2nd Nov 2005 07:00
eServGlobal Limited02 November 2005 Sydney, Australia - 2 November 2005 eServGlobal Completes Acquisition of Ferma SA. Enhances solution portfolio with world-leading capabilities in charging andmessaging. eServGlobal Limited (ASX: ESV and LSE: ESG), a worldwide supplier of independentand flexible network intelligence systems, today announces the completion of itsacquisition of Ferma SA. The acquisition represents a milestone for eServGlobal and Ferma and combinesthe innovative technologies of both companies with an ongoing commitment tocustomers' business needs. At the closing of the acquisition, a total of 57,209,024 shares were allotted,at a value per share of GBP 0.46 (0.46 British Pounds) in two placement tranchesto investors in the UK and Australia. eServGlobal's Executive Chairman, Mr Ian Buddery, said, "This transactiondramatically changes the scale of eServGlobal and brings several significant newinvestment institutions to our share register, as well as expanded commitmentfrom our existing major investors. This represents a significant vote ofconfidence in eServGlobal. It gives a substantial uplift to shareholders'equity, and the acquisition of the Ferma SA group significantly broadenseServGlobal's international operations and provides increased opportunities forcontinuing growth." 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 300 million revenue-generating calls every day. By continually aligning its product offering with operator needs, eServGlobalensures that leading operators maximise their return on investment and achievelong-term cost of ownership advantages. Headquartered in Sydney, Australia, eServGlobal has operations in China,Belgium, Denmark, Egypt, France, Germany, India, Indonesia, the Netherlands, NewZealand, Poland, Romania, the UAE and the UK. More information can be found at: http://www.eservglobal.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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