Market Overview

Somos, Inc. Acquires Software Development and Consulting Business of 10X People

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EAST BRUNSWICK, N.J., Jan. 2, 2019 /PRNewswire/ -- Somos, Inc., a provider of trusted, neutral numbering and registry administration services for the telecommunications industry, has announced the acquisition of the software development and consulting business of 10X People, LLC, a leading provider of customized technical solutions and innovative numbering products.

The acquisition combines Somos' deep experience as a trusted number administrator with a team of forward-thinking innovators to accelerate Somos' development of new products and services. By adding 10X People's experienced software development and consulting team, Somos will enhance its focus on providing advanced, customer-focused solutions to the industry. 10X People will continue offering numbering and inventory solutions to the telecommunications and fraud prevention industries.

"10X People has a strong reputation for innovation and high-quality development in the telecommunications industry," stated Gina Perini, President and Chief Executive Officer of Somos. "We have worked closely with 10X People for many years and are thrilled to add 10X People's software development and consulting staff to our growing team."

"10X People and Somos share a vision and culture that stands for excellence," stated Lisa Marie Maxson, Managing Partner of 10X People. "The acquisition is an amazing opportunity for members of our team to contribute to major initiatives that will help advance the telecommunications industry."

About Somos, Inc.
Somos, a leading provider of trusted, neutral numbering and registry administration services for the telecommunications industry, enables data integrity and access to fuel innovation and growth. Somos services as the North American Numbering Plan Administrator and the Pooling Administrator and operates the SMS/800 Toll-Free Number (TFN) Registry to administer and route data for the 41 Million and growing Toll-Free Numbers in use today.  This service includes the Texting & Smart Services (TSS) Registry, the centralized registry to administer the use of Toll-Free Numbers for text messaging and multimedia services.  To learn more about Somos, please visit www.somos.com.

About 10X People, LLC
10X People is a innovative and disruptive provider of numbering and inventory products.  To learn more about 10X People, please visit www.10xpeople.com and www.10xnumberview.com.

Cision View original content:http://www.prnewswire.com/news-releases/somos-inc-acquires-software-development-and-consulting-business-of-10x-people-300771840.html

SOURCE Somos, Inc.

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