Vodafone Acquires Two Telecom Expense Management Companies
October 08, 2010
By Ed Silverstein, TMCnet Contributor
Vodafone (News - Alert) Global Enterprise – the business within which Vodafone manages the communications needs of its largest multinational customers – has acquired two telecom expense management (TEM) companies: Quickcomm and TnT Expense Management (News - Alert).
Quickcomm, a developer of TEM software, is headquartered in Sydney, Australia and has offices in the United States, United Kingdom and Singapore. Quickcomm will continue to sell and provide ongoing support for its products, as well as becoming a fully integrated part of the Vodafone Telecoms Management solution.
TnT Expense Management is a services provider of TEM. It is headquartered in Sandy Hook, Connecticut and has offices in New York, the United Kingdom, Germany and France. Its managed telecoms expense service, based on expert analysis as well as automated bill processing, will be a strong addition to Vodafone Global Enterprise’s existing services team, the company said.
The value of the gross assets being acquired are US$6.9m for Quickcomm and US$2.8m for TnT Expense Management.
“Our 570 multinational corporate customers tell us that they want Vodafone Global Enterprise to help them reduce cost, increase visibility and improve management control across their global footprint,” said Nick Jeffery, CEO of Vodafone Global Enterprise. “These acquisitions will benefit our customers by providing even greater visibility and control of their fixed and mobile spend and this, in turn, will further the business case for multinationals to adopt unified communications solutions.”
Vodafone Global Enterprise provides managed communications services to many of the world’s leading global companies. It operates across five regions: Northern Europe; Central Europe; Southern Europe; the Americas; Asia Pacific and Africa, with teams based in 21 countries across the globe. Vodafone was listed by Gartner (News - Alert) in the leaders’ quadrant in its ‘Magic Quadrant for Pan-Western European Mobile Service Providers’ Report 2009, and Vodafone Global Enterprise won the ‘Best Mobile Enterprise Service’ category at the 2009 Global Mobile Awards at Mobile World Congress (News - Alert).
Ed Silverstein is a contributing editor for TMCnet's InfoTech Spotlight. To read more of his articles, please visit his columnist page.Edited by Juliana Kenny