Vodafone Global Enterprise, the business within Vodafone that manages the communication needs of its largest multinational customers, has announced the acquisitions of two telecom expense management (TEM) companies, Quickcomm and TnT Expense Management.
Multinational companies require full visibility and control of both fixed line and mobile spending as they grow, shrink or change the scope of their operations. Vodafone Global Enterprise already has a strong track record in expense management and these two acquisitions will help Vodafone improve that ability, it claimed.
Quickcomm, a developer of TEM software, is headquartered in Sydney, Australia, and has offices in the US, UK and Singapore. Quickcomm will continue to sell and provide ongoing support for its products, as well as becoming a fully integrated part of the Vodafone Telecoms Management solution.
TnT Expense Management is a services provider of TEM. It is headquartered in Sandy Hook, Connecticut, US, and has offices in New York, the UK, Germany and France. Its managed telecoms expense service, based on expert analysis as well as automated bill processing, will be a strong addition to Vodafone Global Enterprise’s existing services team, the telco noted.
The value of the gross assets being acquired are $6.9 million for Quickcomm and $2.8 million for TnT Expense Management.
“Our 570 multinational corporate customers tell us that they want Vodafone Global Enterprise to help them reduce cost, increase visibility and improve management control across their global footprint,” said Nick Jeffery, CEO of Vodafone Global Enterprise. “These acquisitions will benefit our customers by providing even greater visibility and control of their fixed and mobile spend and this, in turn, will further the business case for multinationals to adopt unified communications solutions.”