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Comptel acquires UK-based Axiom Systems to capitalize opportunities from operators’ growing investments in IP-based services
Comptel, a leading provider of fulfillment solutions for broadband, mobile and next-generation IP networks, is to acquire Axiom Systems (Axiom), a UK-based software product company focusing on the broadband fulfillment market. The acquisition is said to give Comptel a strong position to capitalize the growing investments of service providers to new IP-based services, like VoIP and IPTV.
Axiom is a specialist in IP fulfillment and has a good market position in Europe as well as key customers in Asia-Pacific. Net sales of Axiom were GBP 7.8 million (EUR 11.5 million) and the company was EBITDA negative in 2007. Axiom has currently 87 employees. The net sales in 2008 are estimated to grow about 15%. Consolidation of Axiom is estimated to increase Comptel net sales around 10% in 2008. Axiom's EBITDA impact to Comptel in 2008 is expected to be neutral before one-off items, which are estimated to be EUR 1 million.
Mr Sami Erviö, President and CEO of Comptel, comments: "I am enthusiastic about this acquisition, since now Comptel is uniquely strongly positioned to support its customers in automating the delivery and management of new IP-based services like IPTV. With Axiom we are a leading provider of service fulfillment solutions for fixed, mobile and convergent operators and service providers. Axiom has excellent IP network competencies and has proven capabilities for next generation service fulfillment. Together we are well positioned globally and especially strong in Europe, Asia-Pacific and Middle East. We now have the right competencies, the leading customers and the presence to gain market share in the emerging all-IP network based fixed-mobile convergent telecom industry."
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