Tertio Telecoms bought for $40.7 million

Evolving Systems, a provider of software solutions and services to the wireless, wireline and IP carrier market, has acquired UK-based Tertio Telecoms for $40.7 million.

Evolving Systems, a provider of software solutions and services to the wireless, wireline and IP carrier market, has acquired UK-based Tertio Telecoms, a supplier of operations support systems (OSS) software solutions to communication carriers throughout Europe, the Middle East, Africa and Asia.

The transaction was closed today at a value of approximately $40.7 million.

With a worldwide customer base that includes Vodafone, Hutchison 3G, Telewest Broadband and T-Mobile, Tertio is a growing company with a strong product offering and a substantial network of industry partners.

A statement from Evolving Systems said the acquisition transforms it from a North American leader in OSS into a diversified global provider of OSS software and services to wireline, wireless, cable and IP customers.

Evolving Systems added that the combined companies will provide an integrated service delivery platform that will speed a carrier’s introduction and support of new offerings while at the same time reducing operational touch and costs.