Intec Buys ADC Billing Unit
The deal, exposed exclusively by Boardwatch some weeks ago (see Intec Confirms M&A Talks With ADC and Is Intec in Line for ADC's Billing Biz?), is the culmination of an auction process that began when ADC decided to focus on its infrastructure business and sell its software assets (see ADC Close to OSS Sale, ADC Tries Flogging its OSS, and ADC Loses Another OSS Boss). The estimated price for the Singl.eView business had been between $80 million and $100 million.
The transaction, which needs to be approved by Intec's shareholders at a meeting likely to be held in early August, takes the interconnect billing and mediation software vendor into the retail billing and customer care market for the first time. It will also boost its staff numbers, adding 650 employees at offices in 27 locations to Intec's headcount of 677, and adding significant revenues. Intec recorded first-half revenues of $55.6 million, while Singl.eView sales were about $35 million (see Intec Announces H1 Results).
For more details, head over to Boardwatch.
— Ray Le Maistre, International Editor, Boardwatch
Like what we have to say? Click here to sign up to our daily newsletter
Cable Next-Gen Technologies & Strategies – Making cable faster, broader, deeper, better
If you want to know where the cable tech space is heading, we've got you covered. Join the biggest names in the industry in Denver, CO on March 14 & 15 for the latest edition of Light Reading's Cable Next-Gen Technologies & Strategies conference.
Back for a record 16th consecutive year, Cable Next-Gen is the premier independent conference covering the broadband technology market. This year's edition will tackle all the top tech topics, including 10G, DOCSIS 4.0, Distributed Access Architecture, next-gen PON, fixed wireless access, network virtualization, the Digital Divide and more
Get your free operator pass here.