Wednesday, April 20, 2011

Neustar to Acquire Evolving Systems' Numbering Solutions

Neustar will acquire the assets and certain liabilities of the Numbering Solutions business from Evolving Systems for approximately $39.0 million in cash.

Neustar said the acquisition will further its long-term initiative to simplify operators' OSS architectures by mitigating cost and complexity, while making the evolution to next-generation networks more efficient, manageable, and flexible to meet the increasingly complex needs of end-users.

"The profound change underway in the telecommunications industry is creating significant challenges and opportunities. Neustar sits at the intersection of this transformation, delivering proven solutions and services to help our customers get the most out of their communication networks," said Lisa Hook, Neustar's President and Chief Executive Officer. "Neustar is raising the bar for the industry by integrating the Evolving Systems capabilities to create a dynamic new number management paradigm. This combination extends the breadth of Neustar's Carrier Services portfolio, providing a strong foundation for our customers to meet their current needs and allowing them to harness the power of IP into the future."

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