Monday, June 15, 2015

Comverse Acquires Acision for $210M

After selling a major portion of its activity, Comverse is now buying.

The company announced that it has "entered into a definitive agreement to acquire Acision, a privately-held leader in secure mobile messaging and engagement services, based in Reading, United Kingdom. Comverse will acquire Acision for a purchase price consisting of approximately $135 million in cash, 3.13 million shares of Comverse’s common stock [$75M], and potential earnout payments of up to $35 million .. the new company will be led by a team comprised of executives from both organizations under the leadership of Comverse CEO Philippe Tartavull and the company will remain headquartered in Wakefield, Massachusetts, USA.

In addition to offering market-leading Cloud Multi-VAS and IP messaging solutions, the combined company will provide Service Providers, Over the Top (OTT), and Enterprise customers with a wide array of fast-growing mobile monetization, enterprise messaging and digital services in high growth segments .. The combined company’s expanded portfolio will extend into new digital application areas including data analytics, secure enterprise application-toperson (A2P) messaging, credit orchestration, two-factor authentication, and Machineto-Machine (M2M) communication as well as Rich Communication Services (RCS), WebRTC, and APIs for rapid service creation.

See "Comverse Signs Definitive Agreement to Acquire Acision; Combined Company to Extend Global Leadership in Next-Generation Digital Service Solutions" - here.

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