RA'ANANa, Israel and FAIR LAWN, N.J. -- Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management and customer care & billing solutions (CC&B), announced today the completion of the acquisition of the telecom expense management and call accounting software assets of TelSoft Solutions, Inc. The acquisition will expand MTS's TEM (Telecommunications Expense Management) solution.
Under the terms of the agreement, MTS acquired certain assets of TelSoft and assumed certain enumerated liabilities.
"I believe this acquisition will assist us to develop our growing business, similar to our acquisition of TeleKnowledge in December 2004" said Mr Eytan Bar, President and CEO of MTS. "In addition, this acquisition will help us strengthen our growing business in the United States".
Mr. Don Simons, MTS-TelSoft CEO added: "This acquisition will secure our customers' long-term interests with the addition of telecom expense management (TEM) solutions to our robust call accounting and billing portfolio".
Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL)