Houston-based DHI Telecom acquired Yogofi, a Singapore-based startup focused on advanced mobile Wi-Fi for global business and leisure travel.
The amount of the deal was not disclosed.
This acquisition allows DHI to gain instant growth in Asia and an ideal synergy with technology.
Founded in January 2018, Yogofi operates virtual SIM platforms for more than 16,000 mobile devices. Customers include travel agencies, co-working spaces and global MNCs.
Led by CEO Wallace Davis, DHI Telecom delivers advanced technical solutions in both private and public sectors including fiber-optic lines, satellite uplinks, mobile Wi-Fi hotspots, and the commercial Internet through contracts with the U.S. Department of Defense (DoD), the Army & Air Force Exchange Service (AAFES), and Naval Information Warfare Systems Command.
DHI launched Sapphire International Mobile Hotspots in 2017 to keep servicemen and women, and DoD contractors deployed overseas connected to the Internet with a secure signal.
Now available to the general consumer, the Sapphire Wi-Fi devices use CloudSIM technology to connect in 130+ countries to create a hotspot with up to 4G LTE speeds.
Yogofi is DHI’s fourth strategic acquisition in 12 months. The first being London-based Tep Wireless in Q4 2018, which immediately expanded DHI’s market with U.S. and U.K. business and leisure travelers. In June 2019, DHI acquired French-based Travel Wi-Fi, which provides travelers to France and Europe with rentals of portable Wi-Fi with free pickup at Paris-area airports and retail locations. In July, DHI acquired Trinus, a Wi-Fi and SIM card telecom company based in Chile.
FinSMEs
19/11/2019