Calling it a strategic addition to its management business, TEOCO today announced the acquisition of Vero Systems. Terms were not disclosed.
The acquisition is expected to broaden TEOCO’s network cost management offerings to support routing optimization. It should also accelerate the company’s international strategy. Vero’s Acuité solution is designed to help service providers intelligently and actively control their network costs.
“We have been following Vero Systems for some time. Their deep, switch-level expertise is highly sought-after by carriers worldwide,” said John Devolites, vice-president and general manager at TEOCO. “This routing optimization expertise, combined with our cost management solutions, will bring service providers unparalleled technical innovation in network cost management.”
“We are excited to become a part of such a financially strong company,” said Brian Cafferty, chief executive officer of Vero Systems. “This acquisition brings together two industry leaders whose solutions contribute greatly to increasing the profitability of global communications providers. Our employees and customers are very excited about the future and the next generation of technology we will bring to the marketplace together.”
TEOCO is a worldwide provider of cost management and revenue assurance solutions to communications providers. Vero Systems is a global provider of margin management products and least-cost routing solutions.
