“Our acquisition of Acision underscores Comverse’s commitment to quickly building scale and market leadership in the fast-growing digital services sector,” Comverse president and CEO Philippe Tartavull said in a statement. “The combined portfolio will allow us to enable our service provider and enterprise customers to deliver and monetize a new array of advanced digital services to their customers.”
Comverse, a Wakefield-based company that offers digital software solutions to communication service providers, will spend about $135 million, about 3 million shares of Comverse stock, and potential earnout payments to acquire the UK-based business for its mobile monetization and messaging solutions. The merged company aims to extend efforts into new digital application sectors such as data analytics.
“Today’s acquisition is in line with our growth strategy to broaden our reach and capabilities, and brings two leading companies together to deliver the very latest monetizable, rich communication services for mobile operators and enterprises worldwide,” Didier Bench, executive chairman at Acision, said in a press release.
Comverse stock rose 38 cents, or 9 percent, to $24.12 in Monday morning trading.