Convergys the Next Takeout Target?

Convergys (CVG Quote) could be the next obscure telecom name to be swept up in the private-equity buyout boom.

Monday's $24.7 billion takeout of Alltel(AT Quote) by TPG and Goldman Sachs(GS Quote) has investors scouring the telecommunications sector for possible targets. Some are looking closely at telecom and cable-billing and support-systems stocks, which bulls say boast strong cash flows and solid growth potential.

While Alltel is a big company by market capitalization, it's hardly a household name. In that regard it's similar to some of the other names being mulled over by telecom back-office bulls. They see Amdocs (DOX Quote), CSG Systems(CSGS Quote) and Convergys on the private-equity radar. ...