Redknee agreed to acquire Nokia Siemens Networks’ Business Support Systems (BSS) business, which provides real-time charging, rating, policy, and customer care solutions to more than 130 communication service providers, for EUR 15 million in cash at closing, plus a maximum of EUR 25 million for certain performance-based cash earn-outs expected to be paid over 12 to 36 months post-closing.
NSN claims half of the top 100 global mobile operators are users of its BSS platform.
The deal includes customer and supplier contracts, intellectual property rights, fixed assets and associated liabilities, along with BSS employees. Nokia Siemens Networks plans to retain a small number of broader customer contracts that include elements of BSS for GSM-R and mobile broadband related mediation.
The employees expected to transfer to Redknee are mainly based in Berlin, Germany; Bangalore, India; and Wroclaw, Poland.
Redknee is also a supplier of software and services that help operators to monetize the value of each subscriber transaction. Its revenue generating solutions provide advanced converged billing, rating, charging and policy for voice, messaging and new generation data services to over 90 network operators in over 50 countries. Redknee is based in Missisagua, Ontario, Canada.
"This planned transaction supports our transformation to focus on mobile broadband. Both Redknee and Nokia Siemens Networks have a reputation for high quality and customer commitment, which provides a common foundation for Redknee to build the BSS business in the future. We will work with Redknee to ensure a smooth transfer of the business and to provide some mobile broadband specific elements of the BSS portfolio to our customers," stated Rajeev Suri, CEO of Nokia Siemens Networks.
http://www.redknee.com
http://www.nokiasiemensnetworks.com
- Earlier this week, Nokia Siemens Networks will sell its Optical Networks business unit to Marlin Equity Partners.
- In November 2011, DragonWave and Nokia Siemens Networks reached a deal by which DragonWave acquired NSN's microwave transport business, including its associated operational support systems (OSS) and related support functions, in a transaction potentially worth up to EUR 110 million.
