Redknee Solutions, today announced that it has reached an agreement to acquire privately held Orga Systems for a total cash consideration of €38 million to increase its market share with customers across telecom and non-telecom industries. Orga’s technology and expertise will enhance Redknee’s real-time monetization and subscriber management platform for communication service providers and the Internet-of-Things(IoT). Orga’s team of more than 500 employees across Europe, Middle East, and Africa (EMEA), the Americas, and Asia Pacific will join Redknee.
According to Redknee, when integrated with Redknee’s real-time charging, policy, billing and customer care platform, the combined product suite will enable Redknee to accelerate and expand its reach into the growing market for IoT monetization. Orga’s portfolio of real-time software products caters for diverse sectors, including telecommunications providers, energy suppliers, railway companies and car manufacturers such as BMW which has deployed Orga Systems’ solutions.
Lucas Skoczkowski, CEO of Redknee
As we move forward with the integration, we will leverage our combined product portfolio to expand and enhance our best-of-suite customer focused solutions. We will continue to focus on delivering innovative software solutions. We expect that this acquisition will be accretive and will advance Redknee’s strategy of being the largest independent provider of choice for real-time monetization and subscriber management software.
Wolfgang Kroh, CEO of Orga Systems
We are convinced that by joining forces with Redknee we have laid the foundation for future success and growth to the benefit of our customers, partners and employees.