ARN

NZ's Argent picks up Aussie firm

NZ-based telecommunications software developer and integration specialist, Argent Networks, has extended its international reach with the purchase of Australian outfit, Integration Management (IM).

Although Argent already has clients in the Australasian market, the acquisition of IM gives the company an immediate footprint into other global markets.

Argent CEO, Chris Jones, said the deal meant his company could continue to grow in key global telecommunications markets, in particular Asia-Pacific and the US.

IM's products were complementary to Argent's billing and CRM solutions, he said.

"The acquisition was an ideal fit for us. I'm sure it will assist in growing Argent's overall financial and global market position as a leading supplier of operational support systems and billing solutions to telco suppliers everywhere," he said.

In 2004 Argent scored $NZ8 million in venture capital funding to expand its operations in the Middle East and Africa and has been involved in deployments in the post-war reconstructions in Afghanistan and Iraq.

Jones said Argent was growing rapidly in all its markets and wanted to make further acquisitions to accelerate penetration into other segments.

Come socialise with us! Facebook | LinkedIn

More about: HIS Limited, Integration Management

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Whitepapers
Latest Stories
Community Comments
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/442_rimage-trade-in-program-inkjet-to-everest-ther
ACA Pacific

Rimage Trade-In Program - Inkjet-to-Everest Thermal Printing. Ends June 15th, 2012.

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.