The amount of the transaction was not disclosed.
The company intends to use the proceeds to increase its rate of growth in the marketplace.
Led by CEO and Co-founder Tom Pepe, Validas offers VERA, a patented wireless decision engine designed to transform mobile billing data into actionable information, allowing enterprises to identify trends, compare patterns and change behavior. The solution applies to all vertical ecosystems including enterprise, consumer and, the carrier.
The company currently services approximately one-third of the Fortune 500.
In addition, wireless industry veteran Ronald Garriques, the Chairman and CEO of Gee Holdings, a Huntsman Gay portfolio company focused on opportunities in wireless technology, mobility and consumer electronics, is joining Validas’ board as chairman to help accelerate the growth of the business.