Chicago-based private equity firm Periscope Equity LLC partnered with Mobile Solutions, a provider of managed mobility software.
The partnership will accelerate the growth of mobility management and the release of new products in the telecom space.
Michael Sterl will join the Mobile Solutions management team as president with a focus on growth initiatives across sales, technology, and new product extensions.
D.A. Davidson was the financial adviser to Mobile Solutions in the transaction.
Mobile Solutions is a software as a service company providing procurement, staging and kitting, real-time expense management, business analytics and reporting, among other services.
Periscope Equity invests in technology-enabled business service companies across healthcare, marketing, outsourcing, security and software.