Comverse, today announced that it has entered into an agreement to acquire UK-based Acision, a privately-held leader in secure mobile messaging and engagement services for approximately $135 million in cash to strengthen its digital services portfolio. The new company will be led by a team comprised of executives from both organizations under the leadership of Comverse's CEO Philippe Tartavull.
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-to-person (A2P) messaging, credit orchestration, two-factor authentication, and Machine-to-Machine (M2M) communication as well as Rich Communication Services (RCS), WebRTC, and APIs for rapid service creation.
Philippe Tartavull, President and Chief Executive Officer, Comverse
This acquisition creates a formidable platform for innovation that is expected to serve our customers' current and evolving needs. Acision brings a diverse portfolio of mobile monetization and rich enterprise messaging solutions complementing Comverse's market leading digital services platform. The combined portfolio will allow us to enable our service provider and enterprise customers to deliver and monetize a new array of advanced digital services to their customers.
Didier Bench, Executive Chairman at Acision
Today's acquisition is in line with our growth strategy to broaden our reach and capabilities, and brings two leading companies together to deliver the very latest monetizable, rich communication services for mobile operators and enterprises worldwide. The two companies are well aligned in their respective visions and strategies, yet were operating in largely complementary markets.
