Oracle Acquires USP Products From eServGlobal
Poster: SySAdmin
Posted on May 26, 2010 at 2:56:01 AM
Oracle Acquires USP Products From eServGlobal
PARIS, May 26, 2010-- eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of
smarter transaction management solutions, today announced the sale of its USP
(Universal Services Platform) business to Oracle.
Oracle and eServGlobal have entered into a definitive
agreement under which Oracle will purchase ownership of eServGlobal's USP
assets, which includes a pre-paid charging application, a network-services
platform and a messaging gateway, currently supporting more than 25 tier-one
customers including the world's largest IT-based installation of pre-paid
services. The Board of Directors of eServGlobal has unanimously approved the
transfer of the USP products which include ChargingMax, NumberMax, uVOMS,
MessageMax, PromoMax Express, UMS and Social Relationship Management to
Oracle.
eServGlobal's major shareholder, Guinness Peat Group (holding
approximately 19% of the issued share capital of eServGlobal) has entered
into an agreement with Oracle under which it agrees to vote its shares in
favour of the transaction. In addition, MHB Holdings Pty Ltd, Wallaby Hill
Pty Ltd and Craig Halliday (representing approximately 20% of eServGlobal's
issued share capital in aggregate) are supportive of the transaction and have
confirmed in writing to eServGlobal that in the absence of a superior
proposal from a third party, they intend to vote their shares in favour of
the resolution to approve the transfer.
"Oracle and eServGlobal have been industry pioneers for more
than 20 years. This deal represents a strategic move for both companies.
eServGlobal will focus its technology and resources on the m-Money and Value
Added Services businesses and in expanding our Software as a Service (SaaS)
delivery and licensing models to take advantage of this high growth
opportunity," said eServGlobal CEO Richard Mathews. "By purchasing the
charging product line and all USP-based products, Oracle has acquired leading
technology that supports one of the largest installed charging bases in the
world and provides our customers with cost-efficient routing of international
calls, SMS and multi-media messages using a combination of TDM and SIP
networks."
The deal is anticipated to close in the second half of 2010,
subject to certain regulatory approvals and customary closing conditions.
About eServGlobal
eServGlobal provides solutions for Smarter Transaction
Management, driving more value from each telecom transaction.
We enable new business models for tomorrow, while maximizing
our customers' investments today. Mobile, fixed, Internet and multi-play
communications providers use our world-leading, real-time capabilities to
significantly increase revenues, customer loyalty and expenditure efficiency.
Today more than 80 customers, in over 50 countries, perform
over 2.4 billion transactions per day using our solutions. eServGlobal has
the largest payment installed base in the world.
Our customers drive our solutions, which are rapidly developed
and deployed to allow the customer to succeed in changing markets. This
customer led approach to our business enables our customers to quickly create
and launch new services and personalized, real-time promotions to lead and
innovate in their markets.
eServGlobal specializes in agile mobile payment, retention,
messaging and VAS solutions. Our HomeSend solution is the only GSMA endorsed
mobile-centric international remittance hub, allowing operators rapid access
to this lucrative market.
With 17 offices globally we provide flexible end-to-end
solutions with ongoing product development and worldwide implementation and
support services.
eServGlobal is listed on the Australian Stock Exchange (ESV)
and the London Stock Exchange AIM (ESG). More information at:
http://www.eservglobal.com
Source: eServGlobal
For further information, please contact: Sally Bennett, Communication Manager, T: +33-1-46-12-77-46, sally.bennett@eservglobal.com, F: +33-1-46-12-77-49; Katia Hilal, Marketing Director, T: +33-1-46-12-58-85, katia.hilal@eservglobal.com, F: +33-1-46-12-77-49
PARIS, May 26, 2010-- eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of
smarter transaction management solutions, today announced the sale of its USP
(Universal Services Platform) business to Oracle.
Oracle and eServGlobal have entered into a definitive
agreement under which Oracle will purchase ownership of eServGlobal's USP
assets, which includes a pre-paid charging application, a network-services
platform and a messaging gateway, currently supporting more than 25 tier-one
customers including the world's largest IT-based installation of pre-paid
services. The Board of Directors of eServGlobal has unanimously approved the
transfer of the USP products which include ChargingMax, NumberMax, uVOMS,
MessageMax, PromoMax Express, UMS and Social Relationship Management to
Oracle.
eServGlobal's major shareholder, Guinness Peat Group (holding
approximately 19% of the issued share capital of eServGlobal) has entered
into an agreement with Oracle under which it agrees to vote its shares in
favour of the transaction. In addition, MHB Holdings Pty Ltd, Wallaby Hill
Pty Ltd and Craig Halliday (representing approximately 20% of eServGlobal's
issued share capital in aggregate) are supportive of the transaction and have
confirmed in writing to eServGlobal that in the absence of a superior
proposal from a third party, they intend to vote their shares in favour of
the resolution to approve the transfer.
"Oracle and eServGlobal have been industry pioneers for more
than 20 years. This deal represents a strategic move for both companies.
eServGlobal will focus its technology and resources on the m-Money and Value
Added Services businesses and in expanding our Software as a Service (SaaS)
delivery and licensing models to take advantage of this high growth
opportunity," said eServGlobal CEO Richard Mathews. "By purchasing the
charging product line and all USP-based products, Oracle has acquired leading
technology that supports one of the largest installed charging bases in the
world and provides our customers with cost-efficient routing of international
calls, SMS and multi-media messages using a combination of TDM and SIP
networks."
The deal is anticipated to close in the second half of 2010,
subject to certain regulatory approvals and customary closing conditions.
About eServGlobal
eServGlobal provides solutions for Smarter Transaction
Management, driving more value from each telecom transaction.
We enable new business models for tomorrow, while maximizing
our customers' investments today. Mobile, fixed, Internet and multi-play
communications providers use our world-leading, real-time capabilities to
significantly increase revenues, customer loyalty and expenditure efficiency.
Today more than 80 customers, in over 50 countries, perform
over 2.4 billion transactions per day using our solutions. eServGlobal has
the largest payment installed base in the world.
Our customers drive our solutions, which are rapidly developed
and deployed to allow the customer to succeed in changing markets. This
customer led approach to our business enables our customers to quickly create
and launch new services and personalized, real-time promotions to lead and
innovate in their markets.
eServGlobal specializes in agile mobile payment, retention,
messaging and VAS solutions. Our HomeSend solution is the only GSMA endorsed
mobile-centric international remittance hub, allowing operators rapid access
to this lucrative market.
With 17 offices globally we provide flexible end-to-end
solutions with ongoing product development and worldwide implementation and
support services.
eServGlobal is listed on the Australian Stock Exchange (ESV)
and the London Stock Exchange AIM (ESG). More information at:
http://www.eservglobal.com
Source: eServGlobal
For further information, please contact: Sally Bennett, Communication Manager, T: +33-1-46-12-77-46, sally.bennett@eservglobal.com, F: +33-1-46-12-77-49; Katia Hilal, Marketing Director, T: +33-1-46-12-58-85, katia.hilal@eservglobal.com, F: +33-1-46-12-77-49