Anam will also use the loan to build out on recent contract wins with major telecoms groups, including Telenor Group, Deutsche Telekom and Digicel Group.
Anam Chairman Darragh Kelly, Chairman said that the firm won these contracts “because it has mature technology, a methodology to drive Operator revenue, a clear customer focus, delivered by a professional team”.
“Projects of this scale require funding and we felt BMS were the ideal partner to support us on these developments,” he said.
Anam is the fastest growing, independent SMS Firewall and Application to Person (A2P) monetisation service provider in the world.
The company filters billions of messages for over 370 million mobile subscribers in more than 65 countries.
The Enterprise Ireland client company already has overseas presence in Czech Republic, Jamaica, Malaysia, Malta, the UK, Pakistan & Vietnam and currently employs over 50 people.
Investment Manager at BMS Finance Darren Hough said that Anam’s ability to secure contracts with some of the largest mobile network operators “demonstrates the quality of their R&D and superior offering to the market”.
“Our investment into Anam is a growth capital investment into a fast growing A2P SMS monetisation company,” he said.