Hansen Buys the Ventyx Banner CIS Business in North America
Hansen Technologies Limited (ASX: HSN), a global provider of billing and customer care solutions for the Energy, Pay TV, and telecommunications markets, has acquired Banner CIS, the Utilities Billing & Customer Care division of Ventyx.
May 18, 2014 (Newswire.com) - Hansen Technologies Limited (ASX: HSN), a global provider of billing and customer care solutions for the Energy, Pay TV, and telecommunications markets, has acquired Banner CIS, the Utilities Billing & Customer Care division of Ventyx.
The Banner CIS software suite of products will complement Hansen's existing billing and customer care solutions for the utilities market in North America, and adds a Water supply segment to the deep portfolio of existing customers in the Gas and Electricity markets. Banner CIS customers are located in over 30 states throughout the USA, as well as Canada and the Caribbean.
"This acquisition brings us a strong team, with specialized domain knowledge, and an established product in the water and municipal market. It is an excellent fit with our existing portfolio of products and we are very excited about the opportunity it represents to continue growing our business across markets," said Andrew Hansen, CEO of Hansen.
Ventyx and Hansen have also entered into a Teaming Agreement in support of existing shared customers, and future opportunities. The acquisition adds 33 subject matter experts to an already strong North American team that now numbers over 100 staff, providing an increased depth, breadth and range of services in North America.
The Banner CIS business is expected to represent in excess of 10% of the combined Hansen worldwide revenue, and will be immediately earnings accretive. The purchase is being funded from a combination of Hansen's internal cash resources and existing third party debt facilities.
About Hansen Technologies Limited
Hansen Technologies Limited is a leading provider of proprietary billing solutions and IT outsourcing services. Its flagship HUB billing software solutions have application across the Telecommunication, Electricity, and Gas and Water industries. HUB is increasingly providing the solution for the needs of energy companies as the push towards market deregulation expands and into telecommunication companies as they pursue convergence and rationalisation. Hansen provides facilities management and outsourcing services from its purpose-built data centres located in Melbourne. Hansen also supports the Classic Superannuation administration solution. Founded in 1971, Hansen has offices in Australia, United Kingdom, United States and New Zealand.
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world's largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance, and execute the right strategies for the future. For more details, see www.ventyx.comwww.ventyx.com.
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