Redknee Solutions has closed the acquisition of Orga Systems, concluding a deal which was announced on June 23.
“With support from our customers, this acquisition further accelerates Redknee’s strategic plan realization and creates one of the best positioned real-time monetization and subscriber management software companies in our space,” said Lucas Skoczkowski, Redknee’s CEO.
The completion of this acquisition increases Redknee’s market share and strengthens the company’s technology and expertise across the communications, automotive, energy, and transportation sectors.
Orga customers include America Moviles, Astelit, Avea, BMW, Telecom Italia Group and Meralco Philippines.
The combined company has a comprehensive product suite addressing real-time monetization and subscriber management, catalog and order management.
Orga’s highly skilled team across Europe, Middle East, and Africa (EMEA), the Americas, and Asia Pacific will join Redknee, broadening its global reach.
The acquisition is said to further solidify Redknee’s position in its existing markets, and provides the foundation to pursue additional opportunities within the Internet of Things (IoT).