Thursday, March 2, 2006
CSG Buys Software Provider
Englewood, Colorado-based CSG said yesterday that it is acquiring Telution, inc., a Chicago-based provider of operations support system software for the cable and communications industry. CSG said that it has signed a definitive merger agreement to acquire the firm, and will pay $22M in cash plus up to $8M in contingent payments over the next three years. CSG said that it would incorporate Telution's existing software into its billing and customer care solution, which it sells to cable and satellite operators. The acquisition is expected to add $5 to $7M in revenues for 2006.