Redknee executes on its strategic growth plan by closing the acquisition of Nimbus Systems.
Redknee, a provider of business-critical billing and charging software and solutions for communications service providers, has announced the closing of its acquisition of Nimbus Systems, a privately-held company that specializes in next generation billing, content settlement and customer care. Redknee announced its intent to acquire Nimbus Systems on July 30, 2010. The closure of the acquisition will immediately increase Redknee’s presence in Tier-1 operators and will open opportunities for Redknee to expand into new geographies and other key verticals.
The technology and product synergies between Nimbus Systems and Redknee’s will see the full integration of Nimbus Systems’ solutions into Redknee’s product portfolio. It will provide a broader set of offerings to Redknee’s customers as they upgrade or replace legacy systems in order to migrate to next generation billing, charging and customer care platforms. Redknee and Nimbus Systems’ independently developed software, which includes open APIs, will ensure that Redknee’s solutions can be integrated into existing billing systems and are flexible and scalable to the evolving needs of service providers. In addition, the expanded product portfolio will enable service providers to launch more services, while reducing OPEX and time-to-market.
Lucas Skoczkowski, Redknee’s CEO commented:
“We are excited to announce the closing of this acquisition. We believe that the combined customer base, domain expertise and product portfolio of Redknee and Nimbus Systems will bring new opportunities to accelerate growth and increase our revenues and earnings. As we integrate Nimbus Systems, we will look to cross-sell each-others offerings to our existing combined customer base, while being able to offer new customers a broader range of products and services. In the future, Redknee will consider expanding into new geographies and extend our target markets around our core platform of monetization and customer care management.”
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