CSG International acquires Ascade
Software and support solutions provider CSG International has announced the acquisition of trading and routing company Ascade for approximately $19 million.
The deal brings together Ascade’s trading and routing solution, Ascade7, with CSG’s Wholesale Business Management Solution (WBMS), with the tie up expected to strengthen both companies' position in the wholesale market.
“As the leading wholesale billing provider for the telecoms marketplace, our clients have come to expect innovative solutions from us that help expand and enhance their business operations,” said Peter Kalan, president and CEO at CSG International.
“Our combined offering and global presence ensures that operators of all types – fixed, mobile, wholesale, broadband, MVNOs and ISPs – have a partner in CSG with the breadth of functionality and flexibility in delivery models to meet their evolving wholesale needs.”
CSG cited the growing number of VoIP carriers in the wholesale market, in addition to an increase in the number of wholesale agreements with third party content owners as a factor towards the deal.
“For many carriers, their wholesale business has always represented a significant component of their overall revenue,” added Karl Whitelock, director of OSS/BSS Strategy at Frost & Sullivan. “As their business models evolve to address the growth in areas such as digital content and M2M services, the wholesale component becomes more complex.”