23 Apr, 2012, 01:51 ET
HOUSTON, April 23, 2012 /PRNewswire/ -- Validas, the world leader in global mobile intelligence, announced today that it has received a strategic investment from Huntsman Gay Global Capital, a leading middle market private equity firm. Terms of the private transaction were not disclosed.
Validas offers a unique window into 'big data' with VERA, a patented wireless decision engine, which transforms mobile billing data into actionable information in seconds, allowing enterprises to identify trends, compare patterns and change behavior. By providing a unique window into this 'big data', Validas allows clients to make better decisions and grow smarter. Validas also helps wireless operators better serve clients by bringing new operating principles, thought leadership and advanced technology to the carrier-client relationship. Validas currently services approximately one-third of the Fortune 500.
Along with the strategic capital, the company has picked up valuable human capital as part of the investment. Wireless industry veteran Ronald Garriques is joining Validas' board as chairman to help accelerate the growth of the business. Garriques is the Chairman and CEO of Gee Holdings, a Huntsman Gay portfolio company focused on opportunities in wireless technology, mobility and consumer electronics.
"This partnership with Huntsman Gay allows us to increase Validas' rate of growth in the marketplace," said Tom Pepe, CEO and Co-founder of Validas. "Huntsman Gay understands the power of our platform, and their investment not only provides confirmation of our world-class and differentiated technology and processes, but it also helps us scale our operations."
"We partnered with Validas because of the company's proven ability to unlock billions of mobile data points trapped in the wireless bill, allowing companies and carriers to react, connect, save and grow smarter," said NFL Hall of Fame quarterback Steve Young, a Managing Partner of Huntsman Gay Global Capital.
Mobility is everywhere and connectivity is a major—and growing—expense. Validas is the global leader in Mobile Intelligence. Our patented VERA platform transforms mobile billing data into actionable information in seconds, allowing every mobile user the ability to identify trends, compare patterns and change behavior. Open data. Better decisions. Smarter transparency. The Validas solution applies to all vertical ecosystems: enterprise, consumer and, uniquely, the carrier. VERA allows Mobile Operators to better serve clients, bringing new operating principles, thought leadership and advanced technology to the carrier- client relationship. Validas is privileged to currently serve one-third of the Fortune 500. For more information, visit http://www.validas.com.
About Huntsman Gay Global Capital
Huntsman Gay Global Capital is a private equity firm that brings unrivaled experience to the middle market—offering all the advantages of both a strategic and a financial buyer in one firm. Co-founded by Jon M. Huntsman, one of the world's leading industrialists, and Robert C. Gay, a former managing director of Bain Capital, the firm focuses on middle market leveraged buyouts and growth equity investments. For more information, please visit www.hgequity.com.
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