MTS to Acquire the Telecom Expense Management Operations of AnchorPoint, Inc.
RA’ANANA,
Telemanagement Solutions Ltd. (Nasdaq: MTSL), a global provider of business
support systems (BSS) for comprehensive telecommunication management and
customer care & billing (CC&B) solutions, has signed a definitive agreement
to acquire the telecom expense management business of AnchorPoint, Inc. of
integrate its telecommunication management and billing solutions with
AnchorPoint’s telecommunications expense management (TEM) solutions.
Under the terms of the agreement, MTS will acquire all the assets of
AnchorPoint and assume certain enumerated liabilities. The aggregate
consideration will be 25% of MTS’s outstanding shares on a post-transaction
basis. The acquisition is expected to be completed on or before
2008
“This transaction is in line with our business objectives and it is an
important step in carrying out our strategy to improve our market position
and product offerings, accelerate growth and profitability and ultimately
enhance shareholder value,” said
complements our TEM offerings to allow our customers to reduce their telecom
costs and improve their IT/Telecom processes. TEM offerings, with an
immediate return on investment to customers, are important management tools
during a period of slowdown and an unstable economic environment,” Mr. Bar
added.
“Through its ongoing relationships with both its customers and technology
leaders from various industries, AnchorPoint has earned a reputation for
innovation, quality, and support and delivering award-winning solutions,”
said
this merger provides a strategic foundation for our expansion into the
international TEM space.”
About AnchorPoint
AnchorPoint (http://www.AnchorPoint.com) is a leading provider of Telecom
Expense Management Solutions that enable enterprises to gain visibility and
control of strategic assets that drive key business processes and crucial
competitive advantage. The company’s award-winning software, consulting and
managed services solutions – including integrated Invoice, Asset, and Usage
Management and Business Analytics tools – provide professionals at every
level of the organization with rapid access to concise, actionable data.
Armed with this knowledge, they can make smart operational and financial
decisions that maximize the performance of core assets and services. From
reducing costs and optimizing resources for superior ROI; from allocating
budgets to ensuring regulatory compliance; from purchasing to payment; and
everything in between, global leaders rely on AnchorPoint for absolute
control over bottom line results.
About MTS
Mer Telemanagement Solutions Ltd. 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 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
subsidiaries in
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
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.
Contact:
MTS:
Alon Mualem
CFO
Tel: +972-9-762-1733
Email: Alon.Mualem@mtsint.com
AnchorPoint:
Michael Grillo
VP of Marketing
Tel: +1-508-628-4524
Email: mgrillo@anchorpoint.com
SOURCE MTS-MER Telemanagement Solutions Ltd