Comverse Inc. has signed a definitive agreement to acquire the GSS division and certain related assets of CSG Systems International for approximately US$251mn in cash, subject to certain adjustments. The combination of GSS, a leader in software-based billing solutions, with Comverse's Real-Time Billing  group, is expected to expand significantly Comverse's addressable market, and enhance its leadership position in the emerging converged billing market, serving wireless, wireline, cable, satellite, and Internet-based service providers. The acquisition, which is expected to close by the end of Comverse Technology's fiscal 2005 (ending January 31, 2006), is projected to be slightly accretive to the company's fiscal 2006 pro forma net income. Pro forma net income excludes the impact of purchase accounting adjustments related to the write-down of deferred revenue, amortization of intangibles, and other acquisition-related costs, among other items.
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