MTS Completes Acquisition of TelSoft Solutions, Inc.
02 Août 2006 - 3:00PM
PR Newswire (US)
MTS Suite of Telecommunications Expense Management Product Moves
Into New Market Segments RA'ANANa, Israel and FAIR LAWN, New
Jersey, August 2 /PRNewswire-FirstCall/ -- 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 (CC&B),
announced today the completion of the acquisition of the telecom
expense management and call accounting software assets of TelSoft
Solutions, Inc. The acquisition will expand MTS's TEM
(Telecommunications Expense Management) solution. Under the terms
of the agreement, MTS acquired certain assets of TelSoft and
assumed certain enumerated liabilities. "I believe this acquisition
will assist us to develop our growing business, similar to our
acquisition of TeleKnowledge in December 2004" said Mr Eytan Bar,
President and CEO of MTS. "In addition, this acquisition will help
us strengthen our growing business in the United States". Mr. Don
Simons, MTS-TelSoft CEO added: "This acquisition will secure our
customers' long-term interests with the addition of telecom expense
management (TEM) solutions to our robust call accounting and
billing portfolio". About TelSoft TelSoft Solutions, Inc. is a
California-based privately held corporation located in 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 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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