Comverse touts digital messaging platform benefits of $245M deal
Comverse announced plans to acquire privately held Acision for approximately $245 million in a move to bolster its digital services business. U.K.-based Acision provides mobile messaging and engagement services, and is used by a number of mobile operators including Sprint.
The purchase price includes $135 million in cash, up to $35 million in “earnout” payments and 3.13 million shares of Comverse common stock, which was trading at near $24 per share. The boards of directors at both companies have approved the deal, with an expected closing by the end of the third quarter.
Comverse said the combined operations would target service providers, over-the-top players and enterprise customers with messaging solutions serving high-growth segments. The offerings are said to include data analytics, secure enterprise application-to-person messaging, credit orchestration, two-factor authentication, machine-to-machine communication, rich communication services, WebRTC support and APIs for “rapid service creation.”
Comverse was recently part of an award-winning collaboration at the TM Forum Live event in Nice, France, where it partnered with AT&T, Verizon, Orange, BT, Vodafone, NTT, EnterpriseWeb and DGIT on a solution called “Dynamic APIs for the Connected Carrier.”
Comverse late last year acquired Spain-based Solaiemes, which focuses on allowing telecom service providers to monetize IP-based digital services. Comverse said the Solaiemes portfolio would be combined with its Evolve Communications Suite to create an “end-to-end platform for service monetization of IP-based digital services.”
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