Visage Mobile, Inc.

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Visage Mobile, Inc. - overview

Established

2001

Location

Sacramento, CA, US

Primary Industry

Software

About

Visage Mobile, Inc. specializes in Telecom Expense Management (TEM), providing solutions that optimize mobile, telecom, and cloud service costs for enterprises through advanced data integration and management tools. Visage Mobile, Inc. was founded in 2001 in Sacramento, US.


The company focuses on providing Telecom Expense Management solutions. In May 2021, Visage Mobile merged with MobiChord, Inc. and Mobile Solutions Services Holdings, LLC to form Brightfin. The CEO is Mani Zarrehparvar, and the founder is Izzy Irwin-Whitworth.


The company has completed a total of 17 deals, with the most recent funding round being a Series C, amounting to USD 10. 25 mn led by Motorola Solutions Venture Capital. This funding round raised a total of USD 10. 25 mn, bringing the company's valuation to USD 30.


44 mn. Brightfin specializes in Telecom Expense Management (TEM) solutions, designed to enhance asset management and optimize costs associated with mobile, telecom, and cloud services. Their flagship product, Brightfin Sync, integrates real-time data from Unified Endpoint Management systems into a centralized Configuration Management Database within ServiceNow. This automation enables efficient tracking of devices such as laptops, mobile phones, tablets, and software.


Brightfin’s solutions cater to various sectors, providing visibility into IT expenses and streamlining workflows for enterprise clients in North America and Europe. Brightfin generates revenue through subscription-based models for its TEM solutions, with clients typically entering annual agreements. These agreements vary in pricing tiers based on the scale of operations and the specific features utilized within the Brightfin Sync platform. Their revenue model includes access to mobile and telecom expense management, invoice processing, and automated reporting tools, serving large enterprises with tailored solutions that meet their organizational needs.


This structure is further supported by partnerships with vendors and service providers. The company's recent merger in May 2021 facilitated the formation of Brightfin, and the latest funding round will support their growth strategy. Brightfin plans to enhance its product offerings, including the development of new features for the Brightfin Sync platform, along with exploring expansion into new markets across North America and Europe. The funding from the Series C round will be utilized to scale operations and support the development of innovative solutions tailored to the needs of enterprise clients.


Current Investors

Brightfin, Worldview Technology Partners, Palisades Growth Capital

Primary Industry

Software

Sub Industries

Systems Management Software, Telecoms Providers & Services

Website

www.visagemobile.com

Company Stage

Merged

Total Amount Raised

Subscriber access only

Visage Mobile, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompletedMobiChord, Inc., Mobile Solutions Services Holdings, LLC, Visage Mobile, Inc.-
Secondary BuyoutCompletedVisage Mobile, Inc.-

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