Vodafone acquires telecom expense management duo

08 October 2010

Vodafone Global Enterprise – the business within Vodafone which manages the communications needs of its largest multinational customers – today announced the acquisition of two telecom expense management (TEM) companies: Quickcomm and TnT Expense Management.

Vodafone Global Enterprise says it already has a strong track record in expense management and the two acquisitions will propel Vodafone into being a leading TEM company for multinational organisations.

Quickcomm, a developer of TEM software, is headquartered in Sydney, Australia and has offices in the US, UK and Singapore.  Quickcomm will continue to sell and provide ongoing support for its products, as well as becoming a fully integrated part of the Vodafone Telecoms Management solution.

TnT Expense Management is a services provider of TEM.  It is headquartered in Sandy Hook, Connecticut and has offices in New York, the UK, Germany and France. Its managed telecoms expense service, based on expert analysis as well as automated bill processing, is said to be a strong addition to Vodafone Global Enterprise’s existing services team.

The value of the gross assets being acquired are US$6.9m for Quickcomm and US$2.8m for TnT Expense Management.

“Our 570 multinational corporate customers tell us that they want Vodafone Global Enterprise to help them reduce cost, increase visibility and improve management control across their global footprint,” said Nick Jeffery, CEO of Vodafone Global Enterprise.  “These acquisitions will benefit our customers by providing even greater visibility and control of their fixed and mobile spend and this, in turn, will further the business case for multinationals to adopt unified communications solutions.”