Sunday, October 5, 2008

Convergys Acquires Ceon for BSS/OSS

Convergys has acquired Ceon Corporation, an which specializes in product lifecycle management and multi-play fulfillment software for communications service providers, for an undisclosed sum.

Ceon, a privately held company founded in 1999, maintains a principal office in Redwood City, California, with satellite offices in France and the UK. Last January, Convergys and Ceon announced a strategic alliance for which Convergys issued convertible debt with the right to acquire the company. Convergys expects this small but strategic acquisition to be accretive beginning 2009 on a GAAP basis.

Convergys said Ceon's product management assets are at the heart of its strategy to help clients more effectively manage new and advanced value-added services. The new capabilities, delivered as Convergys Enterprise Product Management Solutions, enable Convergys clients to more effectively manage their entire product lifecycle across all network domains, shortening time to market for new convergent offers, improving quality, and reducing the costs associated with managing a large product portfolio. Convergys continues to enhance its capabilities to enable service providers to better construct, manage, and deploy a layered catalog that includes the full technical and commercial definition of products and services.http://www.convergys.com