Convergys Corporation (NYSE: CVG), a leader in providing customer care, human resources, and billing services, announced today its financial results for the first quarter of 2006. [Read more…]
Subex Systems Limited and Azure Solutions Merge – New Company Named Subex Azure Systems Limited
Subex Systems Limited, the global telecom software product company, and Azure Solutions Limited, the telecoms revenue assurance company, today announced an agreement to merge the two companies. The new company, to be named Subex Azure Systems Limited, will combine the two companies’ industry-leading positions as fraud management and revenue assurance systems providers and will be headed by Mr. Subash Menon, the current chairman and CEO of Subex Systems. This deal represents a big step in augmenting Subex Azure’s strategic business focus of helping telecom operators establish Revenue Operations Centers (ROC) through an integrated suite of solutions. [Read more…]
Oracle Buys Portal Software
Oracle (NASDAQ: ORCL) today announced that it will acquire Portal Software, Inc. (OTC BB: PRSF.PK), a leading global provider of billing and revenue management solutions for the communications and media industry, through a cash tender offer for $4.90 per share, or approximately $220 million.
“The combination of Oracle and Portal delivers the first end-to-end packaged enterprise software suite for the communications industry,” said Oracle’s President Charles Phillips. “We supply technology and applications to over 90% of communications companies worldwide today, and billing is a logical and complementary addition for those customers.”
Oracle has had a long commitment to the communications industry. 17 of the top 20 most profitable communications companies run Oracle applications. Additionally Oracle’s Siebel Telecom applications have become the standard for telco call centers and customer care. Oracle Database 10g is the leading relational database and TimesTen is the most widely used in-memory database for the communications industry. Oracle Fusion Middleware is the fastest growing service delivery platform for next generation networks using network independent standards. [Read more…]
Comverse to Acquire VoIP Application Leader Netcentrex SA
Comverse Technology, Inc. (NASDAQ: CMVT) today announced that Comverse Inc. has signed a definitive agreement to acquire privately-held Netcentrex S.A., for approximately $164 million in cash, subject to certain adjustments and a contingent earnout of up to an additional $16 million. The actual amount of the contingent earnout payment, if any, will be determined based upon achievement of certain financial targets by the Netcentrex business during the remainder of fiscal 2006 and for fiscal 2007. [Read more…]
Amdocs Acquires Stibo Graphic Software
Amdocs (NYSE:DOX) , the leading provider of software and services to enable integrated customer management and the intentional customer experience(TM), today announced that it has acquired Stibo Graphic Software, a leading solutions provider to European directory publishers, from Stibo A/S. The acquisition solidifies Amdocs’ position as a leader in electronic and print directory publishing solutions and positions Amdocs for continued growth in Europe.
“The European advertising and media industry — which includes print and online directory publishers and is the second-largest market after North America — is undergoing accelerated change, and this is an ideal time for Amdocs to capitalize on that change,” said Eli Gelman, executive vice president of Amdocs Management Limited. “Stibo Graphic Software’s solid reputation and proven expertise in the European market, its strong existing customer relationships, significant market share and a great team of people, complement Amdocs’ strong management, deep industry knowledge, financial backing and global resources. This acquisition puts Amdocs in a good position for continued success in the growing European advertising and media market.”
NeoMedia Completes Acquisition of BSD Software, Accelerating the Launch of its Telecom Services Business Unit
NeoMedia Technologies, Inc. (OTC BB: NEOM) an innovator in market-driven technologies, said today that it has completed the acquisition of BSD Software Inc. (OTC BB: BSDS) and its operating entity, Triton Global Services, accelerating the launch of its NeoMedia Telecom Services business unit. The acquisition, the fifth closed by NeoMedia since February and its first in the telecom industry, was an all-stock transaction, with BSD shareholders receiving approximately $2.5 million in NeoMedia shares. NeoMedia and BSD/Triton had filed a joint registration/information statement with the Securities and Exchange Commission prior to the closing. [Read more…]
Convergys to Present at Goldman Sachs Technology Investment Symposium 2006
Convergys Corporation (NYSE: CVG), a global leader in customer care, human resources, and billing services, announced today that its Chief Financial Officer, Earl Shanks, will be presenting at the Goldman Sachs Technology Investment Symposium in Phoenix. [Read more…]
Level 3 To Acquire Progress Telecom For $137 million
Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it has signed a definitive agreement to acquire all of the membership interests of Progress Telecom LLC, a regional wholesale network services company based in St. Petersburg, Florida. Progress Telecom, LLC is jointly owned by Progress Energy, Inc. (NYSE: PGN) and Odyssey Telecorp, Inc.
[Read more…]
Green Mountain Capital to Acquire Telecommunications PLC, A Leading Provider of Telecommunications Services Based in the UK
Green Mountain Capital Inc. (OTC Bulletin Board: GMCI), has authorized its common shares to be reverse split, effective January 11, 2006, on the basis of 1000 old shares for 1 new share. This authorization was approved by the stockholders in March 2005. The common shares outstanding after the effective date of the reverse split will be 899,089. In addition, the Company has agreed to acquire London based Internet Telecommunications PLC, a private company, for 23,500,000 common shares. As part of the acquisition, the Company will have raised $3,000,000. The total shares outstanding after completion of the acquisition will be 45,899,089 common shares. The outstanding preferred shares will be retired as part of the acquisition and recapitalization. The final closing is estimated to be on January 11, 2005.
[Read more…]
Intec outlines investment plans for Malaysia at KLCC Petronas Twin Towers office opening
Intec Telecom Systems, a global supplier of Business and Operational Support (BSS/OSS) solutions to the global telecoms industry, has expanded its business operations in Kuala Lumpur, Malaysia, to provide new facilities for training and supporting its many customers in the Asia Pacific region. Intec was one of the earliest multinational companies to identify Malaysia’s strong fundamentals, setting up its Asia Pacific headquarters and Centre of Excellence back in 1999. To date, its staff strength has grown to 200 in the region and its major APAC customers include Maxis and Telekom Malaysia.
[Read more…]
Platinum Equity’s Matrix Telecom Completes Acquisition of Global Crossing’s Small Business Group; Transaction Includes Long-term Carrier Services Agreement
Platinum Equity announced today that its portfolio company Matrix Telecom, Inc. has completed the acquisition of Global Crossing’s Small Business Group (SBG), which provides voice and data products to small- and medium-sized enterprise customers in the United States. In addition, Global Crossing and Matrix announced they have executed a long-term carrier services agreement under which Global Crossing will provide a full suite of voice, data and IP services to Matrix and its customers. SBG’s current product offering includes switched and dedicated voice services and data applications.
“The integration of Matrix and SBG is well underway and should be seamless for customers,” said Rob Joubran, chief operating officer and treasurer for Platinum Equity. “These two businesses complement one another extremely well, and combining them enhances the capabilities of both. Our top priority during the integration process is to maintain excellent service for customers of both Matrix and SBG.”
Global Crossing divested SBG after announcing it intended to de-emphasize certain non-core areas of its business, including the small- to medium-sized enterprise space. Platinum Equity, which often works with large corporations on non-core divestitures, identified the business as a strong complement to Matrix. A definitive agreement to sell SBG to Matrix was announced in March 2005.
“One of Platinum’s core strengths is our ability to grow existing portfolio companies through strategic add-on acquisitions that expand their capabilities, and the SBG acquisition is a great example of that,” said Matt Young, senior vice president for M&A at Platinum.
“We not only provided a divestiture solution to Global Crossing, which viewed the business as non-core, but we strengthened both SBG and Matrix by bringing them together,” Mr. Young said. “Moving forward, our M&A team will continue seeking additional acquisitions to further expand Matrix Telecom’s small- and medium-sized enterprise customer base.”
ECtel Completes Acquisition of Elron Telesoft
ECtel, a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions, announces the closing of the previously announced acquisition of Elron Telesoft, a prominent revenue assurance solution provider. This acquisition strengthens ECtel’s position as a leading provider of IRMTM and revenue assurance solutions to communications service providers (CSPs) worldwide.
About ECtel
ECtel (NASDAQ: ECTX) is a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers. A pioneering market leader for over 15 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next-generation operators to fully manage their revenue and cost processes. Led by the Company’s flagship fraud management solution FraudView(R), the ECtel IRM(TM) Product Suite features a range of fraud and revenue assurance products that minimize operator revenue leakage across the operations support system (OSS) chain. ECtel serves more than 75 customers, including prominent tier-one operators, in over 50 countries. Established in 1990, ECtel maintains offices in the Americas, Europe and Asia Pacific. For more information, visit http://www.ectel.com
ECtel Integrated Revenue Management Announces Acquisition of Revenue Assurance Solution Provider Elron Telesoft
ECtel, a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions, announced today the signing of a definitive agreement to acquire Elron Telesoft, a prominent revenue assurance solution provider. With the acquisition, which is expected to be closed at the end of the month, ECtel enhances its position in the revenue assurance market, and expands its comprehensive IRM(TM) offerings.
At the closing of the transaction, ECtel will purchase all of the outstanding share capital of Elron Telesoft Ltd. and Elron Telesoft Export Ltd. from their parent company, Elron Electronic Industries Ltd. (Nasdaq:ELRN), in consideration for US$2.1 million in cash. The seller will be entitled to receive an additional US$400,000 if certain milestones are achieved by Telesoft during 2006. The acquisition is subject to customary approvals and closing conditions.
Telesoft brings to ECtel its flagship RAP product, a cutting-edge solution that manages all revenue-related business processes for communications service providers (CSPs). RAP effectively complements CashView(R), ECtel’s best-in-class cost and revenue assurance solution for interconnect, CDR and SS7 reconciliation. This combination will allow ECtel to provide CSPs with a flexible, end-to-end solution that addresses all of their revenue assurance needs.
“Operators are facing growing revenue leakage that affects both their top and bottom line. As a result, they have made revenue assurance a top priority,” said Eitan Naor, ECtel’s President and CEO. “We are committed to offering CSPs the very best in revenue assurance solutions. As part of our long-term strategy, we are expanding our recently-launched IRM(TM) product framework with Telesoft’s RAP, an excellent product that audits and controls end-to-end revenue-related processes. We have selected Telesoft since it provides outstanding value to operators, addressing their growing revenue assurance needs.”
The acquisition strengthens ECtel’s global sales presence and tier-one customer base in the US, Western Europe, and Asia Pacific. It also significantly expands ECtel’s revenue assurance domain expertise through the addition of Telesoft’s vast industry experience.
“We are proud of our success in building a winning product that serves tier-one operators,” said Benny Yehezkel, Elron Telesoft’s CEO. “Telesoft is delighted to become an integral part of ECtel, a leading revenue assurance player. By joining forces with ECtel, we believe we are well positioned to provide the industry’s leading revenue assurance offering.”
Comverse Completes Acquisition Of The GSS Division of CSG Systems
Comverse Technology, Inc. (NASDAQ: CMVT) today announced that Comverse Inc. completed its acquisition of the GSS division and certain related assets of CSG Systems International, Inc. (NASDAQ: CSGS), for approximately $249 million in cash, subject to certain post closing adjustments. The combination of GSS, a leader in software-based billing solutions, with Comverse’s Real-Time Billing group is expected to expand significantly Comverse’s addressable market, and enhance its leadership position in the emerging converged billing market, serving wireless, wireline, cable, satellite, and Internet-based service providers.
GSS brings to Comverse a broad suite of software-based billing solutions, supporting the voice, data, video, and e-commerce offerings of approximately 150 service providers, including wireless, wireline, cable, satellite, and Internet-based companies. GSS customers include, among others, Bharti, British Sky Broadcasting, BSNL, BT, China Telecom, eBay, France Telecom, O2, Telecom Italia and certain Vodafone entities.
Kobi Alexander, Chairman and CEO of Comverse Technology, said, “We believe the emerging converged billing market is approaching an inflection point, and that a significant growth opportunity is at hand. Converged billing is expected to be among the fast growing, and ultimately one of the largest, segments of the overall billing market. This combination is projected to enhance our leadership position as a supplier of converged billing solutions, and to open up cross-selling growth opportunities for data, messaging, content, and billing solutions into our respective customer bases.”
Zeev Bregman, CEO of Comverse, the company’s network systems unit, said, “GSS complements our product portfolio, technology, customer footprint, and strategic direction. Most service providers today rely on disparate solutions for billing, including highly customized, inflexible systems serving specific customer and application segments, including prepaid, post-paid, fixed, and wireless. As services and networks converge, so too will billing solutions, addressing the different types of convergence, such as prepaid/post-paid, fixed/mobile, and data/voice. We believe that flexible, software-centric product modules, such as those provided by GSS and Comverse, are best suited to meet the needs of service providers going forward. In addition, we believe service providers will appreciate the advantages of having both value-added services and billing solutions provided by the same supplier. The advantages include faster time-to-market for new services, greater flexibility in service segmentation, modification, and targeted marketing campaigns, and lower total cost of ownership. This growth-driven initiative is expected to position Comverse for long-term leadership in the emerging and expanding converged billing market, expand our customer base and scale, enhance the leadership position of both GSS and Comverse in their respective domains, and introduce new cross-selling growth opportunities into both customer bases.”
The combination of GSS and Comverse’s Real-Time Billing group is expected to result in the creation of a leading supplier of converged billing solutions, and one of the leading overall suppliers of billing solutions for wireless and fixed service providers.
Fluke Agrees to Acquire Network Management Software Vendor Visual Networks
Visual Networks, Inc. (NASDAQ: VNWK) announced today that it has entered into a definitive agreement to be acquired by Fluke Electronics Corporation, a subsidiary of Danaher Corporation, for $1.83 per share. Visual Networks will be included in the Fluke Networks business. The closing of the transaction is subject to Visual Networks shareholder approval, regulatory approvals and other customary conditions and is expected to occur during the first quarter 2006.
Visual Networks, headquartered in Rockville, Maryland, United States, is a leading provider of network and application performance management solutions. The company’s technologies enable enterprises to reliably and securely manage the delivery and performance of key applications such as Voice over IP (VoIP) across their infrastructures. The company had revenues of $52 million in 2004.
“We are looking forward to becoming an important part of an already successful organization that is clearly focused on our enterprise management market,” said Lawrence S. Barker, Chairman, President and Chief Executive Officer of Visual Networks. “We see tremendous opportunity to meld our managed services capabilities with Fluke Networks’ successful Enterprise Division.”
Ericsson Acquires Australian Systems Integration Company TUSC
Ericsson Australia has today announced the acquisition of the Australian company TUSC, with around 80 employees, specialized in systems integration for telecommunications, utilities and enterprises. The Australian company TUSC, is a subsidiary company of Allied Technologies Group, listed on the Australian stock exchange.
This acquisition illustrates Ericsson’s (NASDAQ: ERICY) ambition to further strengthen and develop its leading position within telecommunications services and the focus areas of systems integration, telecom management and operational support systems (OSS). The TUSC acquisition also allows Ericsson to diversify its customer base into a closely related sector — utilities.
The employees from TUSC will strengthen Ericsson’s global service organization and focus on the Australian market. Hans Vestberg, Executive Vice President and head of business unit Global Services, Ericsson said, “The acquisition quickly expands the capacity and competence in Ericsson’s systems integration business.”
“We’re also very excited to enter into network management solutions for utilities infrastructure,” added Mr. Vestberg. As the industry leader within telecommunications services, Ericsson will also benefit from the strong brand name and customer relationships that TUSC has developed over the last 25 years, mainly within the operator and utility industry sector.
Ericsson has a worldwide experience from systems integration of more than 500 network management solutions, over 100 charging solutions as well as over 450 billing, mediation, activation and settlements solutions.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
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