MIND CTI Expands with Acquisition of Aurenz GmbH

Deal News | Jan 10, 2025 | Globenewswire

MIND CTI Expands with Acquisition of Aurenz GmbH

MIND C.T.I. Ltd., a prominent provider of convergent end-to-end billing and customer care solutions, has announced the acquisition of Aurenz GmbH, a leader in UC analytics and call accounting solutions in Germany. The acquisition, valued at approximately $1.88 million in cash, is intended to enhance MIND's position within the European markets by leveraging Aurenz's reputation and expertise, particularly within Germany. Under the terms of the agreement, Aurenz's Managing Director, Jrgen Dagutat, will continue to lead the organization to ensure service continuity and further partnership development. This strategic move is expected to be marginally accretive to MIND's earnings per share, excluding acquisition-related items, starting in fiscal 2025. The transaction aligns with MIND's goals to expand its market presence through strategic assets and solidify its standing as a leader in UC analytics.

Sectors

  • Technology
  • Telecommunications

Geography

  • Israel – MIND CTI is headquartered in Israel and operates globally, highlighting the geographic origin of the acquiring company.
  • Germany – Aurenz GmbH is based in Germany, which is a significant location for the acquired company's business operations.

Industry

  • Technology – The acquisition involves companies focused on technology solutions, specifically unified communications analytics and call accounting solutions.
  • Telecommunications – MIND CTI provides billing and customer care solutions for telecommunication service providers, which is central to their business model.

Financials

  • $1.88 million – The cash amount MIND C.T.I. Ltd. paid to acquire Aurenz GmbH.

Participants

NameRoleTypeDescription
MIND C.T.I. Ltd.Acquiring CompanyCompanyMIND C.T.I. Ltd. specializes in convergent end-to-end billing solutions and customer care product-based solutions for global service providers.
Aurenz GmbHTarget CompanyCompanyAurenz GmbH is a provider of unified communications analytics and call accounting solutions based in Germany.
Jrgen DagutatManaging Director of Aurenz GmbHPersonAs the Managing Director, Jrgen Dagutat will continue to lead Aurenz post-acquisition to ensure continuity.
Ariel GlassnerChief Executive Officer of MINDPersonCEO of MIND, Ariel Glassner, speaks about the strategic importance of the acquisition for enhancing UC analytics capabilities.