XConnect Acquires Assets of Germany's Flexagon

LONDON -- XConnect, the global leader in Telephone Number Registry and Interconnect services, today announced that it has acquired the assets of Flexagon, a provider of both number and triple-play portability services in Germany.

The acquisition cements XConnect’s position as the leading provider of German portability and registry services, with a combined customer base of over 60 networks, including all major network providers in the country. Flexagon’s expertise in ‘WITA’ wholesale line or triple-play portability services adds new capabilities to XConnect’s service portfolio while expanding its reach in the German market.

The acquisition builds on XConnect’s acquisition of SMSe Solutions in Germany in 2014 and reflects its commitment to streamlining portability for its service provider customers. Flexagon offers both premises and cloud-based portability services in Germany with a strong portfolio of government-focused services. As part of the deal, XConnect will acquire the assets, customers, and employees of Flexagon.

XConnect has plans for further acquisitions across Europe through 2015 and will continue to grow organically and with acquisitions.

“We are committed to growing our business across Europe and we are serious about driving M&A in the European market. Our acquisition strategy is focused on positioning XConnect as not only Europe’s largest number portability and registry service provider but the best equipped and most skilled provider in the market,” says Katz. “We find the best solutions to make portability simple and seamless for our customers.”

XConnect Global Networks Ltd.