Tuesday, October 7, 2008

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Convergys Buys Its BSS Partner Ceon

Terms of the deal weren’t disclosed back in January, but Convergys later said that they included an acquisition option, which it has now exercised. Value of the acquisition deal was not disclosed, cut Ceon is a small company. Convergys described the deal as a “small but strategic acquisition” that it expects to be accretive beginning 2009 on a GAAP basis.

Convergys said that Ceon’s products will now be delivered as Convergys Enterprise Product Management Solutions. Under the January deal, Ceon’s products were integrated into Convergys’ "Infinys" business support system (BSS). Ceon’s flagship offering is the Product Control Center (PCC) solution, a purpose-built and standards-based system focused on enabling communications service providers to construct, manage, and deploy a layered product catalog that includes the full technical and commercial definition of products. 

“As service providers launch new convergent services to differentiate themselves from their competitors, their product management requirements become increasingly complex,” said Bob Lento, president of Information Management for Convergys.  “Ceon’s product management assets are at the heart of our strategy to help our clients more effectively manage new and advanced value-added services, introduce these services quickly, and evolve these new offers at market speed.”