RealTime IT News

Daleen Technologies Lands Inlogic Software

Billing software provider Daleen Technologies Inc. Friday acquired e-commerce billing company Inlogic Software Inc. in a stock exchange worth $64.8 million.

All of Inlogic's outstanding shares and options will be exchanged for 2.385 million newly issued shares and options of Daleen. Chief Executive Officer James Daleen will merge Inlogic into its operations with the intention of expanding resources in Toronto in order to continue the advancement of Inlogic's products. Inlogic's President and CEO Mohammad Aamir will become executive vice president reporting to James Daleen and will also serve as president of Daleen Canada.

Daleen (DALN) said the acquisition will improve its customer self-care and electronic bill presentment technology. The two companies have already marketed their products jointly to customers.

Inlogic's e-business solution includes:

  • E-care -- An electronic customer relationship management software solution providing with billing sytems and customer self-care capabilities. eCare enables service providers to enhance customer satisfaction while significantly reducing related operating costs
  • E-partner -- A suite of partner relationship management products that provide B2B electronic-bonding gateways designed to interconnect the operations support systems (OSSs) of service providers that must trade information and share network capabilities for a growing range of services for customers
"We are excited to join the Daleen family because they have demonstrated tremendous market leadership, and we believe that together we can grow our business much faster than as separate companies," said Mohammad Aamir, president and CEO of Inlogic.

The acquisition was the highlight of a full day for Daleen, who also forged an alliance with MetaSolv Software Inc. (MSLV) through which the two companies plan to integrate Daleen's Billplex and MetaSolv's Telecom business solutions to help communications providers establish client management systems.