ZT Acquires Both Mobile & IoT Messaging and Interact Business Units From NewNet
ZephyrTel, a division of ESW Capital focused exclusively on global telecommunications operators, is pleased to announce it has acquired the Interact and Mobile Messaging business units of NewNet Communication Technologies with immediate effect. The acquisition will integrate the Mobile Messaging, Invigorate Rating and Charging Platform and the Nimblevox Cloud IVR technology into the ZephyrTel rapidly growing Telecoms Cloud Portfolio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005330/en/
ZephyrTel's CEO, Mike Shinya (Photo: Business Wire)
ZephyrTel has built a world-class telecommunication Cloud software company to provide software solutions and services to the global telco industry. The company’s primary objective is to provide carrier-grade Cloud applications and Cloud enablement products. The goal being to deliver industry-leading throughput, robustness, scale and value to its customers at the pace they need. ZephyrTel is currently serving the telecommunications industry worldwide with software products for retail, infrastructure, mobile, cloud enablement, and customer experience.
The acquisition of NewNet's Mobile Messaging and Interact business units follows ZephyrTel's plan to provide value and enhanced throughput to telecom businesses worldwide through strategies that surround the Business Support Systems (BSS) and the rapid deployment of Cloud native solutions. NewNet products will be marketed by their current name under the ZephyrTel corporate brand in the same manner as Mobilogy, PeerApp, VoltDelta and Vasona, its existing portfolio of telecom software products. In brief, the new products in the family are:
- The NewNet Lithium and messaging products allow for the transmission of video, sound and text between mobile devices to both people and systems together with Machine to Machine (M2M) communications, a key component for Internet of Things (IoT) platforms.
- Nimblevox, the Cloud and On-Premise Interactive Voice Response (IVR) platform which provides customers with enhanced customer experience through inbound and outbound voice services.
- Invigorate, the real-time Rating and Charging system is currently used across the globe to provide services to over 20 million subscribers. Invigorate allows operators to rapidly package, promote and discount services based on customer unique preferences, whilst promoting the use of additional revenue-generating applications.
ZephyrTel will be utilising ESW’s state of the art software development and performance improvement processes to offer the industry’s highest levels of installation stability and throughput to NewNet’s customers. Additionally, the company will provide 24/7 support and high-quality global services coverage to deliver enhanced levels of business value for technology investment.
ZephyrTel CEO, Mike Shinya, commented: “We have made multiple acquisitions this year and now NewNet continues to add to our growing and extensive solutions portfolio. Now we are very well placed to serve the global telecommunications software market, from the smallest to the largest of companies. The acquisition of NewNet will significantly strengthen our portfolio in the area of innovative mobile communications and customer service, and we are delighted to bring both NewNet and its customers into the ZephyrTel family.”
For more information about ZephryTel, please visit www.zephyrtel.com.
- ENDS -
About NewNet Communication Technologies
NewNet is one of the premier global providers of next-generation mobile technology solutions offering over 25 years of expertise across four businesses: mobile messaging, payment security, interactive voice communications and broadband wireless. Dedicated to innovation, NewNet provides operators and enterprises with a broad range of solutions that are designed to optimize global communication opportunities. NewNet solutions are available in a variety of applications including on-site, hosted, cloud and managed solutions. NewNet is a portfolio company of Skyview Capital. More information is available at www.newnet.com.
Launched at the start of 2018, ZephyrTel has rapidly scaled up to reach $70M in revenue in a very short space of time. With more than 5,000 installations and 4,000 engineers in over 50 countries around the world, the firm is today installed in 75% of the leading telco carrier brands and continuously extending its telco product range. ZephyrTel is currently serving the telecommunications industry worldwide with software products for retail, infrastructure, mobile, cloud, and customer experience. More information is available at www.zephyrtel.com.
For further information please email
Mike Shinya, CEO email@example.com
Martyn Lambert, Chief Marketing Officer, firstname.lastname@example.org
Paula Elliott, Managing Director, C8 Consulting email@example.com
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