CSG Systems International (Nasdaq: CSGS) on Tuesday completed its $376 million acquisition of UK-based Intec Telecom Systems, a sign of further consolidation in the billing systems segment of the telecom industry.
Intec adds its wholesale billing and mediation services to Colorado-based CSG's customer interaction-driven management and billion solutions, increasing the services available to CSG customers. "The new product suite will include an end-to-end customer interaction management platform, combining mediation, billing, rating, charging, product catalog, customer care, web self-service, analytics, interactive messaging, interconnect services, content management, workforce management and marketing services," the company stated in a release.
"Our combined experience in helping fixed, mobile and next generation service providers meet the increasing demands and challenges that they face in providing world-class services to their customers will enable us to help our clients compete and win in this dynamic marketplace," said Peter Kalan, president and chief executive officer of CSG Systems International.
CSG announced the acquisition on Sept. 24. Because the sale did not close until well into the fourth quarter, the company is not updating its 2010 guidance to include the impact of the Intec purchase. However, 2011 guidance for the combined company will be included on its Q4 2010 earnings call.
- see the release
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