Global Telco Consult (GTC), a renowned independent telecom and A2P messaging consultancy firm, has announced its majority stake acquisition of Oofty LLC, a Los Angeles-based company specialising in Digital Identity within the telecom sector. This acquisition is a strategic addition to GTC’s already robust telco consultancy portfolio, underscoring its commitment to expanding its global expertise and influence as a trusted telecom consultancy leader.
José García, founder and CEO of GTC, stated in regards to the acquisition:
“While messaging is still the predominant technology for verifying the identity of users, authentication requires solutions beyond legacy options such as user credentials or one-time passwords. Hence, our key strategic objective is to integrate Mobile Identity technologies into GTC’s existing consultancy portfolio by acquiring US-based Oofty LLC. I want to thank Guillaume and his team for their trust and effort in turning this vision into a reality.”
This strategic move highlights GTC’s dedication to staying ahead of the evolving messaging landscape, particularly in the realm of A2P messaging and authentication. The merger aims to equip telcos with the necessary tools to navigate the complexities of modern digital communication, ensuring a seamless mobile identity experience for consumers.
Guillaume Bourcy, founder of Oofty LLC, commented on the acquisition:
“Through this majority stake acquisition from GTC, we see this as a clear signal towards the telcos market; they need to expand their footprint to create a safer digital experience and journey for enterprises and their consumers. This marks a multimillion-dollar investment commitment aimed at empowering our combined customer base, enabling their expansion, and positioning them to seize the $49.6 billion digital identity market opportunity by 2026.”
Bourcy added, “In collaboration with GTC’s executive team, we have found common ground and shared a unified market perspective; we want to help customers on both sides to benefit directly from this merger.”
Following the merger, Guillaume Bourcy will assume the role of Chief Identity Officer and become a new partner at GTC. The Oofty team will integrate seamlessly into GTC’s team in the coming weeks.
To discover more about GTC’s Mobile Identity Consultancy Services, please visit their website.
