Subex Azure Ltd., the world’s largest vendor of revenue maximization solutions for telecom operators has announced the successful global integration of businesses, employees & products of the two merging companies – Subex Systems and Azure Solutions. The results of the integration were reflected in the strong financial performance of the new combined entity for the second quarter of FY07. [Read more…]
Oracle Acquires MetaSolv
MetaSolv, Inc. (NASDAQ: MSLV), a global leader in service fulfillment operations support system (OSS) solutions for next-generation communications service providers, has announced that Oracle Corporation (NASDAQ: ORCL) has agreed to acquire MetaSolv through a cash merger for $4.10 per share, or approximately $219.2 million. The agreement is subject to stockholder and regulatory approval and is expected to close in late 2006 or early 2007. [Read more…]
TEOCO Corporation Acquires Vibrant Solutions
TEOCO, a leading provider of cost and revenue management solutions to the communications and entertainment industries, has acquired Vibrant Solutions Carrier Cost Management and Business Intelligence business which includes: ViewLogic, Acuity and Cost of Access software systems as well as the trademarks of Vibrant Solutions and HyperAnalytics. [Read more…]
Vistula Communication Services Acquires Goodman Blue Limited
Vistula Communications Services, Inc. (“Vistula”) (OTC Bulletin Board: VSTL) (http://www.vistula.com), a global supplier of flexible and reliable Voice over IP (“VoIP”) services to major telecommunications carriers and Internet Service Providers, has acquired Goodman Blue Limited (“Goodman Blue”), a UK systems integration and software house.
Goodman Blue provides a software package that allows service providers, of any kind, to deliver real-time, self-service and fully automated, provisioning, rating, billing, service management and reporting of telecom and other services. For Vistula and its customers this software sits on the outside of V-Cube(TM)(1) so that service providers can create hands-off management of their customers’ billable activity. The Goodman Blue solution is called – Order to Cash (“O2C”). [Read more…]
Visionael Acquires Defero to Secure Position in OSS IP Service Delivery Market
Visionael Corp., a leading provider of process-oriented inventory, provisioning and activation solutions for IP service delivery, has announced the acquisition of Defero AB, a Swedish operations support system (OSS) solutions provider. The deal strengthens Visionael’s ability to support service providers in the rollout of next-generation services across IP networks. Financial terms of the deal were not disclosed. [Read more…]
Intec Completes Acquisition of EUR Systems
Intec Billing, a provider of business and operations support systems (BSS/OSS) and services to the global telecom industry, announced today the completion of its acquisition of the operating assets of outsourced billing and business process outsourcing (BPO) specialist EUR Systems. The EUR assets will be added to Intec’s existing service bureau operations in North America, to offer a comprehensive suite of end-user and wholesale billing and BPO solutions to the North American ILEC, CLEC and IXC market. The consideration, which will be paid in cash, is approximately $13.4 million*, subject to a working capital adjustment. The value of the gross assets acquired is approximately $6.6 million. EUR, which reported revenues of $36.0 million in 2005, employs approximately 230 professionals in its operations in Mechanicsburg, PA and San Antonio, TX.
Intec CEO Kevin Adams said, “Completion of this acquisition allows Intec to substantially increase its market share in the access billing space and to expand our capabilities as an outsourced billing and business process provider. We see very good synergies in this deal, which allows us to efficiently and effectively combine our outsourcing and service bureau operations under one experienced management team.”
The acquisition of EUR provides Intec with a centre of competence in outsourced billing and business services which, when combined with its existing Carrier Access Billing (CABS) and retail billing service bureaus, will make it one of the leading players in this market. The acquisition expands the Intec portfolio through the addition of a broad range of business process outsourcing services and also provides an opportunity for Intec to increase efficiency in its existing service bureau operations through economies of scale. [Read more…]
Intelligent Metering Investments in Europe to Total 3.5 Billion Until 2010
Investments in intelligent metering solutions in the European energy sector will total 3.5 billion until 2010, according to new a research report from the analysis firm Berg Insight.
“Demand for intelligent metering solutions is closely linked to energy cost”, says Tobias Ryberg, senior analyst at Berg Insight. “Already most industrial and large commercial sites are covered with intelligent metering. In a second phase we now see deployments of smart meters for residential customers in countries with high electricity prices or high electricity consumption.”
Sweden, where households use three times more electric power than the EU-average, will introduce a law that will lead to intelligent metering for all customers by 2009. [Read more…]
Ericsson Acquires Distocraft
Ericsson (NASDAQ: ERIC) has reached an agreement with Finnish company Distocraft Oy to acquire the assets of Distocraft’s business. The company, with 42 employees, specializes in software development for mobile network performance management.
Kurt Jofs, Executive Vice President and General Manager, Business Unit Access, Ericsson, says: “I am pleased to announce this acquisition. It will further strengthen our ability to support our customers with best-in-class network management, allowing them to focus on the introduction of attractive end-user services.”
With this acquisition, Ericsson will expand the capabilities of its market-leading OSS portfolio, addressing both new technologies, such as HSPA (High-Speed Packet Access), IMS (IP Multimedia Subsystem) and 3G LTE (3G Long-Term Evolution), and multivendor environments. [Read more…]
Comverse To Acquire Netonomy
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…]
Amdocs Completes Acquisition of Cramer Systems
Amdocs (NYSE: DOX) , a provider of software and services to enable integrated customer management and the intentional customer experience(TM), today announced that it completed the acquisition of Cramer Systems Group Ltd. (Cramer), a leading provider of operations support systems (OSS). Amdocs acquired all of Cramer’s shares of capital stock for approximately $375 million in cash, net of cash on hand, subject to post-closing adjustments.
“Customer feedback to Amdocs and Cramer joining forces has been overwhelmingly positive,” said Dov Baharav, chief executive officer of Amdocs Management Limited. “Service providers recognize that the combined Amdocs- Cramer solution of modular products, tailored consulting services and industry expertise will support providers seeking to reduce time to market for new services and lower the total cost of ownership of their OSS infrastructure as they take advantage of next generation networks.”
The acquisition propels Amdocs into leadership in the growing OSS space. Amdocs is now unique in its ability to support OSS transformation, and can help lower the risks and costs associated with these large-scale projects. The combined Amdocs-Cramer solution is also unique in its combination of OSS and business support systems (BSS), delivering complete visibility of the customer, the network and the service. This will help service providers transition from legacy to next generation networks and systems, and rapidly launch new converged services that quickly turn network investment into service revenue. [Read more…]
MTS Completes Acquisition of TelSoft Solutions
Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing solutions (CC&B), announced today the completion of the acquisition of the telecom expense management and call accounting software assets of TelSoft Solutions, Inc. The acquisition will expand MTS’s TEM (Telecommunications Expense Management) solution. [Read more…]
MTS Mer Telemanagement Solutions to Acquire Telecom Expense Management Assets of TelSoft Solutions
MTS, Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing solutions, has signed a definitive agreement to acquire the telecom expense management and call accounting software assets of TelSoft Solutions, Inc. of Glendale, California. The acquisition will expand MTS’ TEM (Telecommunications Expense Management) solution.
“This acquisition is in line with our business objectives and delivers on our strategy to improve our market position, accelerate growth and profitability and as a result enhance shareholder value,” said Eytan Bar, President and CEO of MTS.
Under the terms of the agreement, MTS will acquire certain assets of TelSoft and assume certain enumerated liabilities. MTS will pay TelSoft $1.1 million in cash plus earn-out payments based on revenue milestones for the 12 month period following the acquisition. The acquisition is expected to be completed on July 31, 2006. [Read more…]
Intec Billing Agrees to Acquire Outsourced Billing Company EUR Systems
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…]
Amdocs Agrees to Acquire Cramer OSS Solutions
Amdocs (NYSE: DOX), a leading provider of software and services to enable integrated customer management and the intentional customer experience, has announced that it has signed an agreement to acquire Cramer Systems Group Ltd. (“Cramer”), a leading provider of operations support systems (OSS) solutions. Under the terms of the agreement, Amdocs will acquire all of Cramer’s shares of capital stock for approximately $375 million in cash, net of cash on hand, subject to post-closing adjustments. Cramer is a growing company with more than 80 customers worldwide.
“With a quality company like Cramer, Amdocs expects to be well positioned to capitalize on the growth opportunity that OSS represents,” said Dov Baharav, chief executive officer of Amdocs Management Limited. “Together, we intend to deliver a complete automated service fulfillment solution across all lines of business — for any service, on any network — linking order management at the customer layer with activation at the network layer.”
With the acquisition, Amdocs plans to expand its service management and OSS offerings and expects to become a leader in OSS, uniquely able to support large-scale OSS transformation projects. The OSS domain is typically defined as network-facing applications supporting key service fulfillment and service assurance business processes. Cramer has a proven and tested OSS product portfolio, which includes leading products in network resource management (NRM), activation and auto discovery. [Read more…]
Billing Components Acquired by Sobha Renaissance Information Technology SRIT
Sobha Renaissance Information Technology, providers of outsourced IT business services and software products in HealthCare, Telecoms and the Enterprise space, has acquired Munich-based Billing Components AG. This strengthens SRIT’s offering in the Telecoms Operational and Business domain.
Billing Components AG are the creators of software components for the telecoms market in the areas of customer care, billing & collections, rating, usage collection, provisioning and inter-carrier reconciliation and settlements. The exact value of the acquisition was, however, not revealed. [Read more…]
BSG Clearing Solutions Acquires Business Unit From VoiceLog
BSG Clearing Solutions North America, LLC, a wholly owned subsidiary of Billing Services Group Limited (AIM: BILL), a leading clearing and settlement, payment and financial risk management solutions group, has announced the acquisition of VoiceLog, LLC’s third party verification (TPV) business. VoiceLog is the world’s leading provider of third party verification services. The all-cash deal values VoiceLog at US$15.63M and will be financed from the existing resources and facilities of the Group. The transaction closed on Friday 30th of June. [Read more…]
Subex Completes Merger of Azure Solutions
Subex Systems Limited, a Bangalore-headquartered telecom software product company and UK-headquartered Azure Solutions Limited today announced the completion of their previously announced merger. The new entity is called Subex Azure Limited and it enjoys a global leadership position in telecom fraud management and revenue assurance. [Read more…]
Comverse Completes Acquisition of Netcentrex SA
Comverse Technology, Inc. (NASDAQ: CMVT), has announced that its subsidiary, Comverse Ltd., completed its acquisition of privately-held Netcentrex S.A., for approximately $159 million in cash, subject to certain post-closing adjustments and a contingent earn out of up to $16 million based upon achievement of certain financial targets by the Netcentrex business.
The combination of Netcentrex, a leader in network-based software enabling IP-based voice-video-data (“triple-play”) and FMC (fixed-mobile convergence) solutions, with Comverse’s portfolio of value-added services and billing solutions, is expected to benefit operators deploying services in the VoIP (Voice-over-Internet Protocol) and IMS (IP Multimedia Subsystem) domains. [Read more…]
Rapid Link Signs Agreement to Acquire Telenational Communications
Rapid Link, Inc. (OTC Bulletin Board: RPID.OB), one of the leading providers of Internet Phone services to niche markets like the military, today announced signing of the definitive Stock Purchase Agreement for the acquisition of Telenational Communications, Inc. The closing of the Telenational transaction is contingent upon Rapid Link’s receipt of necessary financing to complete the acquisition. The Company is working with a well-known investment banking firm to assist it in the fundraising process and has been in ongoing discussions with a number of potential investors. Rapid Link remains confident that it will secure the necessary financing on terms that are acceptable to it within the time period required to consummate the Telenational transaction.
“We are very excited to have cleared all of the major hurdles in finalizing this acquisition,” stated John Jenkins, CEO of Rapid Link. “We can now focus on closing the financing and combining the two entities. Telenational has consistently been net income positive over the past few years which will significantly improve our bottom line going forward.”
“Operationally, this is an ideal fit bringing together two competitors who both have expertise serving military personnel. We are able to further support that strengthened position with the availability of better products through Rapid Link’s new Sysmaster VOIP system,” commented Chris Canfield, President of Telenational. “I am very excited about the future of our new combined Company, and I believe that we will be recognized as one of the premier VOIP companies specializing in niche market opportunities.” [Read more…]
Argent Networks Acquires Australian Telecommunications Solutions Company Integration Management
New Zealand technology and telecommunications company Argent Networks announced today that it has acquired Australian telecommunications solutions company Integration Management. As an operational support system (OSS) provider, Integration Management (IM) provides revenue assurance and settlement solution software to some of the largest telecommunications carriers in Australia, Asia, the Middle East and theUnited States including AAPT, Telecom NZ, Celcom of Malaysia, PLDT of the Philippines, and Indosat of Indonesia. With offices in Sydney, Singapore and Denver, Colorado, IM has a strong reputation for its technologically advanced products like in>Bill in the voice interconnect, content management and wholesale verification categories.
Argent already has a number of blue-chip clients in the Australian and New Zealand market, including Telstra and Virgin Mobile. Chris Jones, CEO of Argent Networks, says that the IM acquisition gives Argent an immediate footprint into other global markets particularly parts of Asia Pacific and the United States. “For Argent, the IM deal means we can continue grow exponentially faster in keyglobal telecommunications markets in Asia as well as expand our existing customer base throughout other parts of the world such as the Middle East where Argent is already a dominant player.” [Read more…]
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- Next Page »