LogicaCMG Becomes Acision

LONDON -- Today the communications and media industries have a new market leader. Acision is a dynamic new half-billion dollar company with world leading status and credentials. Launching with more than 300 clients serving over one billion customers across the two industries, Acision combines a progressive, exciting and agile philosophy of innovation with an experienced and trusted team. The company has 43 years of intellectual property and an unparalleled reputation in mobile data services.

Chris McDermott, CEO of Acision comments on the launch: “Acision is in the enviable position of having investors with a deep market knowledge and long term focus, supporting a team renowned for creativity and assured service delivery. We already lead the market with our products and innovation, placing us at the heart of our customers’ strategic business services. Our local expertise and global experience, teamed with new investment, put us in a great position to achieve our goal of providing solutions that make our clients successful.”

Acision has been formed from the recent £265m (US $525m) purchase of LogicaCMG Telecoms Products by a consortium including private equity buyer Atlantic Bridge Ventures and industrial holding group Access Industries. The investors intend for Acision to build on the firm’s heritage of pioneering innovation to expand its global market leadership position in Intuitive Messaging, Intelligent Charging, Content Enablement and Customer Intelligence Management for network operators, service providers, broadband operators, content owners and broadcasters. Acision employs approximately 1,700 people in 22 countries across six continents.

Acision BV