CSG Systems International, Inc. ( NASDAQ: CSGS), a global provider of software and services-based business support solutions that help clients generate revenue and maximize customer and partner relationships, today announced the acquisition of Ascade, an independent Swedish software company who provides market-leading trading and routing software solutions to telecommunications companies globally. The total cost of the acquisition, excluding transaction fees, was approximately $19 million. The purchase price was paid in cash from CSG’s existing cash resources.
By bringing together Ascade’s flagship trading and routing solution, Ascade7, with CSG’s Wholesale Business Management Solution (WBMS), CSG firmly establishes its global leadership position in the telecommunications wholesale marketplace. The acquisition expands and strengthens its geographic presence, bringing product specialists and support resources closer to its combined 300+ wholesale customers worldwide.
“As the leading wholesale billing provider for the telecom marketplace, our clients have come to expect innovative solutions from us that help expand and enhance their business operations,” said Peter Kalan, president and chief executive officer of CSG International, Inc. “Our acquisition of Ascade will help us continue to deliver market-leading solutions that help our clients operate nimbly and efficiently. Our combined offering and global presence ensures that operators of all types – fixed, mobile, wholesale, broadband, MVNOs and ISPs – have a partner in CSG with the breadth of functionality and flexibility in delivery models to meet their current and evolving wholesale needs.”
As telecom carrier partnerships expand and become more complex, the number of VoIP carriers is also growing as is the number of wholesale relationships with third party content owners. CSG’s extensive product portfolio enables these carriers to deliver best-in-class customer service in this dynamic marketplace, with increasing automation and the greatest assurance for both their retail and wholesale revenue streams, a critical capability in this complex and ever-changing environment.