Billing companies Basset and TailorMade merge in 2013
(Cision (English) Via Acquire Media NewsEdge) First of January 2013 Basset AB will merge with TailorMade Consulting Group Sweden AB under the brand Basset. Both companies are owned by Modern Holdings Incorporated, a U.S. holding company. Both companies are specialized in software within the domain "Billing". The companies also have their history in the telecom industry but while Basset has stayed in the industry, TailorMade have been focusing on the energy market, where the need for more complex billing solutions increases with the rollout of smart meters and smart grids. The merged company will continue to focus on billing solutions for the Telecom and the Energy industries. Turnover for 2013 will be more than €11 million, and the company will have about 80 employees. The Company has over 200 installations in 70 countries, within telecom operators and utilities around the world. Jens Björkman, President of both Basset and Tailor Made, will continue as CEO of the new merged company and comments the merger as follows: - We are already a clear leader in our respective fields and markets. With this merger we can strengthen this lead further. The expertise we have in the area of billing and the "installed base" we have, will be a huge asset to our clients in the future product development. One of the driving forces behind the merger is product innovation within the billing domain, a very transaction intense environment. The possibilities and challenges of large transaction volumes are something the new company will work with and develop further. - I look forward to the merger. It will strengthen our brand further as we have great synergies in e.g. product innovation and software development. This is a merger with clear focus on growth and innovation. Both companies have a history of similar products with a focus on modular and easily integrated products. Going forward, this will be strengthened further, continues Jens Björkman. Jens Björkman, CEO TailorMade/Basset: +46 (0)70- 410 73 00 firstname.lastname@example.org or email@example.com Basset develop and implement billing solutions for the Telco and utility industries. We have 15 years of experience with installations in 15 countries. We focus on delivering innovative billing solutions that can increase flexibility and add new capabilities to the existing Billing / CIS systems. Read more at www.basset.com
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