The Colorado company said Tango’s telecom software for generating new revenue streams was a ‘natural extension’ of its own services.
Tango Telecom, a Limerick company that builds software for the telecoms sector, has been acquired by US company CSG.
Tango, founded in 1999, is developing a monetization platform for telecom operators. It serves clients including América Móvil and Airtel, with operations spread across 50 countries and 1bn customers. It was supported by Irish investment firm Delta Partners.
The Limerick company had been a longtime CSG partner prior to the acquisition. No financial terms have been revealed for the deal.
“Our decade-long partnership with CSG operates end-to-end mobile monetization solutions for leading providers around the world,” said Colm Ward, chief executive of Tango Telecom, said .
“Now as an integrated company, we can use the momentum we have built to further accelerate the growth of our CSP. [communications service provider] customers, enabling them to capture a larger share of the market and make significant use of new revenue-generating resources powered by the 5G world. “
Colorado-based CSG was founded in 1982 and builds solutions for the telecoms sector to help monetize and retain customers. It is listed on the Nasdaq and reported revenues of $ 253.1m for the first quarter of this year.
According to CSG, the combination of the two companies will create a complete solution for monetization and billing on 4G and 5G networks.
Ken Kennedy, chief operating officer at CSG, said Tango’s core policy on controlling and messaging capabilities was “a natural extension” of its own services, which extend to 120 countries.
“5G has accelerated the number of digital services that CSPs can deliver on next-generation networks. This new paradigm will open the doors to new data revenue streams that will enable CSP to monetize every aspect of their customers ’home experience and on-the-go experience,” Kennedy said.
“The addition of Tango Telecom to the CSG platform means our CSP customers can more effectively manage data transactions that not only drive the delivery of critical services, but also the cause for delivery. of a dynamic and exceptional customer experience. “
It marks the latest acquisition by an Irish company in the telecoms software space. Dublin company Anam, which develops software for telecoms to address and prevent fraud, is recently acquired by Infobip of Croatia.
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