Comptel Corporation Stock Exchange Release, 26 January 2012 at 8.30 am
Comptel Corporation is acquiring Xtract Oy, a Finnish software company
specialising in advanced analytics, for a total consideration of EUR 3.1
million (enterprise value). Xtract has approximately 20 customers including
telecom operators AVEA in Turkey, DNA in Finland, Megafon in Russia and
TeliaSonera in Finland as well as insurance company If, retail and media
companies. Xtract’s net sales were EUR 2.4 million in 2011. Xtract has 27
highly skilled employees which are mainly based in Espoo, Finland.
The transaction is estimated to close in mid-February 2012 from which time
onwards Xtract Group will be consolidated into Comptel Group financials. The
acquisition is financed through Comptel Corporation's liquid assets. The main
selling shareholders are private equity funds managed by Creandum, Innovations
Kapital and Verdane.
Comptel’s 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 world leading platform for information
extraction and automated service fulfillment with 280 customers worldwide. By
acquiring Xtract the company will create a unique offering by combining world
class analytics capabilities with its existing assets. This offering will
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”, comments Mr Juhani Hintikka, President
and CEO of Comptel.
COMPTEL CORPORATION
Juhani Hintikka
President and CEO
Additional information:
Juhani Hintikka, tel. +358 9 700 1131
For financial analysts, investors and media
Comptel will arrange an English speaking teleconference on the acquisition
today 26 January at 13.30 pm Finnish time (11.30 am UK time). The dial-in
number for a local call in Finland is 0923 195 187, UK local call 0844 493
3800, US local call 1631 510 7498 and internationally +44 (0) 1452 555 566.
Conference ID is 46206779.
Distribution:
NASDAQ OMX Helsinki
Major media
Comptel software solutions and services enable telecom operators to deliver
services flexibly and charge them effectively. Comptel's wide expertise in
service fulfillment, mediation and charging empowers customers to focus on
delivering innovative services. Comptel has provided solutions to 280 service
providers with more than one billion subscribers in 85 countries. The Group has
about 600 employees worldwide, and net sales were EUR 78 million in 2010.
www.comptel.com