The birth of a market leader
New Delhi, (IndiaPRwire.com) Private equity buyer Atlantic Bridge Ventures and industrial holding group Access Industries today bought over the Telecom products division of LogicaCMG to form a new company called Acision. Acision is worth £265m (US $525m) with more than 300 clients serving over one billion customers across the two industries. The company has 43 years of intellectual property and an unparalleled reputation in mobile data services. With a strong presence in the Asia Pacific region, withoffices in 10 countries, Acision servesleading clients including Airtel, Tata Teleservices, BSNL, Aircell in India; Dialog and Mobitel in Sri Lanka and Banglalink in Bangladesh. Acision will build on the firm’s heritage of pioneering innovation to expand its global market leadership position in Intuitive Messaging, Intelligent Charging, Content Enablement and Customer Intelligence Management for network operators, service providers, broadband operators, content owners and broadcasters. Acision employs approximately 1,700 people in 22 countries across six continents. Chris McDermott, CEO of Acision comments on the launch, “Acision is in the enviable position of having investors with a deep market knowledge and long term focus, supporting a team renowned for creativity and assured service delivery. We already lead the market with our products and innovation, placing us at the heart of our customers’ strategic business services. Our local expertise and global experience, teamed with new investment, put us in a great position to achieve our goal of providing solutions that make our clients successful.” Boudewijn Pesch, Managing Director of Acision in Asia Pacific said, “Asia Pacific continues to be one of the world’s largest and fastest growing markets for messaging services, and Acision is well positioned to helptelecommunications providers tap into this potential. Being a private company enables us to be more agile and innovative, building our reputation for high service levels and extending the strong presence we already have in the region.”
The company’s back catalogue of achievements include:
· Pioneering SMS, a technology for which Acision continues to lead the market (Informa)
· Processing over half of the world’s text and multimedia messages every day (Informa)
· Serving three out of four videomail users globally (Portio Research)
· Monetising over US$100 billion for network operators and service providers through its content and messaging payment systems
· Masterminding the first real time subscriber behavioural analysis for management decision making
· Enabling TV show American Idol to interact with a record breaking 60 million voters, generating revenues and additional content sales
· Processing over 18 billion text messages globally on New Years Day 2007 – a record number
· Delivering the world’s first 3G mobile messaging platform With the new investment, Acision will continue to add to this list of market achievements, making the name Acision synonymous with innovation, assured.
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