PARIS, May 26, 2010 /PRNewswire/ -- eServGlobal Limited
(LSE: ESG & ASX: ESV), a provider of smarter transaction
management solutions, today announced the sale of its USP
(Universal Services Platform) business to Oracle.
Oracle and eServGlobal have entered into a definitive agreement
under which Oracle will purchase ownership of eServGlobal's USP
assets, which includes a pre-paid charging application, a
network-services platform and a messaging gateway, currently
supporting more than 25 tier-one customers including the world's
largest IT-based installation of pre-paid services. The Board of
Directors of eServGlobal has unanimously approved the transfer of
the USP products which include ChargingMax, NumberMax, uVOMS,
MessageMax, PromoMax Express, UMS and Social Relationship
Management to Oracle.
eServGlobal's major shareholder, Guinness Peat Group (holding
approximately 19% of the issued share capital of eServGlobal) has
entered into an agreement with Oracle under which it agrees to vote
its shares in favour of the transaction. In addition, MHB Holdings
Pty Ltd, Wallaby Hill Pty Ltd and Craig
Halliday (representing approximately 20% of eServGlobal's
issued share capital in aggregate) are supportive of the
transaction and have confirmed in writing to eServGlobal that in
the absence of a superior proposal from a third party, they intend
to vote their shares in favour of the resolution to approve the
transfer.
"Oracle and eServGlobal have been industry pioneers for more
than 20 years. This deal represents a strategic move for both
companies. eServGlobal will focus its technology and resources on
the m-Money and Value Added Services businesses and in expanding
our Software as a Service (SaaS) delivery and licensing models to
take advantage of this high growth opportunity," said eServGlobal
CEO Richard Mathews. "By purchasing
the charging product line and all USP-based products, Oracle has
acquired leading technology that supports one of the largest
installed charging bases in the world and provides our customers
with cost-efficient routing of international calls, SMS and
multi-media messages using a combination of TDM and SIP
networks."
The deal is anticipated to close in the second half of 2010,
subject to certain regulatory approvals and customary closing
conditions.
About eServGlobal
eServGlobal provides solutions for Smarter Transaction
Management, driving more value from each telecom transaction.
We enable new business models for tomorrow, while maximizing our
customers' investments today. Mobile, fixed, Internet and
multi-play communications providers use our world-leading,
real-time capabilities to significantly increase revenues, customer
loyalty and expenditure efficiency.
Today more than 80 customers, in over 50 countries, perform over
2.4 billion transactions per day using our solutions. eServGlobal
has the largest payment installed base in the world.
Our customers drive our solutions, which are rapidly developed
and deployed to allow the customer to succeed in changing markets.
This customer led approach to our business enables our customers to
quickly create and launch new services and personalized, real-time
promotions to lead and innovate in their markets.
eServGlobal specializes in agile mobile payment, retention,
messaging and VAS solutions. Our HomeSend solution is the only GSMA
endorsed mobile-centric international remittance hub, allowing
operators rapid access to this lucrative market.
With 17 offices globally we provide flexible end-to-end
solutions with ongoing product development and worldwide
implementation and support services.
eServGlobal is listed on the Australian Stock Exchange (ESV) and
the London Stock Exchange AIM (ESG). More information at:
http://www.eservglobal.com