Intec, a leading provider of business and operations support systems (BSS/OSS) and services to the global telecom industry, has announced the completion of its acquisition of the operating assets of outsourced billing and business process outsourcing (BPO) specialist EUR Systems. The EUR assets will be added to Intec's existing service bureau operations in North America, to offer a comprehensive suite of end-user and wholesale billing and BPO solutions to the North American ILEC, CLEC and IXC market. The consideration, which will be paid in cash, is approximately US$13.4mn, subject to a working capital adjustment. The value of the gross assets acquired is approximately US$6.6mn. The acquisition of EUR provides Intec with a centre of competence in outsourced billing and business services which, when combined with its existing Carrier Access Billing (CABS) and retail billing service bureaus, will make it one of the leading players in this market. The acquisition expands the Intec portfolio through the addition of a broad range of business process outsourcing services and also provides an opportunity for Intec to increase efficiency in its existing service bureau operations through economies of scale.
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