Canadian vendor Redknee Inc. has transformed itself from an ambitious Service Provider Information Technology (SPIT) minnow into a telecom software powerhouse by closing the $52 million acquisition of Nokia Siemens Networks' BSS unit.
The deal was first announced in early December 2012, about a year after NSN announced its BSS assets would be sold off as part of its major restructuring process. (See Redknee to Pay $52M for NSN's BSS Unit, M&A Interest in NSN's BSS Assets Builds and NSN Unveils Its Kill List.)
The deal gives Redknee CEO Lucas Skoczkowski: the scale he has craved for years; an expanded product set; many more customers; and a much bigger team. (See Redknee CEO: Size Matters and What Will Redknee Get From NSN's BSS Biz?)
Skoczkowski has long been excited about the prospects of running a major telecom software and services player, but he now also faces multiple new challenges: Running a much larger company, which is always a test for any executive; and being a head-on rival to SPIT big hitters such as Amdocs Ltd., Comverse Inc., Ericsson AB, NetCracker Technology Corp. and Oracle Corp.
— Ray Le Maistre, Editor-in-Chief, Light Reading