Comverse Inc., a division of Comverse Technology Inc., said today it has finalized the acquisition of GSS, the billing software unit of CSG Systems International Inc. The transaction is valued at approximately $249 million.
GSS will be integrated with Comverses Real-Time Billing group and continue working with wireless, wireline, cable, satellite providers and ISPs.
GSS billing software supports the voice, data, video and e-commerce products of approximately 150 service providers. Some of GSSs customers are British Sky Broadcasting, China Telecom, eBay, France Telecom and O2.
Most service providers today rely on disparate solutions for billing, including highly customized, inflexible systems serving specific customer and application segments, including prepaid, post-paid, fixed, and wireless, explained Zeev Bregman, CEO of Comverse. As services and networks converge, so too will billing solutions, addressing the different types of convergence, such as prepaid/post-paid, fixed/mobile, and data/voice. We believe that flexible, software-centric product modules, such as those provided by GSS and Comverse, are best suited to meet the needs of service providers going forward.
Comverse Technology Inc. www.cmvt.com