Comptel to sell Axioss Software to Cisco

Staff writer
26 Aug 2011
00:00

Comptel announced its intention to sell to Cisco the Axioss software, originally developed by Axiom Systems, which Comptel acquired in 2008.

This deal, which is worth 21.3 million euros ($31 million), is estimated to close in September 2011.

Comptel will continue in the fulfillment business, developing and selling the Comptel Fulfillment solution. Comptel and Cisco will also continue in their cooperation across other areas of OSS/BSS, e.g. cloud mediation and charging.

Comptel originally acquired Axioss in order to strengthen our position as a leading provider of fulfillment solutions for broadband, mobile and next-generation IP networks.

As part of the deal, Cisco is also taking on some personnel related to the Axioss assets, mainly those based in the UK. Gareth Senior, Comptel’s CTO and member of the Executive Board, will be transferring to Cisco.

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