TNS acquires netnumber to expand communications portfolio

Transaction Network Services (TNS) has acquired netnumber, a company specializing in phone number intelligence and registry services, to broaden its communications portfolio. According to a press release, this acquisition adds capabilities in global number intelligence, portability, routing, and digital identity verification to TNS's existing offerings. The combined entity aims to combat communications fraud, enhance voice and messaging routing accuracy, and support network IP transformation.

TNS, which offers call analytics, robocall mitigation, branded calling, and network connectivity services to communication service providers and enterprises, believes this strategic investment will significantly contribute to growth. Seth Walton, General Manager of TNS's Communications Market business, stated that the acquisition is a vital step towards expanding the company's portfolio with services that have substantial potential for development.

Steve Legge, CEO of netnumber, expressed pride in the company's achievements, noting that they have established a strong reputation as telecommunications pioneers, providing critical phone number intelligence services across the US, Canada, and over 50 other countries. The legal advisors for TNS in this transaction were Stinson LLP, while Evercore (NYSE:EVR) served as the financial adviser to netnumber, and Kirkland & Ellis LLP provided legal counsel. The financial details of the acquisition remain undisclosed.

TNS operates cloud-based platforms that process 1.9 billion daily call events to enhance network security and prevent fraud for wireless and wireline operators.