Back office vendor Netcracker has acquired Convergys’ information management business for €338 million.

Andrew Feinberg, president and CEO of Netcracker, a subsidiary of NEC, said the deal was in response to “the traditional definition and requirements of BSS changing very quickly”.

He added: “Innovative BSS is the foundation of differentiation and long-term success, as service providers increasingly compete by offering new, unique services and customer experience as opposed to connectivity alone.”

Netcracker claimed it will now become a telecom software-focused business that is “unprecedented in its scale and size”.

Sanjay Mewada, Netcracker’s VP of strategy, said the company would provide operators with end-to-end, product-driven software solutions through a fully converged and real time B/OSS platform.

In particular, the deal would help operators to reduce costs, monetise data and exploit growth in new areas such as m-commerce and M2M, he added.

However, the company is also looking at other industry verticals as the deal includes Convergys’ Smart Revenue Solutions, which are applicable to the cable, satellite, broadband, utilities and logistics markets.

The deal leaves Convergys to focus on its customer management solutions.

“NEC is acquiring a well recognised business, with solid client relationships, a strong solutions portfolio, and very talented base of employees,” said Jeff Fox, president and CEO of Convergys.

 

More News

Telefónica and Ericsson to bring 4G to parts of the Amazon Telefónica and Ericsson to bring 4G to parts of the Amazon Telefónica Peru and Ericsson have embarked on a project to bring 4G connectivity to communities in the Amazon rainforest.  More detail
Iliad founder scoops up Orange Switzerland for €2.3 billion Iliad founder scoops up Orange Switzerland for €2.3 billion NJJ Capital, the personal holding company of French telecoms tycoon Xavier Niel, has agreed to buy Orange Switzerland from private equity firm Apax Partners for CHF €2.8 billion (€2.3 billion).  More detail
BASE blames government for digital TV exit BASE blames government for digital TV exit Belgian operator BASE is exiting the digital television market, claiming it cannot make its SNOW product work pay off because of "negative" government intervention. More detail
SFR pens in-flight roaming deal with AeroMobile SFR pens in-flight roaming deal with AeroMobile SFR has entered a roaming agreement with in-flight mobile operator AeroMobile to provide connectivity services to customers during flights. More detail
Orange Business Services over the moon as ESA enters cloud space Orange Business Services over the moon as ESA enters cloud space Orange Business Services has been selected to deploy and manage the European Space Agency’s (ESA) private cloud.  More detail
    

This website uses cookies to improve your experience. Using our website, you agree to our use of cookies

Learn more

I understand

About cookies

This website uses cookies. By using this website and agreeing to this policy, you consent to SJP Business Media's use of cookies in accordance with the terms of this policy.

Cookies are files sent by web servers to web browsers, and stored by the web browsers.

The information is then sent back to the server each time the browser requests a page from the server. This enables a web server to identify and track web browsers.

There are two main kinds of cookies: session cookies and persistent cookies. Session cookies are deleted from your computer when you close your browser, whereas persistent cookies remain stored on your computer until deleted, or until they reach their expiry date.

Refusing cookies

Most browsers allow you to refuse to accept cookies.

In Internet Explorer, you can refuse all cookies by clicking “Tools”, “Internet Options”, “Privacy”, and selecting “Block all cookies” using the sliding selector.

In Firefox, you can adjust your cookies settings by clicking “Tools”, “Options” and “Privacy”.

Blocking cookies will have a negative impact upon the usability of some websites.

Credit

This document was created using a Contractology template available at http://www.freenetlaw.com.