OSS companies in $8M acquisition

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GAITHERSBURG, Md.-Operations support systems solution company ACE*COMM Corp. said it has acquired 2helix, which provides network assurance, revenue optimization and business intelligence for carriers.

The acquisition amounted to about $8.3 million, consisting of about 1.74 million shares of ACE*COMM common stock and notes for about $2.85 million payable in ACE*COMM stock or cash in six months.

“Our combined company will be able to compete more effectively in the global marketplace, targeting both the carrier and enterprise sectors,” said George T. Jimenez, chairman and chief executive officer of ACE*COMM.

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