Thursday, July 29, 2010

Redknee to Acquire Nimbus for EUR 11 Million

Redknee Solutions, which supplies converged billing, real-time charging, rating and personalization systmes for Service Providers, will acquire privately-held Spanish-based Nimbus Systems for EUR 11.25 million.

Established in 2001, Nimbus Systems has been engaged in analysis, control and management solutions, with a particular focus on customer relationship management systems and billing, rating and partner relationship management. Nimbus Systems currently supports more than 10 customers, including group operators Telefonica and Telia Sonera, and non-telecommunications clients, such as Santander, Spain's largest bank, and First Data, one of the world's leading transaction credit and loyalty card infrastructure companies. Following the acquisition, Nimbus Systems' customers and employees will be integrated into Redknee's existing business with a view to leveraging Nimbus Systems' customer base, partner network and employees.

Redknee said the acquisition of Nimbus Systems will further strengthen its operating model and market share, particularly in global group operators, including Telefonica, Orange and Vodafone, while providing future opportunities to expand into the Latin American markets. Redknee is based in Toronto.

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