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