Neustar, a provider of numbering and directory services that enable trusted communication across networks, applications and enterprises around the world, has completed the acquisition of assets from Evolving Systems' (News - Alert) Numbering Solutions business.
TMCnet reported the deal early in April this year.
The deal, worth approximately $39 million in cash, is the least cost routing provider's latest strategic investment that strengthens and expands its business and information analytics portfolio. The Numbering Solutions business expands Neustar's Carrier Services portfolio, adding new operational support systems (OSS) solutions.
“The proliferation of network-connected devices provides consumers with valuable services, but also significantly increases the complexity in operators' networks,” said Lisa Hook (News - Alert), Neustar's president and chief executive officer, in a statement. “Neustar's aim is to provide solutions that help operators simplify their OSS architectures by offering increased network and service intelligence.”
The addition of the Evolving Systems' Numbering Solutions business to Neustar’s Carrier Services portfolio enables Neustar to further streamline network management and improve the quality of services offered in an IP world, Hook added.
The Numbering Solutions technology is complementary to Neustar's numbering services, according to company officials. It offers operators order management and inventory solutions through either a locally deployed or hosted model.
By integrating Numbering Solutions business with Neustar's Carrier Services operating segment, Neustar can help customers better manage the transition to IP networks, reduce network complexity, and increase their ability to deliver advanced services, company officials added.
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Tammy Wolf