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OvumLast month, Redknee announced that it would be acquiring German billing vendor Orga Systems, which declared bankruptcy earlier this year. The announcement reflects a growing trend of consolidation among BSS vendors in response to telcos' insistence on reducing the volume of signed contracts.
As telcos continue to show favor to vendors with more complete solution offerings, M&A as a strategy to enhance and acquire new assets will become critical to vendor survival.
BSS vendors must look to mergers to stay competitive in the telecoms market. In recent years, telecoms vendors have undergone a significant amount of change and consolidation.
Following the announcement made earlier this year that Orga Systems would be filing for insolvency, Redknee announced its acquisition plans of [Euro]38 million (about $42.5 million), adding the Orga portfolio to the NSN assets it acquired in 2012.
Canada-based Redknee, which specializes in real-time billing and...