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NEW DELHI: Comverse Technology has announced that it has signed a definitive agreement to acquire privately held Netcentrex S.A., for approximately $164 million in cash.
The agreement is subject to certain adjustments and a contingent earn out of up to an additional $16 million. The acquisition, which is expected to close by July 1, 2006, is projected to be neutral to the company’s fiscal 2006 (year ending January 31, 2007) pro forma net income.
The combination of Netcentrex, with Comverse’s portfolio of value-added multimedia messaging, content and converged billing solutions, is expected to benefit operators deploying differentiating, multimedia services in the Voice-over-Internet Protocol (VoIP) and IP Multimedia Subsystem (IMS) domains.
Kobi Alexander, chairman and CEO of Comverse Technology, said, “We believe VoIP, FMC and IMS-based communication services are poised to grow in the coming years, and that Netcentrex is well-positioned to address many of these opportunities. Together, the two companies offer a broad portfolio that enables converged voice-video-data solutions, serving wireless, fixed, cable, MVNO and Internet-based communication service providers.”
Zeev Bregman, CEO of Comverse, the company’s network systems unit, said, “Netcentrex complements our product portfolio, technology, and strategic direction. Netcentrex’s leading telco-grade application server, rich IP Centrex, Class 5 and video services and proven market position (with over 2.8M live VoIP lines), together with Comverse’s telecom VAS and billing leadership, create a synergetic, unique VoIP, FMC and IMS offering.”
Olivier Hersent, chairman and CTO of Netcentrex. “Our combined expertise will benefit both existing and new clients, and will allow all types of operators to build innovative service bundles based on IP applications.”
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