Redknee Solutions Inc. said it will acquire the assets of billing company Argent Networks Ltd. for up to $8 million.
Redknee will make an initial payment of $4 million and then up the total if certain revenue goals are met, the company said. The deal is expected to close Jan. 31.
Argent is based in Auckland, New Zealand, and has operations in Australia, Middle East and the United States. Following the acquisition, Argent will be integrated into Redknee’s existing business.
"This is a very exciting transaction for Redknee as the acquisition expands our operator footprint with 18 new operators in the emerging markets and five in North America, while increasing our product portfolio to include interconnect billing, and converged billing for IPTV and broadband operators,” said Lucas Skoczkowski, CEO of Redknee.
Argent has developed ArgentEclipse Interconnect, a revenue assurance, interconnect and content settlement software product, and ArgentEclipse, a convergent billing and customer care CRM platform for fixed line, wireless and broadband operators.
Redknee Solutions Inc. www.redknee.com
