TNS UNVEILS RESTRUCTURED TELECOMS DIVISION
TNS, Fully Integrates Cequint Following Acquisition
November 9, 2012,:RESTON, Va: Transaction Network Services (NYSE: TNS) reorganizes its Telecommunication Services Division (TSD) to integrate its Cequint subsidiary and focus efforts on serving both the wireless and wireline markets with its broad suite of services. TNS has completed the integration of the acquired Cequint and announced the positions of the senior team. The reshuffle sees Cequint CEO Rick Hennessey at the helm of the division, who will lead a vertically integrated approach to the telecommunications sector.
In 2010, TNS acquired Cequint the leading developer of mobile carrier Caller ID and call management products and has spent the time carefully reviewing the needs and capabilities of the division versus the market. As a result, TSD has strategically realigned in order to better leverage the strategic relationships already established by Cequint within the wireless industry. This approach and a solidset of solutions specifically designed to help carrier partners will provide the platform to navigate the migration to next generation networks while continuing to improve the service they provide to their customers.
TNS' CEO Henry H. Graham, Jr. said, "As part of our long-term strategic approach acquiring Cequint has proved an important step towards creating an innovative platform. Rick and his team have done an excellent job partnering with Tier 1 telecoms carriers. We believe that with the help of Rick and his team, TNS will begin to fully realize the advantages of new strategic alignments across TSD. The combination of TNS' carrier-grade data and network assets and Cequint's expertise at the application layer, allow us to create value-added services that are unrivalled in the industry. Mobile is part of TNS' future, and we have the right foundation in place now to maximize revenue opportunities for our carrier partners."
General Manager of TSD, Rick Hennessey said, "There is an exciting convergence taking place in the wireless marketplace and TNS has an advantageous position. We are enthusiastic and eager to implement plans that will leverage our leadership position in network, subscriber data and handset technology. This move represents TNS' commitment to bringing innovative products to the forefront of a very large and fast-growing market."
TNS operates the largest, independent SS7 network in North America, providing network, database and next generation services to over 1100 telecommunications companies around the world. TNS provides services to customers in 60 countries worldwide and can access virtually any SS7 legacy or IP network around the globe.
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS' offers a broad range of networks and innovative value-added services which enables transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com. 'One Connection, A World of Opportunities'
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