Yogofi, a virtual SIM platforms provider based in Singapore, reportedly has been acquired by DHI Telecom (DHI), Houston-based advanced technical solutions provider, as reported by BusinessWire.
DHI Telecom CEO Wallace Davis said: “We picked Yogofi for their incredible growth in the Asian mobile data market and their cloud-based virtual SIM platform. Yogofi’s B2C travel agency network in Asia is an ideal fit for our portfolio.”
According to DHI, this acquisition allows DHI to gain instant growth in Asia and an ideal synergy with technology.
Yogofi was founded in January 2018, it operates virtual SIM platforms for customers like travel agencies, co-working spaces, and global MNCs. Their top five mobile data markets are Europe, Japan, Singapore, the U.S., and South Korea.
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Yogofi was one of the TOP100 Startups in Echelon Asia Summit 2019.
Yogofi President Kelvin See said: “In addition to our common passion for global, mobile Wi-Fi technologies, our companies also share a commitment to employee and customer satisfaction, which will enable us to transform internet connectivity around the world with this acquisition.”
Yogofi is DHI’s fourth strategic acquisition in 12 months. The first being London-based Tep Wireless in Q4 2018, which 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 bought Trinus, a Wi-Fi and SIM card telecom company based in Chile with a growing commercial travel business model.
Also Read: This startup wants to help travellers easily access WiFi and 4G networks overseas
As an advanced technical solutions provider, DHI Telecom caters to both private and public sectors’ needs of 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.
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Photo by Ross Sneddon on Unsplash
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