Tuesday, 12 December 2017

Saffelberg makes strategic investment in Effortel

Effortel
Tuesday 09 August 16

Effortel (www.effortel.com), a globally leading Mobile Virtual Network Enabler, announces an accelerated global expansion strategy with Saffelberg Investments (www.saffelberg.com), one of the largest and most active Belgian private equity funds, becoming a strategic investor in Effortel. Following Saffelberg&rsquo…

Effortel (www.effortel.com), a globally leading Mobile Virtual Network Enabler, announces an accelerated global expansion strategy with Saffelberg Investments (www.saffelberg.com), one of the largest and most active Belgian private equity funds, becoming a strategic investor in Effortel. Following Saffelberg’s entry, both BNPPF and ING also agreed to support Effortel’s international expansion.

Effortel, a Brussels-based telecommunications specialist, has been aggressively expanding across Europe, the Middle East, South East Asia and Africa in the past 9 years. Effortel provides telecom enablement services to blue chip corporations, with companies like Voo Belgium, Carrefour Belgium and Carrefour Taiwan, Vodafone, Globe (Philippines), Total, and Equity Bank (Kenya) among the customers. Effortel manages almost 3 million subscribers on its enablement platform.

Effortel provides turn-key telecom solutions for non-telecom companies and brands, which require launching their own mobile services. Effortel provides a full managed service covering most of mobile operations’ value chain, including billing, rating, business support systems and CRM. Effortel has launched 14 mobile virtual network operators across the globe. Effortel is also a recognised global expert in the field, as proven by Effortel’s robust consulting services arm, with clients like Israel Post, Globe Telecom and Alon Group.

Jos Sluys, CEO Saffelberg Investments says: “Effortel’s success in launching, developing and running efficient mobile virtual operators around the globe, as well proven technology and ability to operate in high growth developing markets attracted our attention. We believe that, as a new shareholder known for its long-term commitments to our participations, we will provide Effortel with an opportunity to grow and expand even faster. The pipeline of opportunities looks good and Effortel’s technology proves both highly competitive and differentiating in its specialised markets.”

Arkadi Panitch, CEO of Effortel says: “A strategic shareholder like Saffelberg Investments is immensely important to our further growth, providing investment, credibility and support in business development, which is critical as Effortel enters new markets such as Latin and North America.”


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