Australian Software Vendor Hansen to Acquire Sigma Systems

Australian Software Vendor Hansen to Acquire Sigma Systems Image Credit: World Image/Bigstockphoto.com

Hansen Technologies, a leader in billing, data management and customer care solutions said it will be acquiring full ownership of catalog-driven software vendor Sigma Systems. Hansen Technologies is a publicly traded company listed on the Australian Stock Exchange.

According to Hansen, the acquisition of Sigma and the resulting combined product offerings of the two companies will further strengthen and expand the value proposition across the Telecom, Media, IoT, Energy and Utilities industries that the company serve. The combination of these two fast growing companies creates an even stronger organization with greater expertise, a deeper bench of talented delivery specialist, expanded R&D scale, and a broader diversification of our business across industry verticals.

Andrew Hansen, CEO, Hansen Technologies
The acquisition represents a strategic move to enhance our value proposition to the telecom, pay-tv and energy verticals. Over the course of the last ten years, we have driven an exceptional growth strategy through acquisitions, achieving a compound annual growth rate of 28% over the last 4 years. 

Tim Spencer, CEO of Sigma Systems
The acquisition of Sigma by Hansen Technologies represents two strong companies coming together, a strong combined value proposition, and the acceleration of the Sigma strategy.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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