29th Sep 2005 09:37
eServGlobal Limited29 September 2005 Sydney, Australia - 29 September 2005 eServGlobal Announces Plans to Acquire a Leading Provider of Value AddedServices Software for Telecommunications Carriers. eServGlobal Limited (ASX: ESV and LSE: ESG), a worldwide supplier of independentand flexible network intelligence systems, today announced that it is indiscussions that may lead to the acquisition by eServGlobal of a privately held,leading worldwide provider of telecommunications value added services softwarebased in the European Union. Key points: • Deal would substantially increase the end-to-end breadth of the existing eServGlobal solutions. • Expands eServGlobal's existing capabilities in the areas of network evolution, convergent charging and next generation messaging. • Target company is already profitable, and is larger than eServGlobal. • Brings over 60 telecommunications carrier customers in 40 countries, with no overlap with existing eServGlobal customers. • As required by relevant local rules, eServGlobal has today applied for its shares to be suspended on the AIM Market of the London Stock Exchange. • eServGlobal expects trading will continue without suspension on the Australian Stock Exchange. • The acquisition is subject to, amongst other matters, further due diligence by eServGlobal on the target company, the negotiation and agreement of a definitive purchase agreement, a successful placement of shares by eServGlobal and eServGlobal shareholder approval. Notice of shareholder meeting follows. The target company provides leading software solutions complementary to theeServGlobal focus areas of charging and messaging. The move would alloweServGlobal to provide a comprehensive suite of solutions in these areas fortelecommunications operators, aiding operators in the critical areas ofoperational efficiency, technology migration, and improved network economics. Considered by many to provide one of the most mature sets of solutions in itstechnology area, the target company currently serves over 60 telecommunicationscarriers in over 40 countries. Neither company today sells its products to theother's customers, providing the possibility for eServGlobal to immediatelyincrease its worldwide market share and to speed growth through offering alarger breadth of integrated solutions across the combined customer base. The acquisition would represent a milestone for eServGlobal in an ongoingcommitment to listen and respond to its customers' business needs. By constantlyaligning its product offering with operator needs, eServGlobal ensures leadingoperators maximise their return on investment with long-term cost of ownershipadvantages. The Company intends shortly to issue a further announcement in due course inaccordance with Schedule 4 to the London Stock Exchange AIM Rules in relation tothe proposed acquisition, and thereafter to prepare and send an admissiondocument to shareholders, at which point it is expected that the sharesuspension on the London Stock Exchange AIM Market will cease. About eServGlobal eServGlobal Limited (ASX:ESV & LSE:ESG) delivers Better Network Intelligence.eServGlobal specializes in independent and flexible network intelligence systemsso that enhanced telecoms services can be launched and individualized faster. eServGlobal's systems are deployed in the networks of leading operatorsworldwide and support over 200 million revenue-generating calls every day. Headquartered in Sydney, Australia, eServGlobal has operations in Belgium,Denmark, Germany, India, Indonesia, the Netherlands, New Zealand, Poland, HongKong and the UK. More information can be found at: http://www.eservglobal.com Notice of Meeting follows. Paste the following link into your web browser to download the PDF document related to this announcement: http://www.rns-pdf.londonstockexchange.com/rns/9294r_-2005-9-29.pdf ___END___ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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