Sigma Systems Announces Sale of Company to Hansen Technologies
Sigma Systems, the global leader in catalog-driven software is pleased to announce its acquisition by Hansen Technologies, a leader in billing, data management and customer care solutions for the Energy, Water, Pay-TV, and Telecommunications industries. Upon closing of the sale, Hansen will acquire full ownership of Sigma Systems. Hansen Technologies is a publicly traded company listed on the Australian Stock Exchange (ASX:HSN).
In today’s highly disruptive environment, service providers are focusing on how to accelerate product and service innovation, transforming their businesses into digital organizations that can more effectively create new innovative offerings, sell them without friction in the customer’s channel of choice, and deliver those services as promised. From digital service innovation through to revenue realization and customer support, the acquisition of Sigma and the resulting combined product offerings of the two companies will further strengthen and expand the value proposition across the Telecom, Media, IoT, Energy and Utilities industries we serve. The combination of these two fast-growing companies creates an even stronger organization with greater expertise, a deeper bench of talented delivery specialist, expanded R&D scale and a broader diversification of our business across industry verticals.
Andrew Hansen, Chief Executive Officer of Hansen Technologies, commented: “It’s with great enthusiasm that I welcome Sigma Systems to the Hansen Technologies Group. The acquisition represents a strategic move to enhance our value proposition to the telecom, pay-tv and energy verticals. Over the course of the last ten years, we have driven an exceptional growth strategy through acquisitions, achieving a compound annual growth rate of 28% over the last 4 years. Bringing Sigma Systems onboard further strengthens our ability to provide valuable solutions to our customer base and creates new expansion opportunities to cross-sell Sigma’s software solutions into our broad base of energy customers.”
Tim Spencer, Chief Executive Officer of Sigma Systems, commented: “With over a 23-year history serving the needs of the telecom industry, it is with great pride that we move to the next chapter in Sigma’s history. In the last year, Sigma has been pursuing an aggressive growth strategy through increased focus on product and cloud adoption, growth through adjacent verticals, and an enhanced go-to-market partner strategy. The acquisition of Sigma by Hansen Technologies represents two strong companies coming together, a strong combined value proposition, and the acceleration of the Sigma strategy. We look forward to the new opportunities in front of us to drive value for Sigma and Hansen customers and shareholders of the company.”
The acquisition of Sigma Systems is set to close on May 31, 2019. For further information about Sigma Systems, its award-winning products and services, and getting Next Done Now visit www.sigma-systems.com or contact us at email@example.com.
For further information about Hansen Technologies visit www.hansencx.com.
About Sigma Systems (sigma-systems.com or Twitter @SigmaSystems)
Sigma Systems is the global leader in catalog-driven software solutions for communications, media, and high-tech companies. It serves over 80 customers in 40 countries with its award-winning products. The company’s portfolio spans enterprise-wide Catalog, Configure Price Quote (CPQ), Order Management, Provisioning, Insights and Portfolio Inventory products, and offers a core set of services including professional services, cloud services, and managed services. Sigma utilizes an agile approach to implementing its B/OSS products for its customers. Sigma has offices in North and South America, Europe and Asia Pacific, with technology and integration partners globally.
About Hansen Technologies
Hansen Technologies is a global leader in billing, data management and customer care. With over 40 years’ experience, Hansen Technologies Group employs over 1000 experts. Hansen’s proven and scalable solutions as well as innovative and flexible offerings, enable more than 500 clients to deliver cost-effective end-to-end business initiatives to improve their customers’ experience.
Hansen has offices throughout the world in Denmark, Finland, Norway, Sweden, Germany, Netherlands, Australia, New Zealand, China, Argentina, South Africa and in the USA servicing customers in over 80 countries. www.hansencx.com
Senior Corporate Communications Manager
+1 647 204 0999
Head of PR
Milner Strategic Marketing Ltd.
+44 1473 633123
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Denodo Announces DataFest 2019 in London: Third Annual Conference in Europe for Data Professionals Provides Valuable Insights on Machine Learning, Cloud and Advanced Analytics18.10.2019 06:15:00 CEST | Press release
Denodo, the leader in data virtualization, announced its 3rd annual user conference in Europe, Denodo DataFest, on 23rd October in London. In this conference, attendees will learn strategies on how to leverage data virtualization to enable highly flexible, agile, and powerful BI architectures that are paving the way to multi-cloud adoption. The event can be attended in person or online by connecting to the live stream. “I am looking forward to speaking at the Denodo DataFest 2019 user conference and am excited to share how we are using data virtualization to enable self-service BI for business users at Festo,” said Diethard Frank, IT Product Manager, Big Data & AI Services at Festo. “I’m excited to share our experience and lessons learned that will hopefully help other organizations think about how to leverage modern technology approaches to truly innovate and uncover hidden value from their data.” Through this immersive conference, Denodo is bringing together visionary leaders and tec
STALICLA Appoints Stéphane Baudouin as Chief of Science17.10.2019 22:01:00 CEST | Press release
STALICLA is delighted to announce the appointment of Stéphane Baudouin as Chief of Science effective from October 10, 2019. Stéphane takes over as Chief of Science from Luigi Boccuto, who will continue as Assistant Research Scientist at Greenwood Genetic Center (SC, USA). STALICLA will pursue its collaboration with the Greenwood Genetic Center, which is a leading translational research center in genetics and neurodevelopmental disorders, including ASD. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191017005803/en/ STALICLA's Chief of Science - Stéphane Baudouin (Photo: STALICLA) Dr. Baudouin is a neurobiologist with extensive research experience in the pathophysiology of Autism Spectrum Disorder. His previous work focused on the identification of molecular pathways and neuronal networks involved in the development of social skills and their breakdown in pathological conditions. Before joining STALICLA, Stéphane was a Senior
Laser System Partnership Sets Sights on Ending Toll Road Delays17.10.2019 22:00:00 CEST | Press release
A new technology partnership is set to transform road tolling for both providers and motorists alike by utilizing the latest advances in lidar technology and data analytics. Cepton Technologies, Inc. has collaborated with industrial perception and machine learning experts, MechaSpin, to develop a lidar-based solution that produces detailed 3D classification of vehicles in real time for automated tolling applications. This next-generation solution combines Cepton’s Sora-P60 with MechaSpin’s MSx software to enable immediate profiling and classification of vehicles at highway speeds in a wide range of weather and lighting conditions. Traditional tolling systems often depend on physical infrastructure to reduce vehicle speed, or tollbooths to allow for manual processing, which can cause congestion and frustration amongst motorists. Advanced systems that allow for faster tolling, however, are often subject to abuses such as leakage, while road-based sensors often fail due to wear and tear.
IFF to Release Third Quarter 2019 Results November 417.10.2019 20:15:00 CEST | Press release
Regulatory News: International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), a leading innovator of taste, scent, and nutrition, announced that it will release its third quarter 2019 earnings results following the market close on Monday, November 4, 2019. The management team will host a live webcast on Tuesday, November 5, 2019 at 10:00 a.m. ET to discuss results and outlook with the investor community. Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com. For those unable to listen to the live webcast, a recorded version will be made available for replay. Welcome to IFF At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.co
PTC Launches Global Event Series with FT Live to Help Industrial Enterprises Embrace Digital Transformation17.10.2019 18:00:00 CEST | Press release
PTC (NASDAQ: PTC) today announced the launch of Digital Transformation: The New Reality World Tour, a new event program that extends the excitement of the annual PTC LiveWorx® event. The new event program features the debut of the FT-PTC Future of Industrial Innovation Global Series, produced with FT Live, the global events arm of the Financial Times. As a component of The New Reality World Tour program, this insightful series will empower leaders of industrial companies to achieve success with their digital transformation strategies. According to McKinsey & Company, more than 70% of large-scale digital transformation efforts are likely to fail due to a lack of executive sponsorship, imprecise business cases, and delayed technology implementation. The New Reality World Tour program guides stakeholders of all levels, from the C-suite to the frontline worker, through these potential hurdles, enabling industrial enterprises to succeed with digital transformation. “The New Reality World To
Pioneer Cement of UAE to Develop US$200 Million Greenfield Cement Project in Georgia17.10.2019 17:49:00 CEST | Press release
The UAE based Pioneer Cement Industries (“Pioneer Cement”), part of Oman based Raysut Cement Company SAOG (RCC) is in the process of setting up a 1.2 m tonnes per annum capacity integrated cement plant in Georgia, Eastern Europe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191017005812/en/ Mr. Joey Ghose, RCC Group CEO (Photo : AETOSWire) Pioneer Cement owns concession to limestone mines in Georgia that will provide the key raw materials to this project. Georgia provides Pioneer Cement an opportunity to diversify from the Middle East into a market with large infrastructure growth and shortage of clinker and high-quality cement, the company said in a statement. The plant will be located near Tbilisi, adjacent to the limestone mines. The debt and equity arrangements for the project are currently being finalized and the construction work in the project is slated to commence from Q4 2019. The value of the project is estimated