Comverse Buys Netonomy

Comverse says that it is buying privately-held Netonomy for approximately US$19 million in cash. Netonomy, a provider of customer self-service, bill analysis and point of sale (POS) solutions, 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 customers include Bouygues Telecom, several Orange operators, T-Mobile UK, Telstra and Vodafone UK.

Raz Alon, interim CEO of Comverse Technology, said, "This acquisition is in line with our strategic efforts to continually enhance Comverse's Total Communication Product Portfolio's ability to generate revenues, strengthen customer loyalty and improve operational efficiency for communication service providers."

"Joining Comverse was a natural move," said John Ball, CEO of Netonomy. "Service providers need to accelerate the adoption of direct self-service quicker than ever to lower their cost of acquisition and service, regardless of market segment. Web access to select and change plans and features also improves customer satisfaction and loyalty, while reducing operational costs."

Posted to the site on 24th August 2006