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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