Subex Azure has entered into a conditional contract to acquire Canadian firm Syndesis. Subex Azure is a leading vendor of revenue maximization solutions for telecom operators. Syndesis is a global provider of telecom OSS (Operations Support Software) solutions. The acquisitions is in the form of an all cash deal and values Syndesis at $164.5 mn (around Rs. 730 crores) based on Syndesis’ trailing twelve months (TTM) revenues of $45 mn. Subex had earlier acquired UK-headquartered Azure Solutions Limited for $140 mn in June 2006.
If completed, this acquisition will be a milestone in Subex Azure's drive to become the leading global vendor of telecom OSS solutions. Following the close of the transaction, expected on or before March 31, 2007, Syndesis will become a part of Subex Azure. The expanded Subex Azure will reorganize itself into three distinct Strategic Business Units (SBUs) - Revenue Maximization Solutions SBU, Fulfillment & Assurance Solutions SBU and BT Business SBU. The current Subex Azure business, excluding business from British Telecom, will form the first SBU, the current Syndesis business will form the second SBU and the current Subex Azure business from British Telecom will form the third SBU. These SBUs will operate as independent revenue centers, each focused on delivering on its strategic plan and each leveraging its independent resources of account managers, domain experts and support specialists for superior product delivery and customer satisfaction.
Read the Business Standard and The Economic Times articles.
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