Asentinel, LLC (“Asentinel”), a leading provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend, is pleased to announce that it has been acquired by Marlin Equity Partners (“Marlin”), a global investment firm with over $3 billion of capital under management and an extensive and successful track record in the technology industry.
Encompassing the entire lifecycle of wireless, wireline, data and equipment assets, Asentinel’s patented SaaS TEM solution enables its clients to efficiently manage and reduce telecom and IT expenses, automate accounting and payment processes and leverage analytics to optimize vendor contracts. Headquartered in Memphis, TN, with an additional office in Bucharest, Romania, the company serves a global client base of approximately 200 customers across a variety of industries including banking, technology, services, retail, energy, manufacturing, logistics, healthcare and insurance.
Tim Whitehorn, CEO of Asentinel, stated, “Since 2002, Asentinel has been a technology and service leader in the TEM market. With Marlin as our new strategic partner, we will aggressively pursue opportunities for innovation and expansion that will redefine the benefits of TEM solutions and further enhance the value we deliver to our clients.”
“Asentinel has developed a fully-integrated, end-to-end solution that delivers the TEM value proposition required by large enterprise clients,” said Eric Hinkle, an operating partner to Marlin. “We are excited about the growth opportunities in the global TEM industry and look forward to working with the Asentinel team to extend the company’s market leading position.”