Azure Solutions, the revenue assurance company has acquired Anite Calculus, the UK-based company that specialises in interconnect, wholesale and partner event billing, rating and settlement. The companies will trade under the Azure Solutions name.
Azure Solutions was spun out of British Telecommunications in April 2003 and is backed by New Venture Partners, the technology venturing partnership. Anite Calculus was formerly part of Anite Group, a UK listed IT software and services company.
This latest deal follows Azure’s recent acquisition of US-based Connexn Technologies. Under the terms of the acquisition all existing customer and partneragreements will be fully supported.
John Cronin, president and CEO of Azure, said, “The Anite Calculus deal is yet another part of our commitment to remain the number one company in revenue assurance. Anite Calculus’ employee expertise and technology made the acquisition very attractive and provides Azure with greater resources to meet the growth in the revenue assurance market.”
Saul Nurtman, managing director of Anite Calculus said, “I am excited at the prospect of merging the Calculus business into Azure. I am confident that our current customers and staff will benefit from the global brand and distribution capabilities, technical expertise and financial strength of Azure.”