Comverse Technology, Inc. subsidiary, Comverse Ltd., has completed its acquisition of privately-held Netcentrex S.A., for approximately $159 million in cash.
The combination of Netcentrex, a leader in network-based software enabling IP-based voice-video-data and FMC solutions, with Comverse’s portfolio of value-added services and billing solutions, is expected to benefit operators deploying services in the VoIP and IMS (IP Multimedia Subsystem) domains.
Raz Alon, interim Chief Executive Officer of Comverse Technology, said, “The acquisition of Netcentrex is yet another example of our strategy to augment the strong product portfolio and market presence of our business units with talented people and leading technologies focused on emerging growth opportunities. Â We believe this combination opens new avenues of growth for Comverse, and strengthens its position as a leader in VoIP- and IMS-related solutions.”
Zeev Bregman, Chief Executive Officer of Comverse, Inc., the company’s network systems subsidiary, 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 three million live VoIP lines), together with Comverse Inc.’s telecom value-added services and billing leadership, create a synergetic, unique VoIP, FMC and IMS offering serving wireless, cable, fixed, MVNO and Internet-based communication service providers.”
Olivier Hersent, Chairman and CTO of Netcentrex, said, “We are pleased to join the Comverse team. We believe the combination of Comverse and Netcentrex will benefit our customers, and will enable us to be a leading provider in the emerging IMS and FMC domains.”
Netcentrex brings to Comverse, Inc. a broad suite of software-based converged voice-video-data-over-IP solutions, supporting the consumer and enterprise offerings of approximately 50 service providers, including AOL Germany, Comunitel (Tele2), Fastweb, France Telecom, Telefonica Deutschland GmbH and Tiscali.