MTS Completes Acquisition of Billing & Customer Care Provider TeleKnowledge
31 Décembre 2004 - 4:27PM
PR Newswire (US)
MTS Completes Acquisition of Billing & Customer Care Provider
TeleKnowledge RA'ANANA, Israel, Dec. 31 /PRNewswire-FirstCall/ --
MTS - Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL), a global
provider of operations support systems (OSS) for comprehensive
telecommunication management and customer care & billing
solutions, today announced that it has completed its acquisition of
substantially all of the assets and certain liabilities of
privately owned TeleKnowledge Group Ltd., a leading provider of
carrier-class billing & rating solutions. According to the
terms of the agreement, MTS will pay a maximum of $6.2 million,
consisting of approximately $2.6 million in cash (including amounts
payable to certain key executives of TeleKnowledge and various
expenses related to the transaction) and contingent payments of up
to $3.6 million dollars, depending on future revenues derived from
TeleKnowledge's technology or billing solution sales, over a period
of three years. The integration of TeleKnowledge's superior and
robust billing solution enables MTS to offer an end-to-end customer
care and billing including Pre/Post paid billing, Web Self-care,
Assets Management, Partner Management (Interconnect), Help Desk and
Order Management modules. "This acquisition is an important step in
delivering on our growth strategy and will allow us to further
capitalize on opportunities in the enterprise, service and content
provider markets. We intend to continue to support and further
develop TeleKnowledge's existing customer base," said Eytan Bar,
president and CEO of MTS. About TeleKnowledge TeleKnowledge is a
proven, global provider of carrier-class billing solutions. Founded
in 1997, TeleKnowledge offers the world's leading content- commerce
platform: Total-e Content (TM). Since inception, TeleKnowledge has
deployed its billing solutions for leading digital content
organizations in over twelve countries, providing significant
speed, flexibility, cost and other advantages over legacy and
in-house alternatives. For more information about TeleKnowledge,
visit http://www.teleknowledge.com/ About MTS Mer Telemanagement
Solutions Ltd. is a global provider of operations support systems
(OSS) for comprehensive telecommunication management and customer
care & billing solutions. MTS' OSS is a full-featured
customized solution for telecommunications management and customer
care & billing. Its telecommunications enterprise resource
planning (ERP) application suite is used by corporations and
organizations to improve the efficiency and performance of all
telecommunication and information technology (IT) operations, and
to significantly reduce associated costs. Its affordable customer
care and billing (CC&B) solutions are used by service providers
and operators to support sophisticated pre-paid and post-paid
billing, web-based self-provisioning, assets management, help desk,
order management, partners management and other revenue-generating
applications. MTS' Customer Care and Billing Solutions (CC&B)
offer centralized revenue and user management, as well as real-time
billing to operators and service providers. Headquartered in
Israel, MTS markets through wholly owned subsidiaries in the U.S.,
Hong Kong, Holland, and Brazil, and through OEM partnerships with
Siemens, Phillips, and other PABX vendors. Its legacy call
accounting solutions have been installed by over 60,000 customers
in 60 countries. MTS' shares are traded on the NASDAQ SmallCap
Market (symbol MTSL). For more information please visit the MTS web
site: http://www.mtsint.com/ Certain matters discussed in this news
release are forward-looking statements that involve a number of
risks and uncertainties including, but not limited to, risks in
product development plans and schedules, rapid technological
change, changes and delays in product approval and introduction,
customer acceptance of new products, the impact of competitive
products and pricing, market acceptance, the lengthy sales cycle,
proprietary rights of the Company and its competitors, risk of
operations in Israel, government regulations, dependence on third
parties to manufacture products, general economic conditions and
other risk factors detailed in the Company's filings with the
United States Securities and Exchange Commission. DATASOURCE: Mer
Telemanagement Solutions Ltd. CONTACT: Rachel Levine, Investor
Relations of The Anne McBride Company, Inc., +1-212-983-1702, ext.
207, or , for Mer Telemanagement Solutions Ltd. Web site:
http://www.mtsint.com/
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