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Redknee propels itself into the SPIT big hitters' league by closing the acquisition of Nokia Siemens Networks' BSS unit

Redknee Seals NSN Deal

Ray Le Maistre
3/30/2013
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Canadian vendor Redknee Inc. has transformed itself from an ambitious Service Provider Information Technology (SPIT) minnow into a telecom software powerhouse by closing the $52 million acquisition of Nokia Siemens Networks' BSS unit.

The deal was first announced in early December 2012, about a year after NSN announced its BSS assets would be sold off as part of its major restructuring process. (See Redknee to Pay $52M for NSN's BSS Unit, M&A Interest in NSN's BSS Assets Builds and NSN Unveils Its Kill List.)

The deal gives Redknee CEO Lucas Skoczkowski: the scale he has craved for years; an expanded product set; many more customers; and a much bigger team. (See Redknee CEO: Size Matters and What Will Redknee Get From NSN's BSS Biz?)

Skoczkowski has long been excited about the prospects of running a major telecom software and services player, but he now also faces multiple new challenges: Running a much larger company, which is always a test for any executive; and being a head-on rival to SPIT big hitters such as Amdocs Ltd., Comverse Inc., Ericsson AB, NetCracker Technology Corp. and Oracle Corp.

— Ray Le Maistre, Editor-in-Chief, Light Reading

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Ray Le Maistre
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Ray Le Maistre,
User Rank: Light Sabre
4/1/2013 | 7:10:00 PM
re: Redknee Seals NSN Deal
Will Redknee stop here?
And what does this mean for other real-time billing/rating/policy players? Do they need to beef up or get acquired to survive?
Skoczkowski has put the cat amongst the pigeons with this move...
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