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Oracle buys pre-paid software assets from eServGlobal |
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Oracle has agreed to acquire some of the pre-paid assets of eServGlobal, a company that provides advanced IT-based pre-paid charging solutions for the communications industry. The price of the transaction was not disclosed.  eServGlobal’s Universal Service Platform (USP) includes a pre-paid charging application, a network-services platform and a messaging gateway. The ChargingMax, NumberMax, uVOMS, MessageMax, PromoMax Express and Social Relationship Management software currently supports more than 25 tier-one customers including the world’s largest IT-based installation of pre-paid services, Oracle said in its statement. Oracle said that the combination of its Communications Billing and Revenue Management and the USP applications is expected to accelerate the shift from network- to IT-based pre-paid systems by providing the first convergent, open IT-based platform from a leading business software and hardware systems company. According to Oracle, customers are expected to benefit from traditional carrier-grade, pre-paid service authorization with IT-grade flexibility that supports any service or network, is easier to deploy and maintain and delivers an overall lower total cost of ownership. The transaction is expected to close in the second half of this year.  eServGlobal said it would now concentrate on areas of Mobile Money and Value Added Services, building on its 24 years of expertise with telecom operators to provide growth opportunities for the company. The funds from this transaction will be used to upgrade eServGlobal’s remaining suite of products to next-generation technology. The company said that it plans to expand its Software as a Service (SaaS) delivery model and licensing models to ensure greater flexibility, agility and scalability. |
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