Fergal Parkinson
Published on: July 13, 2023
• The acquisition is for 100% of the shares in Phronesis Technologies Ltd and will enable TMT to offer its existing and new customers an extended portfolio of products and data sets.
• The deal further enables TMT to expand its range of identity services and grow its customer base.
• The acquisition accelerates TMT’s ambition to be a leading provider of mobile and device intelligence globally, trusted by many of the world’s leading businesses.
17th of July 2023, London. TMT Analysis (TMT), a leading mobile number and device intelligence company has acquired UK based Phronesis Technologies Ltd. The deal enables TMT to further expand its range of products and services in the growing mobile and device identity market.
In today’s increasingly digital world, the importance of having stringent authentication and verification checks in place for organisations is becoming increasingly important across multiple industries and geographies.
The global digital identity management solutions market has grown significantly over the last few years and is projected to reach $70.8 billion by 2030. TMT’s acquisition of Phronesis marks a significant step in the firm’s journey towards cementing its position as one of the world’s go-to mobile identity companies, capitalizing on the rapidly growing market, helping businesses around the world to protect their reputations by adhering to ever-evolving regulatory requirements, and cementing trust among their customers.
“We are thrilled to welcome Phronesis into the TMT family. Over the years, Phronesis has been serving brands using smart technology to verify their users. The acquisition enables us to offer these clients richer, more enhanced insights in mobile number intelligence.”
“For TMT, this is just the first step in our mission of becoming a leading provider of mobile identity services in the global digital identity market. As the need for our solutions increases, we have seen strong organic growth and have plans for further acquisitions in the market. We’re looking forward to further enhancing our offering though this acquisition, rolling out our services to more organisations across the globe.”
“With the dangers of fraud at an all-time high it is more important than ever to offer unique mobile insight that safeguard our digital identities and protect that super important customer experience. I am delighted that Phronesis will continue to provide mobile network biometrics services as part of the wider TMT group of companies.”
Notes to editors
About TMT ID.
TMT ID is a leading provider of information and intelligence on every mobile number and devices globally. Its services are used by many of the world’s leading organisations across multiple sectors.
About Phronesis.
Using real-time data from mobile networks and devices globally, Phronesis helps businesses to positively identify new customers, authenticate users and protect transactions from identity fraud and attacks.
For more information contact Fergal Parkinson at TMT Analysis, fergal.parkinson@tmtid.com +44 (0) 7817113867.
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