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23 March, 2016We live in times of disruption. Studies show that by 2020 nearly all the world’s adult population will be connected, with dozens of sensors and other connected devices per each human being. (more…)
22 February, 2016CSG International, announced that CSG’s current senior vice president of Global Services, Phillip Yoo, will now serve the company as president of its Global Carrier Business. (more…)
20 January, 2016In an industry as dynamic as communications, it can be hard to pin down exactly what will capture the attention of service providers and others in the space. (more…)
09 September, 2015CSG International’s Ascendon digital services platform has been chosen to power JUKE, a new entertainment portal from Media-Saturn Germany, a large European electronics retailer. (more…)
15 June, 2015Comverse has agreed to acquire Acision, a privately-held provider of in secure mobile messaging and engagement services, based in Reading, United Kingdom.
Comverse will acquire Acision for a purchase price consisting of approximately $135 million in cash, 3.13 million shares of Comverse’s common stock, and potential earnout payments of up to $35 million. In addition, Comverse will seek to maintain Acision’s existing $157 million senior credit facility following completion of the transaction.
The Boards of Directors of Comverse and Acision have approved the transaction, which, subject to satisfying closing conditions, is expected to be complete by the end of the third quarter of this year. Following completion of the transaction, the new company will be led by a team comprised of executives from both organizations under the leadership of Comverse president and chief executive Philippe Tartavull. The company will remain headquartered in Wakefield, Massachusetts, USA.
Comverse helps communication service providers (CSPs) transition to digital service providers (DSPs) and gain competitive advantage through a portfolio of solutions that help them monetise the coming fourth wave of digital services. The combined company’s expanded portfolio will extend into new digital application areas including data analytics, secure enterprise application-to-person (A2P) messaging, credit orchestration, two-factor authentication, and machine-to-Machine (M2M) communications as well as Rich Communication Services (RCS), WebRTC and APIs for rapid service creation.
“Continued consolidation in the CSP space creates the need for strong suppliers,” said Tartavull. “Our acquisition of Acision underscores Comverse’s commitment to quickly building scale and market leadership in the fast-growing digital services sector. This acquisition creates a formidable platform for innovation that is expected to serve our customers’ current and evolving needs. Acision brings a diverse portfolio of mobile monetisation and rich enterprise messaging solutions complementing Comverse’s market leading digital services platform. The combined portfolio will allow us to enable our service provider and enterprise customers to deliver and monetise a new array of advanced digital services to their customers.”
Didier Bench, the executive chairman at Acision, added: “The acquisition is in line with our growth strategy to broaden our reach and capabilities, and brings two leading companies together to deliver the very latest monetisable, rich communication services for mobile operators and enterprises worldwide. The two companies are well aligned in their respective visions and strategies, yet were operating in largely complementary markets. We believe that joining forces is in the best interests of both our customers and our employees, and our commitment to them and the products we provide will remain our highest priority.”
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