Tag Archives: Comverse

Comverse Completes Acquisition of Acision, Creating a Leader in Digital Communication Services

PRESS RELEASE: Comverse, Inc., a global leader in digital services announced it has completed the previously-announced acquisition of Acision, a privately-held leader in secure mobile messaging and engagement services. Comverse acquired all of the equity interests in Acision for a purchase price consisting of $136 million in cash, 3.14 million shares of Comverse’s common stock, and potential earnout payments of up to $35 million. In addition, Acision’s existing $156 million senior credit facility will remain in place. Continue reading Comverse Completes Acquisition of Acision, Creating a Leader in Digital Communication Services

Comverse Signs Definitive Agreement to Acquire Acision; Combined Company to Extend Global Leadership in Next-Generation Digital Service Solutions

PRESS RELEASE: Comverse, a global leader in digital services, today announced that it has entered into a definitive agreement to acquire Acision, a privately-held leader in secure mobile messaging and engagement services, based in Reading, United Kingdom. Comverse will acquire Acision for a purchase price consisting of approximately $135 million in cash, 3.13 million shares of Comverse’s common stock, and potential earnout payments of up to $35 million. Continue reading Comverse Signs Definitive Agreement to Acquire Acision; Combined Company to Extend Global Leadership in Next-Generation Digital Service Solutions

Comverse to Divest BSS Business to Amdocs for Total Purchase Price of $272 Million

PRESS RELEASE: Comverse announced it has reached a definitive agreement to sell substantially all of its BSS business assets to Amdocs. The total purchase price is $272 million in cash. The transaction is expected to close by the end of September 2015, subject to various closing conditions. Continue reading Comverse to Divest BSS Business to Amdocs for Total Purchase Price of $272 Million