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Billing companies Basset and TailorMade now merged
[January 09, 2013]

Billing companies Basset and TailorMade now merged

(Cision (English) Via Acquire Media NewsEdge) First of January 2013 Basset AB merged with TailorMade Consulting Group Sweden AB under the brand Basset. Both companies are owned by Modern Holdings Incorporated, a U.S. holding company. The companies are specialized in software within the domain "Billing". Both 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 300 installations in 70 countries, within telecom operators and utilities around the world. Jens Björkman continues 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. - This merger 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.

For more information, please visit our brand new website: www.basset.com Jens Björkman, VD Basset: 46 (0)70- 410 73 00 jens.bjorkman@basset.com Basset develops and implements billing solutions for the Telecom and Utility industries. We have 16 years of experience with installations in 70 countries. Our offering holds world class products and is designed for you to get the most out of investments already made. Our focus is on solving real problems and helping your business leapfrog the competition. Read more at www.basset.com This information was brought to you by Cision http://www.cisionwire.comhttp://www.cisionwire.com/basset/r/billing-companies-basset-and-tailormade-now-merged,c9355147 (c) 2013 Cision. All Rights Reserved.

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