Intec Billing, a global provider of business and operations support systems (BSS/OSS) for fixed, mobile and next-generation networks, has announced the renewal of a multi-year, multi-million dollar Carrier Access Billing (CABS) agreement with a Tier 1 US service provider. Carrier access billing allows local service providers to charge other communications companies for access to their customer facilities. [Read more…]
Intec, a provider of software to the global telecoms industry, is has recently announced that it has agreed to acquire the operating assets of outsourced telecoms billing specialist, EUR Systems (“EUR”) of Pennsylvania, USA, from current owners Saratoga Partners.
“Intec has built a successful and profitable business in billing services and software for US carriers,” said Intec CEO Kevin Adams. “Economies of scale are important in this business, so consolidating a key competitor in the US market is a good move for us. We have already identified a number of immediate cost synergies, and we expect to be able to begin enhancing EUR’s financial performance from day one.”
The consideration, which will be paid in cash, is approximately $13.5 million*, subject to a working capital adjustment. The value of the gross assets being acquired is approximately $6.6 million. The transaction is expected to close in approximately 30 days. On closing, Intec will combine the operations of EUR into its existing North American business, and expects to be able to make the acquisition earnings enhancing in the financial year ending 30 September 2007. [Read more…]
Lymeware Corporation, an innovative provider of Telecom and security software solutions, announced a new release of its industry standard CABS Viewer billing product. The new release now supports CABS (Carrier Access Billing System) BOS (Billing Output Specifications) Version 45 (V45) and expand the capability and detail of the five supported output formats.
â€œWe at Lymeware are pleased to continue our support of the newest CABS BOS standard, as required by all the major telecom service providers,â€ said Carl Fox, Director of Sales for Lymeware. â€œThis latest product release gives our customers superior detail in their billing reports using billing data from any CABS-compliant carrier.â€