Intec Telecom Systems enters retail billing market with acquisition of 'Singl.eView' billing software division for $74.5 million
Over 1000 Intec staff developing, implementing and supporting OSS family
Intec Telecom Systems has announced that it has successfully completed the $74.5 million acquisition of the 'Singl.eView' retail billing software division from ADC Telecommunications, Inc. The award-winning Singl.eView product line, widely regarded to be one of the top retail billing solutions available, is in use at over 70 Tier 1 and Tier 2 carriers in 17 countries, including Deutsche Telekom, Virgin Mobile, Hutchison 3G, SingTel Optus, and Reliance. The deal approximately doubles Intec's staff team, adding over 630 new employees worldwide, and creating a large professional services team of over 680 people.
"With the acquisition of Singl.eView, Intec now has the three key revenue generating OSS applications: retail, interconnect and content, plus three critical network facing OSS, convergent mediation, service activation, and real-time charging," said Intec Executive Chairman, Mike Frayne. "This product family, each one individually developed and proven to meet the most demanding, carrier grade requirements of Tier 1 operators, is unmatched in the OSS industry for breadth, performance, functionality and scalability. The acquisition also substantially enlarges our global presence with a total staff team of 1300 people based in 26 offices worldwide. Intec now has over 320 people in product development and over 680 in professional services, giving us a huge capability to develop and implement the most sophisticated OSS projects in the world."
The majority of the 70 active Singl.eView implementations are at larger (Tier 1 or large Tier 2) communications service providers, including Deutsche Telekom, Virgin Mobile, Reliance (India), SingTel Optus, XO Communications, Hutchison 3G, Tele2 and Inmarsat. The Singl.eView division recently won a number of awards for its products and customer installations, including the prestigious 'Best Overall Contribution to Billing', 'Best Billing Implementation - Telecoms' and 'Best Billing Implementation - Utilities' at the 2004 Global Billing Awards in London.
Intec CEO, Kevin Adams, added: "We believe this transaction makes Intec one of the leading OSS products companies in the world with over 450 customers and 600 installations, including 60% of the world's top 100 carriers. With around 1000 people developing and implementing our products we have an outstanding depth of capability to offer to customers."
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