Netcracker Technology has completed the acquisition of CoralTree Systems, a provider of converged solutions for European service providers.
The acquisition includes CoralTree's technology solutions and skilled resources in systems integration, business operations support and other professional services.
CoralTree's solutions also include technology assets in video activation, BSS and OSS which complement Netcracker's solution portfolio.
Netcracker has seen significant business growth and market momentum during the past 18 months due to its involvement in large-scale transformation projects that enable operators around the world to become digital service providers.
The acquisition of CoralTree Systems will enable Netcracker to support this growth and further accelerate the delivery of similar strategic projects worldwide, the company said.
The acquisition of CoralTree Systems brings two key complementary assets to Netcracker. First is a skilled workforce experienced in delivering and operating large projects across video as well as BSS and OSS domains, helping European cable operators, service providers and enterprises become digital service providers.
Second is a portfolio of video activation solutions and tools for delivering and improving digital services and customer experience across video, BSS and OSS domains.
"CoralTree's outstanding workforce and technology toolsets perfectly complement Netcracker's own assets and the combination of these two companies will deepen our relationships with customers around the world,” said Andrew Feinberg, president and CEO of Netcracker Technology.