RNS Number : 0725U
Vodafone Group Plc
08 October 2010
8 October 2010
VODAFONE TAKES A LEADING POSITION IN TELECOM EXPENSE MANAGEMENT
Vodafone Global Enterprise - the business within Vodafone which manages the communications needs of its largest multinational customers - today announces the acquisitions of two telecom expense management ("TEM") companies: Quickcomm and TnT Expense Management.
Multinational companies require full visibility and control of both fixed line and mobile spending as they grow, shrink or change the scope of their operations. Vodafone Global Enterprise already has a strong track record in expense management and these two acquisitions will propel Vodafone into being a leading TEM company for multinational organisations.
Quickcomm, a leading developer of TEM software, is headquartered in Sydney, Australia and has offices in the US, UK and Singapore. Quickcomm will continue to sell and provide ongoing support for its products, as well as becoming a fully integrated part of the Vodafone Telecoms Management solution.
TnT Expense Management is a leading services provider of TEM. It is headquartered in Sandy Hook, Connecticut and has offices in New York, the UK, Germany and France. Its managed telecoms expense service, based on expert analysis as well as automated bill processing, will be a strong addition to Vodafone Global Enterprise's existing services team.
The value of the gross assets being acquired are US$6.9m for Quickcomm and US$2.8m for TnT Expense Management.
"Our 570 multinational corporate customers tell us that they want Vodafone Global Enterprise to help them reduce cost, increase visibility and improve management control across their global footprint," said Nick Jeffery, CEO of Vodafone Global Enterprise. "These acquisitions will benefit our customers by providing even greater visibility and control of their fixed and mobile spend and this, in turn, will further the business case for multinationals to adopt unified communications solutions."
About Vodafone Global Enterprise
Vodafone Global Enterprise provides managed communications services to many of the world's leading global companies. It operates across five regions: Northern Europe; Central Europe; Southern Europe; the Americas; Asia Pacific and Africa, with teams based in 21 countries across the globe. Vodafone was positioned by Gartner in the leaders' quadrant in its 'Magic Quadrant for Pan-Western European Mobile Service Providers' Report 2009, and Vodafone Global Enterprise won the 'Best Mobile Enterprise Service' category at the 2009 Global Mobile Awards at Mobile World Congress.
Quickcomm is a global leader of Telecom and Mobile Management solutions, enabling enterprise organizations and managed service providers to maximize the value of their telecom investment. Its premier solutions provide the capability to manage, control and align telecom and mobile infrastructures with organizational needs in order to achieve operational efficiencies and dramatically reduce costs. Quickcomm's unrivalled technology, extensive experience and commitment to delivering exceptional customer service have made it the preferred choice by leading organizations around the globe.
About TnT Expense Management
TnT Expense Management is the leading global provider of Telecom Expense Management solutions for enterprises and mid-market clients in all major industries and government entities. TnT's managed services, through its detailed inventory management practices, effectively reduces its client's overall telecom spend and gives control and visibility to its clients telecom environment.
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