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December 26, 2008

MTS to acquire AnchorPoint telecom expense business

Israel's Mer Telemanagement Solutions has signed a definitive agreement to acquire the telecom expense management business of US-based AnchorPoint.

By CBR Staff Writer

Under the terms of the agreement, Mer Telemanagement Solutions (MTS) will acquire all the assets of AnchorPoint and assume certain enumerated liabilities. The aggregate consideration will be 25% of MTS’s outstanding shares on a post-transaction basis. The acquisition is expected to be completed on or before December 31, 2008. AnchorPoint will continue its operations as a division of MTS.

Upon completion of the transaction MTS will integrate its telecommunication management and billing solutions with AnchorPoint’s telecommunications expense management (TEM) solutions.

Eytan Bar, CEO of MTS, said: The merger complements our TEM offerings to allow our customers to reduce their telecom costs and improve their IT/telecom processes. TEM offerings, with an immediate return on investment to customers, are important management tools during a period of slowdown and an unstable economic environment.

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