Marriott & Co. Serves as Exclusive Financial Advisor to Aegis Mobile
Columbia, Md. — Aegis Mobile, LLC, a provider of wireless compliance and consumer protection solutions for mobile payments, announced the completion of a recapitalization led by CameronBlue Capital, a McLean, VA-based private equity firm, in a transaction that closed on May 2, 2012. CameronBlue partnered with management to acquire a controlling interest in the Columbia, MD-based company, which has experienced exceptional growth since its founding in 2006. Terms of the transaction were not disclosed.
Aegis Mobile is an important service provider to the wireless industry in the emerging mobile payment markets. As a provider of compliance and consumer protection services to mobile billers, Aegis Mobile has a diverse and proprietary set of services to pre-empt deceptive advertising, “cramming”, and payment fraud targeting wireless subscribers. Its services provide additional levels of security for purchases of digital content through texting, app stores or other forms of mobile billing. Aegis Mobile works with a variety of clients, from Fortune 100 companies to smaller wireless and internet technology companies.
Rich LaPerch, co-Founder and CEO of Aegis Mobile, said, “CameronBlue Capital is the perfect partner to assist the growth and direction of our business in the wireless industry. We have an outstanding group of employees who provide tremendous operational expertise on which we can build additional mobile capabilities. CameronBlue Capital provides the access to capital, resources and industry opportunities that will accelerate our business development and overall growth, and their values on service excellence, integrity and relationships mesh extremely well with our existing culture”
“We are excited with the opportunity to invest in the future of Aegis Mobile and partner with Rich LaPerch.” said Jeff Goettman, Managing Partner of CameronBlue Capital, “Rich and his team have built a very successful business, and we share his goal of furthering the growth of the Company as Aegis Mobile expands its security and compliance solutions in the dynamic mobile billing market. With our experience in providing guidance and stewardship to growing businesses, we expect to assist the development of capabilities and strategies that will enable Aegis to achieve a greater market presence and an even higher level of operating performance.”
Baker Botts L.L.P. provided legal advice to CameronBlue on this transaction, and Lacki & Company provided legal advice to Aegis Mobile. Marriott & Co. acted as financial advisor to Aegis Mobile on this transaction.
About Aegis Mobile, LLC:
Founded in 2006, Aegis Mobile (http://www.aegismobile.com/) provides sophisticated wireless compliance and consumer protection solutions to businesses engaged in mobile billing of wireless subscribers. As a pioneer and leader in the developing and changing regulations surrounding consumer protection in the wireless industry, Aegis Mobile creates tailored solutions that enable organizations to protect their brand and customers from deceptive practices and fraud across a wide range of media. Clients include customers include tier one carriers in the US and Brazil as well as emerging mobile payment providers and wireless trade associations in the US and Canada. Aegis Mobile ranked #561 in Inc. Magazine’s 2011 500|5000 ranking of the nation’s fastest-growing private companies and was named High Tech Firm of the Year for 2011 by the Tech Council of Maryland.
About CameronBlue Capital:
Based in McLean, VA, CameronBlue Capital (http://www.cameronblue.com/) is a private equity investment firm seeking partnerships with owner-managers who are committed to building successful and enduring businesses. CameronBlue Capital targets profitable companies with revenues between $10 and $50 million in the Mid-Atlantic and Southeastern United States. Using its investment experience, industry expertise and value-added board of directors to provide guidance and oversight, CameronBlue Capital offers skilled and engaged outside resources that enable owners and managers to grow their business and achieve a higher level of operating performance.
