Fine Point Buys Pervenio

Fine Point Technologies announced a definitive agreement to acquire Pervenio

June 24, 2009

2 Min Read

NEW YORK and CORK, Ireland -- Fine Point Technologies, a leading provider of software tools for the management of wireline broadband connections, today announced a definitive agreement to acquire Pervenio Ltd, a creator of unrivaled wireless device detection and management solutions for mobile communications providers. The transaction brings Fine Point superior mobile capabilities complementary to its suite of wireline customer experience management (CEM) offerings for global communications providers.

This acquisition uniquely positions Fine Point to offer software tools for both wireline and wireless network operators to help them profitably manage the customer experience across a wide range of services and a myriad of complex desktop, laptop, and handheld multi-media devices –including tools for automatic activation, independent repair, customer care and optimization of network connections.

Based in Cork, Ireland, Pervenio is the first and only mobile device management (MDM) company to provide mobile service providers with an instantaneous, comprehensive picture of all wireless devices on the network, enabling them to automatically connect users to the providers’ network services, validate the legitimacy of every device on the network, react to customer handset changes, and even unlock additional revenue through real-time access to marketing analytics.

Pervenio’s system automatically recognizes more than 20,000 individual mobile handset models from the world’s leading mobile device manufacturers, including all current GSM handset models used around the globe.

Commenting on the acquisition, Fine Point CEO and Chairman Todd Ruelle said, “For the world’s mobile and wireline operators, our combined team offers a deep understanding of the challenges faced in rolling out increasingly sophisticated devices and services to the global market.

“In addition to focusing on organic growth through our core products, the addition of Pervenio is consistent with our strategy to leverage Fine Point’s strong financial performance to acquire complementary mobile technology companies,” Ruelle said.

Fine Point Technologies Inc.

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