Internap Holding (INAP), a global supplier of data center services, hosting, and cloud solutions, has sold Ubersmith to Lumine Group – a division of Volaris Group focused on the communications and media vertical.
Ubersmith is a subscription business management software firm that provides cloud, data center, SaaS, and other companies with mission-critical features for billing, device management, support tickets, and customer relationship management. Ubersmith is Lumine’s 20th acquisition, solidifying the company’s status as a ‘carve out’ expert and top global buyer of communications and media software companies.
Financial details of this acquisition were not disclosed. In this transaction, Alantra LLC acted as INAP’s exclusive financial advisor.
“As part of Lumine Group’s global ecosystem, Ubersmith’s open and scalable billing, infrastructure and customer management platform is well-positioned for success,” said Kurt Daniel, CEO of Ubersmith. “We have more than 100 active customers globally that subscribe to our subscription business management software suite as the central nervous system of their operations and now as part of Lumine we see a business acceleration opportunity to expand our position in the cloud, data center, SaaS and related markets.”
Billing and Customer Management
Ubersmith supports recurring and usage-based pricing for cloud services, bandwidth, virtualization, backup, power, and support, among other things. More than 100 built-in software, hardware, and service connections are available, as well as a plugin system and application programming interface (API) for further customization and integration.
Ubersmith was formerly known as CBMS and was built as an in-house billing solution for enterprise cloud and hosting provider Voxel. It was founded in 1999 and is located in New York City. Recognizing the significance of the created software, Voxel established a separate business entity to market it for external sales.
“We are excited to welcome this new billing and customer management dimension to Lumine,” said Tony Garcia, group leader of monetization at Lumine. “It reinforces our vision and customers strategy that immense cloud-based communications infrastructure services will require dedicated real-time specialist usage and infrastructure device management.”