July 1, 2012
Teligent sold to Altruist Technologies
VAS on mobile, fixed and IP networks delivered to top-tier operators worldwide
Teligent is a leading provider of innovative infrastructure solutions and value-added services to telecom network operators.
The Company supports its customers worldwide with network services, call completion solutions, enterprise services, mass calling systems and real-time charging enablers.
Using its patented P90/E architecture for services, a true single-platform architecture for service development, Teligent enables operators and carriers to host and deliver value-added solutions on mobile, fixed and IP networks.
Leading operators worldwide have deployed Teligent’s solutions, including BT, Vodafone, DTMS, Telenor and Maroc Telecom.
Doubling Altruist’s revenues and acts as launchpad into Europe and USA
India-based Altruist Technologies started in 2005 and specializes in the fields of voice- and web-based value-added services.
The company has followed an aggressive inorganic growth strategy in the past years, with Teligent (acquired in July 2012 in an all-cash transaction) being the largest transaction to date.
While Altruist has presence in Southeast Asia, the Middle East and Africa, this acquisition will expand its presence in Europe, North Africa and the US.
With the addition of Teligent, Altruist Technologies also expects to double its revenues.
GCA Altium acted as sole advisor to the sellers.