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read moreOracle to pay $113m for eServGlobal's mobile prepaid billing software business
Stuart Corner
Thursday, 27 May 2010 17:09
Oracle is to acquire eServGlobal's (ASX: ESV) prepaid telecoms billing system assets to become the first "leading business software and hardware systems vendor," to deliver a "convergent prepaid and postpaid charging/billing application," according to eServGlobal.
eServGlobal claims that these applications are in use by more than 25 tier-one telcos including the world's largest IT-based installation of prepaid services. It says that more than 35 million subscribers worldwide access services delivered on USP with the largest deployment supporting 20,000 transactions per second.
An unspecified number of eServGlobal USP business-related employees will become part of Oracle's Communications Global Business Unit.
The USP application will be combined with Oracle Billing and Revenue Management (BRM) to provide "a software solution that supports service, payment and network convergence, while providing a 360° customer view," eServGlobal said. "The result for service providers is expected to deliver a superior customer experience while reducing operational complexity and costs."
According to eServGlobal, there is a large and growing market for prepaid billing application for mobile services. "Prepaid customers currently represent over two thirds of mobile subscribers worldwide and are expected to grow to 80 percent of all new subscriptions between 2008 and 2013. In addition, the use of prepaid services is particularly common in high-growth and emerging economies where subscribers are using these services in increasingly innovative ways.
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