S'pore tech firm said to be weighing sale of Circles.Life

Circles Global, a technology company whose backers include private equity firm Warburg Pincus, is considering a sale of its digital telecommunications services provider Circles.Life amid interest from prospective investors, according to people familiar with the matter.

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The Singapore-based company is working with a financial adviser as it evaluates a potential sale that could value Circles.Life at a few hundred million dollars, the people said, asking not to be identified because the process is private.

Circles Global plans to retain its software-as-a-service platform, which helps telecoms companies launch and operate digital brands, the people said.