CSG Systems closes billing deal
Expanding its telecommunications billing footprint, Denver-based CSG Systems International has closed its deal to acquire the billing and customer care assets of Lucent Technologies for roughly $260 million.
Lucent originally obtained those assets, including software products and consulting services, via its purchase of Kenan Systems Corp. in Feb. 1999. CSG said the Kenan/BP platform will continue to be sold as standalone products and as part of the company's overall product portfolio.
With those assets in the fold, CSG says it now offers customer care and billing products for all communications sectors and services, including cable television, direct broadcast satellite, advanced IP services, mobile and wireline telephony. The deal also expanded CSG's global presence, which now encompasses 22 countries in Europe, Asia Pacific and the Americas.