MTS to Acquire Telecom Expense Management Assets of TelSoft Solutions, Inc.
26 Juillet 2006 - 3:00PM
PR Newswire (US)
Expands MTS' Line of Telecommunications Expense Management Products
Into New Market Segment and Broadens Customer Base RA'ANANA, Israel
and FAIR LAWN, New Jersey, July 26 /PRNewswire-FirstCall/ -- MTS -
Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a
global provider of business support systems (BSS) for comprehensive
telecommunication management and customer care & billing
solutions, has signed a definitive agreement to acquire the telecom
expense management and call accounting software assets of TelSoft
Solutions, Inc. of Glendale, California. The acquisition will
expand MTS' TEM (Telecommunications Expense Management) solution.
Under the terms of the agreement, MTS will acquire certain assets
of TelSoft and assume certain enumerated liabilities. MTS will pay
TelSoft $1.1 million in cash plus earn-out payments based on
revenue milestones for the 12 month period following the
acquisition. The acquisition is expected to be completed on July
31, 2006. "This acquisition is in line with our business objectives
and delivers on our strategy to improve our market position,
accelerate growth and profitability and as a result enhance
shareholder value," said Eytan Bar, President and CEO of MTS. "We
believe that the expansion of our installed customer base will
accelerate the growth of MTS' TEM (Telecommunications Expense
Management) solution. The acquisition of TelSoft increases our U.S.
market share and secures Telsoft's commitment to its customers to
provide advanced TEM solutions and a comprehensive product roadmap,
above all." Bar added. About TelSoft TelSoft Solutions, Inc. is a
California-based privately held corporation located in the
financial district of Glendale, California. Since 1985, TelSoft has
been providing call accounting and telecom billing services to
organizations with as few as 100 stations to large multi-location
companies exceeding 100,000 employees. TelSoft enjoys meeting the
challenges presented by their clients, many of whom have unique
telecom expense management needs. About MTS Mer Telemanagement
Solutions Ltd. (MTS) is a worldwide provider of innovative
solutions for comprehensive telecommunications expense management
(TEM) used by enterprises, and for business support systems (BSS)
used by information and telecommunication service providers. Since
1984, MTS Telecommunications' expense management solutions have
been used by thousands of enterprises and organizations to ensure
that their telecommunication services are acquired, provisioned,
and invoiced correctly. In addition, the MTS's Application Suite
has provided customers with a unified view of telecommunication
usage, proactive budget control, personal call management, employee
cost awareness and more. MTS's solutions for Information and
Telecommunication Service Providers are used worldwide by wireless
and wireline service providers for interconnect billing, partner
revenue management and for charging and invoicing their customers.
MTS has pre-configured solutions to support emerging carriers of
focused solutions (e.g. IPTV, VoIP, MVNO) to rapidly install a
full-featured and scaleable solution. MTS's unique technology
reduces integration risks and lessens revenue leakage by using the
very same system to manage retail and wholesale business as well as
supporting multiple business units. Total cost of ownership (TCO)
is reduced by providing web-based customer self-care and
provisioning. Headquartered in Israel, MTS markets its solutions
through wholly owned subsidiaries in the United States, Hong Kong,
The Netherlands, and Brazil, as well as through OEM partnerships
with Siemens, Phillips, NEC and other vendors. MTS shares are
traded on the NASDAQ Capital 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. Contacts: Shlomi Hagai, Corporate COO
& CFO, Tel: +972-9-762-1733, Email: . Ronit Weiner,
Communications Managing Director, Tel: +972-54-666-4737, Email:
DATASOURCE: MTS - Mer Telemanagement Solutions Ltd. CONTACT:
Contacts: Shlomi Hagai, Corporate COO & CFO, Tel:
+972-9-762-1733, Email: . Ronit Weiner, Communications Managing
Director, Tel: +972-54-666-4737, Email:
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