Convergys Buys UK Software Maker

Share this content:
U.S. teleservices giant Convergys bought British software maker Geneva Technology Ltd. yesterday in a bid to increase its presence overseas.

Convergys paid Geneva shareholders 17.6 million shares of its own stock in a deal valued at $692 million, according to reports. The companies expect the agreement to close in April.

Convergys predicted that the merger would create $70 million in new revenues this year, $125 million next year and $210 million in 2002.

Geneva, Cambridge, UK, provides billing solutions for telecommunications, utilities and online businesses. The company has more than 400 employees and offices in Frankfurt, Madrid, Paris and Washington.

The merged companies will continue to offer Geneva's solutions as stand-alone products but will also incorporate Geneva technology into customer care solutions provided by Convergys.

Convergys, Cincinnati, handles more than 1 million customer interactions daily through its 46 contact centers in the United States, Canada, Latin America, Israel and Europe.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above