CSG picks up Ascade for $19M
CSG International has acquired Ascade, an independent Swedish software company that has developed software tools used by telecommunications companies to manage their wholesaling operations.
The total cost of the acquisition, excluding transaction fees, was approximately $19 million, paid in cash.
Ascade's trading and routing product, Ascade7, complements CSG’s own Wholesale Business Management Solution (WBMS). CSG said the acquisition expands and strengthens its geographic presence.
As telecom carrier partnerships expand and become more complex, the number of VoIP carriers is also growing, as is the number of wholesale relationships with third-party content owners. The combined CSG/Ascade portfolio will help automate the management of those relationships.
Peter Kalan, president and CEO of CSG, said, "Our combined offering and global presence ensures that operators of all types – fixed, mobile, wholesale, broadband, MVNOs and ISPs – have a partner in CSG with the breadth of functionality and flexibility in delivery models to meet their current and evolving wholesale needs."