Business software provider SAP has announced a deal which sees the company acquire real-time billing solutions provider, Highdeal.
SAP said the deal was of strategic importance, because survival in the present economy depends in the introduction of innovative new services, more rapidly and cost effectively.
Says Bob Stutz, corporate officer and member of the Executive Council, SAP AG: “As business models change, communication service providers’ billing systems are rapidly becoming inadequate and not cost-effective,”
“By integrating Highdeal’s next-generation rating and charging solution with SAP’s leading billing solutions, SAP plans to deliver a robust, event-driven solution to manage the complete consume-to-cash process across business networks. I welcome the Highdeal team to SAP.”
CEO and co-founder of Highdeal Eric Pillevesse, concurs: “The Highdeal vision has been to provide our customers with breakthrough technology to support flexibility to enable dynamic business models. The Highdeal team is excited to join SAP. Together we will innovate and bring our unified solutions to more companies.”
Highdeal has more than 200 customer implementations in over 50 countries. It gained prominence in the telecommunications industry though provision of industry-specific billing solutions.