Comverse acquires Netonomy

29 Aug 2006

Comverse has signed a definitive agreement to acquire customer self-service, bill analysis and point-of-sale solutions provider Netonomy for approximately $19 million in cash.

The acquisition extends Comverse's portfolio of real-time billing and customer management solutions for communication service providers by adding additional tools to increase efficiency and enhance the end-customer experience.

Netonomy's self-service application suite allows consumers, enterprises, and retailers to activate and manage subscriptions, buy new products and services, and review, analyze and pay bills using virtually any communication device. The deal is subject to a number of customary closing conditions.

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