Comverse is set to acquire Acision, a provider of secure mobile messaging and engagement services, for nearly $135 million – to strengthen its focus on digital services segment.
The price consists of nearly $135 million in cash, 3.13 million shares of Comverse’s common stock, and potential earnout payments of up to $35 million.
The new company under the leadership of Comverse CEO Philippe Tartavull will remain headquartered in Wakefield, Massachusetts, USA.
Besides Cloud Multi-VAS and IP messaging solutions, the combined company will provide mobile monetization, enterprise messaging and digital services to telecom service providers, over the top (OTT), and enterprise customers.
New digital application areas including data analytics, secure enterprise application-to-person (A2P) messaging, credit orchestration, two-factor authentication, and machine-to-machine (M2M) communication as well as rich communication services (RCS), WebRTC, and APIs for service creation will be some of the new areas of the new company.
“Acision brings mobile monetization and rich enterprise messaging solutions complementing Comverse’s digital services platform. The combined portfolio will allow us to enable our service provider and enterprise customers to monetize advanced digital services to their customers,” said Philippe Tartavull, president and chief executive officer of Comverse.
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