Subex Azure Ltd., which provides revenue maximization platforms for telecom operators, said Thursday it will acquire Canadian-based OSS provider Syndesis Ltd. for $164.5 million in cash.
This is the second large acquisition for the company in less than a year as Subex Systems Ltd. and Azure Solutions Ltd. came together in a $140 million merger last spring.
Once the deal is complete, which is expected to be by March 31, Subex Azure will reorganize itself into three business units. Subex Azure, excluding business from British Telecom, will form the Revenue Mazimization Solutions division; Syndesis will be the Fulfillment and Assurance Solutions arm; and current Subex Azure business from British Telecom will form the BT Business unit.
They all will operate independently, with their own plans, account managers domain experts and support specialists, Subex Azure said.
Subex Azure Ltd. www.subexazure.com
Syndesis Ltd. www.syndesis.com
@SamsungMobile Unfolds the #GalaxyFold Fold at Unpacked, Adds #5G phone and #WiFi6 at #Unpacked2019 goo.gl/fb/W9B9Fz
February 22 2019 @ 21:34:52 UTC
.@MNJTechnologies and @MomentumTelecom made this week's list of most read stories. See who else made the list. goo.gl/fb/tLXktc
February 22 2019 @ 20:00:55 UTC
4 Reasons a Small Business Should Avoid Borrowing goo.gl/fb/2CKmQT #businessstrategy #opinions #channelpartnersinsights
February 22 2019 @ 17:19:51 UTC
.@AireSpring hires former @CenturyLink @MegaPath execs as regional #channelmanagers. #cloud #SDWAN goo.gl/fb/1nEQSQ
February 21 2019 @ 17:45:02 UTC
.@BCNTelecom1 expands its agreement with a long-time partner. goo.gl/fb/S25Sjj
February 21 2019 @ 02:23:04 UTC
RT @Channel_Expo: We're proud to announce AT&T as our Official Security Sponsor! Meet with them at #CPEXPO at booth 531 >> https://t.co/uT…
February 20 2019 @ 21:19:29 UTC
.@MomentumTelecom acquiring Metro Optical to expand portfolio. #UCaaS #SDWAN goo.gl/fb/16EkGM
February 20 2019 @ 21:10:12 UTC
What led to @MNJTechnologies winning over a customer from a major carrier? It wasn't just cost. goo.gl/fb/Zt3swJ
February 19 2019 @ 23:50:48 UTC