-carrier business processes including data and financial clearing, network roaming, real-time campaign management and interconnect solutions.

Many of the industry’s leading service providers are said to rely on TOMIA’s technology to monetize customers and optimize network traffic by providing a unified view of the end-to-end connectivity process, margins, and customer journey. The company has operated in various forms for nearly 30 years and boasts more than 400 deployments worldwide, processing billions of real-time transactions monthly.

Gary McIIraith, executive chairman of TOMIA, said: “Lumine Group’s acquisition approach and buy and hold philosophy provides us with a solid foundation on which to build our company and deliver continued success. We are excited about the next growth chapter for TOMIA and are proud to become part of the Lumine communications global ecosystem. Operating as an autonomous business within Lumine Group, we remain laser focused on achieving our vision and serving our customers’ most critical needs.”

David Sharpley, group leader at Lumine added: “TOMIA’s diverse, proven and mission-critical communications software suite, and long-term customer relationships complement Lumine’s software ecosystem. We look to build upon TOMIA’s heritage of success and propel its next phase of growth driven by the market evolution toward 5G, IoT and cloud technologies. We welcome TOMIA’s customers, partners, and employees to the Lumine family.”

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