Sonim Technologies, a company listed on the NASDAQ stock exchange (SONM), has signed an important agreement with Social Mobile, a fast-growing tech company. As part of this deal, Social Mobile will buy most of Sonim’s assets and liabilities for $20 million in cash, including a possible extra $5 million if certain business goals are met. This deal is expected to be completed by the fourth quarter of 2025, once it receives final approvals from regulators and shareholders.
This acquisition is part of Social Mobile’s larger plan to grow in the enterprise mobility space — an area focused on creating tech solutions for businesses, like secure mobile devices and communication tools. Sonim is known for building rugged, mission-critical mobile devices that are used in industries like public safety, construction, and field services. By acquiring Sonim, Social Mobile aims to expand its own custom-built device lineup and offer even better solutions for business clients across the world.
Both companies are excited about this new chapter:
- Social Mobile’s CEO, Robert Morcos, said that this move will help them grow faster, improve their services, and bring more innovation to their products. He also highlighted that Sonim’s strong brand and technology are a great match for Social Mobile’s strengths.
- Mike Mulica, Sonim’s Board Chairman, said this deal is a smart way to bring value back to shareholders and ensure that Sonim’s products and brand continue to thrive under a trusted new owner. He mentioned that Social Mobile has a good reputation with carriers and has the right experience to grow the Sonim brand further.
Several legal and financial advisors are helping with the deal:
- Roth Capital is advising Sonim on the financial side.
- Venable, LLC is handling legal matters for Sonim.
- Blank Rome, LLP is providing legal support to Social Mobile.
Key Takeaways:
✅ What happened: Social Mobile is buying Sonim’s assets and most liabilities for $20 million.
📅 When: The deal is expected to close in Q4 2025.
📈 Why it matters: It helps Social Mobile grow in the enterprise mobility market.
🔧 What Sonim offers: Rugged and reliable mobile devices used in tough environments.
🤝 Strategic fit: Both companies aim to combine strengths to offer better, more secure tech for businesses.
💬 Leaders speak:
Social Mobile CEO: Excited about growth, innovation, and stronger product offerings.
Sonim Chairman: Sees this as a win for shareholders and the brand’s future.
⚖️ Support team: Financial and legal experts from top firms are managing the process.
About Sonim Technologies
Sonim Technologies is recognized as a prominent U.S.-based provider of rugged mobile solutions, offering durable phones, wireless internet devices, accessories, and software tailored for users operating in demanding environments. Since its establishment in 1999, the company has gained the trust of first responders, government agencies, and Fortune 500 companies. Its products are distributed through leading wireless carriers and distributors across North America, EMEA (Europe, Middle East, and Africa), and the Australia/New Zealand region. Sonim’s rugged devices are designed to support voice, data, workflow, and lifestyle applications, ensuring both performance and durability for users requiring enhanced protection in their professional and everyday activities.
About Social Mobile
Social Mobile is a prominent enterprise mobility provider known for its expertise in designing custom Internet of Things (IoT) devices for large-scale organizations across sectors such as healthcare, defense, transportation, and retail. As a certified Android Enterprise Gold partner by Google, the company delivers end-to-end mobility services—covering everything from product design and rollout to device management and support.
With a global supplier network and strategic partnerships, Social Mobile has successfully distributed over 15 million devices worldwide, consistently meeting deadlines and budget requirements. Their comprehensive supply chain solutions offer clients visibility, reliability, and reduced ownership costs.
Established in 2011 by CEO Robert Morcos, the company operates internationally with offices, warehouses, and facilities around the globe, while maintaining its headquarters in Hollywood, Florida.
