Comptel acquires Xtract for €3,1M

 In Industry News

Comptel acquirers Xtract for €3,1M

Comptel Corporation (Helsinki, Finland) is acquiring Xtract Oy (Espoo, Finland) an Independent Software Vendor specialising in advanced analytics, for a total consideration of EUR 3.1 million (enterprise value). Xtract has approximately 20 customers including telecom operators AVEA in Turkey, DNA in Finland, Megafon in Russia and TeliaSonera in Finland as well as insurance company If, retail and media companies. Xtract’s net sales were EUR 2.4 million in 2011. Xtract has 27 highly skilled employees which are mainly based in Espoo, Finland.

Comptel’s strategy is around building an integrated offering for service providers to manage the customer experience and to drive new revenues from their subscriber base. Comptel has a global platform for information extraction and automated service fulfillment with 280 customers worldwide. By acquiring Xtract the company will be able to combine analytics capabilities with its existing assets. This offering will enable operators to react quickly to events from the network and transform them automatically into relevant and timely actions that improve the customer experience.

Juhani Hintikka, President and CEO of Comptel

“Xtract is globally a leading expert in advanced customer analytics. This acquisition completes Comptel’s ‘event-analysis-action’ vision, which will help telecom operators provide value to their customers and operations by driving real-time business decisions. Delivering on this vision is a key for our growth in our recently communicated strategy”, comments Mr Juhani Hintikka, President and CEO of Comptel.

The transaction is estimated to close in mid-February 2012 from which time onwards Xtract Group will be consolidated into Comptel Group financials. The acquisition is financed through Comptel Corporation’s liquid assets. The main selling shareholders are private equity funds managed by Creandum, Innovations Kapital and Verdane.

Source: Comptel

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