Telecom Billing Supplier Argent Networks Acquires Australian OSS Provider

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Argent Networks secures its position as a leading supplier of OSS and telecom billing solutions by acquiring Integration Management.

For Argent, the IM deal means we can continue to grow exponentially faster in key global telecommunications markets in Asia as well as expand our existing customer base throughout other parts of the world such as the Middle East where Argent is already a dominant player.

New Zealand technology and telecommunications company, Argent Networks strengthened its position as a leading supplier of OSS and telecom billing solutions today by acquiring the Australian company, Integration Management.

As an operational support system (OSS) provider, Integration Management (IM) provides revenue assurance and settlement solution software to some of the largest telecommunications carriers in Australia, Asia, the Middle East and the United States including AAPT, Telecom NZ, Celcom of Malaysia, PLDT of the Philippines, and Indosat of Indonesia. With offices in Sydney, Singapore and Denver, Colorado, IM has a strong reputation for its technologically advanced products like "in>Bill" in the voice interconnect, content management and wholesale verification categories.

Argent already has a number of blue-chip clients in the Australian and New Zealand market, including Telstra and Virgin Mobile. Chris Jones, CEO of Argent Networks, says that the IM acquisition gives Argent an immediate footprint into other global markets particularly parts of Asia Pacific and the United States.

“For Argent, the IM deal means we can continue to grow exponentially faster in key global telecommunications markets in Asia as well as expand our existing customer base throughout other parts of the world such as the Middle East where Argent is already a dominant player.”

Jones says that for IM customers the acquisition is business as usual. Argent Networks will quickly incorporate the existing IM suite of products and now be able to offer telecommunications operators an expanded and more competitive range of solutions, including end to end OSS solutions.

“Argent is experiencing tremendous growth in all its markets and we are now looking to make acquisitions where it is strategically advantageous to do so and can help accelerate penetration into other segments. IM will certainly enable us to access even more telecommunications carriers and their customers.”

“IM’s products are also complementary to Argent’s Eclipse® billing and CRM solutions so the acquisition was a good fit for us. We are sure that it will assist in growing Argent’s overall financial and global market position as a leading supplier of OSS and billing solutions to telecommunications suppliers everywhere.”

For more information please contact:

Chris Jones, CEO Argent Networks, Mobile +64 21 633 951

Julien Leys, JML Communications, Mobile +64 21 655 598

About Argent Networks

Argent Networks provides real-time mediation, rating, billing and customer care solutions for prepaid and postpaid voice, data and content. Argent's convergent billing solutions enable communications service providers to provision, rate and bill for 3G/2.5G and 2G mobile and provide value added services and solutions including SMSC, MMS and VMS. As a leading supplier of OSS and telecom billing solutions, the company's customers include the world's largest communication providers, servicing and billing millions of subscribers in over 25 countries across the globe.

For more information, please visit http://www.argentnetworks.com

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