Comptel to Sell Axioss Software to Cisco

Posted: August 22nd, 2011 | Author: Juhani Hintikka | Filed under: News | Tags: , , , , | 1 Comment »

Today, we announced our intention to sell to Cisco the Axioss software, originally developed by Axiom Systems, which Comptel acquired in 2008. This deal, which is worth EUR 21.3 million, is estimated to close in September 2011. Comptel will continue in the fulfillment business, developing and selling the Comptel Fulfillment solution. Comptel and Cisco will also continue in their cooperation across other areas of OSS/BSS, e.g. cloud mediation and charging.

Comptel originally acquired Axioss in order to strengthen our position as a leading provider of fulfillment solutions for broadband, mobile and next-generation IP networks. Our strategy remains unchanged. We have been busy working on the next release of our fulfillment solution, based on a new technology platform, which will be released in the first half of 2012. Comptel will also retain its existing Axioss customer relationships and will continue to support these customers.

As part of the deal, Cisco is also taking on some personnel related to the Axioss assets, mainly those based in the U.K. Mr. Gareth Senior, Comptel’s CTO and member of the Executive Board, will be transferring to Cisco.

As you can imagine, we are very excited about this deal. In my opinion, it underlines our technology leadership in the OSS/BSS domain.

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