Finland-based telecommunications software company Comptel Corp. has acquired Xtract Oy, a Finnish software company specializing in advanced analytics. The purchase price is EUR 3.1 million (U.S. $4.1 million).
Xtract has approximately 20 customers that include telecom operators AVEA in Turkey, DNA in Finland, Megafon in Russia and TeliaSonera in Finland. Insurance company If is also a customer, as well as some retail and media operations. Xtract’s net sales were EUR 2.4 million (U.S. $3.2 million) in 2011. Xtract has 27 highly skilled employees whom are mainly based in Espoo, Finland.
The companies expect the deal to close in mid-February. The acquisition is financed through Comptel's liquid assets. The main selling shareholders are private-equity funds managed by Creandum, Innovations Kapital and Verdane.
Comptel says its strategy is around building an integrated offering for service providers to manage the customer experience and to drive new revenues from their subscriber base. Comptel has a platform for information extraction and automated service fulfillment with 280 customers worldwide. By acquiring Xtract, Comptel says it will create a unique offering by combining analytics capabilities with its existing assets. This offering is designed to enable operators to react quickly to events from the network and transform them automatically into relevant and timely actions that improve the customer experience.
“Xtract is globally a leading expert in advanced customer analytics. This acquisition completes Comptel’s ‘event-analysis-action’ vision, which will help telecom operators provide value to their customers and operations by driving real-time business decisions. Delivering on this vision is a key for our growth in our recently communicated strategy," said Juhani Hintikka, president and CEO of Comptel.
