ECtel IRM Market Position Expected to be Strengthened with Acquisition of Compwise Assets
Approximate $1.3m deal to increase ECtel’s ability to address revenue and profit margin management for communication service providers
ECtel Ltd announced today that it acquired substantially all assets of Israel-based Compwise, a provider of business analytic solutions for telecommunication operators, for approximately $1.3 million.
The acquisition is expected to expand and strengthen ECtel’s market leading Integrated Revenue Management™ product suite, as well as expand its customer base. The acquisition is expected to be accretive to earnings.
Compwise’s products provide innovative business intelligence solutions for telecommunications service providers. Their unique analytical approach enables operators to maximize tariff profitability, improve retention of profitable customers, and detect revenue leakage.
The firm will merge Compwise’s products into ECtel’s leading IRM platform, further enhancing the Company’s offering as a one-stop revenue management solution. Under terms of the acquisition, ECtel will continue to provide revenue management services and support to Compwise’s current clients, which include some of the leading and most well-known telecom service providers around the world.
“By incorporating Compwise’s product offering, ECtel will further improve its ability to assist telcos with their revenue management efforts,” said Itzik Weinstein, CEO of ECtel. “This transaction showcases our long-term commitment to provide our customers with the most innovative and complete revenue management solution available in the market today.”
“The acquisition is well aligned with our long-term growth strategy, which focuses on solid execution, innovation and M&A activity,” Weinstein added. “Compwise’s products add a set of business intelligence capabilities that will enable the operator to address pricing and profitability, customer retention, marketing campaigns, and rating & billing assurance.”
About ECtel
ECtel, (NASDAQ:ECTX), is a leading global provider of Integrated Revenue Management (IRM) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, and converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices in the Americas and Europe.
For more information, please visit their website: http://www.ectel.com
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