In today’s highly disruptive market place, service providers are concentrating on how they can accelerate product and service innovation to sell without friction in the customer’s channel of choice, and deliver services as promised. For such a novelty, Sigma Systems—the pioneer in catalog-driven software— is signing of a definitive agreement with Hansen Technologies for its acquisition by the latter. Hansen Technologies provides billing, data management, and customer care solutions for the Energy, Water, Pay-TV, and Telecommunications industries. The acquisition is expected to close on 31 May 2019, and Hansen will acquire full ownership of Sigma Systems.
The acquisition will result in combined product offerings of both the companies and hopes to strengthen their value proposition across the Telecom, Media, IoT, Energy and Utility industries they serve. Combined into a stronger organization with more exceptional expertise and a bunch of incredibly talented delivery specialists, the companies expect to expand R&D scale and diversification of business across various industry verticals. A Cross-sell opportunity brought into Hansen’s large utility customer base by integrating the Catalog product into their energy product offerings is a strong strategic rationale behind the acquisition.
Founded in 1996, Sigma systems with more than 70 customers and deployments in some 40 countries, is streamlining complex product and service offerings and helps to build a faster path to create, sell, and deliver new digital products and services packaged with traditional core services. Sigma has offices in North and South America, Europe and the Asia Pacific, with technology and integration partners globally.
Hansen Technologies listed on the Australian Stock Exchange (ASX: HSN) is known for its proven and scalable solutions and innovative and flexible offerings, enabling its clients to deliver cost-effective end-to-end business initiatives to enhance their customers’ experience.