Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), and the world’s leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, has announced that it has signed an agreement to acquire privately-held Netonomy for approximately $19 million in cash.
Raz Alon, interim CEO of Comverse Technology, said, “This acquisition is in line with our strategic efforts to continually enhance Comverse’s Total Communication Product Portfolio’s ability to generate revenues, strengthen customer loyalty and improve operational efficiency for communication service providers.”
Netonomy, a leader in customer self-service, bill analysis and point of sale (POS) solutions, extends Comverse’s portfolio of real-time billing and customer management solutions for communication service providers by adding additional tools to increase efficiency and enhance the end-customer experience. [Read more…]
