Subex Azure has successfully completed the previously announced acquisition of Canada-based Syndesis Limited, a provider of telecom service fulfillment solutions that enable telcos to create, offer and automate advanced communications services such as IPTV, VoIP, broadband and others.
According to Subex Azure, the $165.4-million all-cash acquisition is a significant milestone in the company's drive to become a leading global vendor of telecom OSS solutions.
With the completion of the acquisition, Syndesis' customers will join Subex Azure's growing roster of telco customers, giving them access to enhanced solution delivery capabilities, especially in the EMEA and Asia-Pacific regions.