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Billing specialist snaps up Swedish software company for $19M
July 16, 2012
ENGLEWOOD, Colo. -- CSG Systems International, Inc. (NASDAQ: CSGS), a global provider of software and services-based business support solutions that help clients generate revenue and maximize customer and partner relationships, today announced the acquisition of Ascade, an independent Swedish software company who provides market-leading trading and routing software solutions to telecommunications companies globally. The total cost of the acquisition, excluding transaction fees, was approximately $19 million. The purchase price was paid in cash from CSG’s existing cash resources.
By bringing together Ascade’s flagship trading and routing solution, Ascade7, with CSG’s Wholesale Business Management Solution (WBMS), CSG firmly establishes its global leadership position in the telecommunications wholesale marketplace. The acquisition expands and strengthens its geographic presence, bringing product specialists and support resources closer to its combined 300+ wholesale customers worldwide.
CSG Systems International Inc. (Nasdaq: CSGS)
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