Nokia announces its intention to acquire OSS vendor Comptel to advance its software strategy by launching a recommended cash tender offer for all the shares and option rights in Comptel. The company has offered to buy Comptel for $370 million.
Nokia and Comptel have on Wednesday entered into an agreement under which Nokia, through its wholly owned indirect subsidiary Nokia Solutions and Networks undertakes to make a voluntary public cash tender offer to purchase all of the issued and outstanding shares and option rights in Comptel that are not owned by Comptel or any of its subsidiaries.
The planned acquisition is part of Nokia's strategy to build a standalone software business at scale by expanding and strengthening its software portfolio and go-to-market capabilities with additional sales capacity and a strategic partner network. Comptel would bolster Nokia's software portfolio by adding critical solutions for catalogue-driven service orchestration and fulfillment, intelligent data processing, customer engagement, and agile service monetization.
The combination of Nokia's Service Assurance portfolio and Comptel's Service Orchestration portfolio would enable a dynamic closed loop between service assurance and fulfillment that simplifies management of complex heterogeneous networks, said Nokia. When combined with Nokia's Cloudband and Nuage portfolios, Nokia would be able to provide customers with complete, end-to-end orchestration of complex Network Function Virtualization (NFV) and Software Defined Networking (SDN) deployments.
