SAN FRANCISCO, May 21 /PRNewswire/ -- Visage Mobile, the leading provider of mobility and subscriber management solutions, today announced that it has entered into a definitive agreement to sell its highly regarded Subscriber Management business to Convergys Corporation (NYSE: CVG). Convergys is a global leader in relationship management, providing solutions that drive more value from the relationships its clients have with their customers and employees.
"We pride ourselves on building sophisticated on-demand management systems, and today's agreement with Convergys serves as a testament to the quality of the platform our team has built," said Matt Johnson, chief executive officer for Visage Mobile. "We have been partners with Convergys since our founding and have great respect for its team, its business, and its vision. Knowing Convergys will be able to combine our technology and customer relationships with its world-class solutions, and thus enhance and extend the platform, gives us great satisfaction. Today's deal also enables us to focus Visage's resources on our new mobility management solution, MobilityCentral, and lets us accelerate the growth of that business."
Visage Mobile began creating on-demand communications management solutions in 2001. Its first product was the Visage Subscriber Management Platform for mobile virtual network operators (MVNOs). In April 2008, Visage launched MobilityCentral, an on-demand software solution for enterprises seeking a better way to monitor and manage their portfolio of mobility assets and related services. Proceeds from the sale of the Subscriber Management business unit will be used to grow Visage's MobilityCentral business.
GCA Savvian Advisors, LLC acted as financial advisor to Visage. Fenwick & West LLP acted as legal advisor to Visage. Terms of the sale were not disclosed.
About Visage Mobile
Visage Mobile (http://www.visagemobile.com) is a leading provider of on- demand mobility management solutions for enterprises. Its flagship software solution, MobilityCentral (http://visagemobile.com/Product), brings visibility and control to the complex and fragmented world of enterprise mobility. Founded in 2001, Visage Mobile has been recognized as a Red Herring 100 winner and an IDC Ten Emerging Wireless Players to Watch. Additional information is available at http://www.visagemobile.com.
About Convergys Corporation
Convergys Corporation (NYSE: CVG) is a global leader in relationship management. We provide solutions that drive more value from the relationships our clients have with their customers and employees. Convergys turns these everyday interactions into a source of profit and strategic advantage for our clients.
For 25 years, our unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to clients that now span more than 70 countries and 35 languages.
Convergys is a member of the S&P 500 and has been voted a Fortune Most Admired Company for eight consecutive years. We have approximately 75,000 employees in 85 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia, and our global headquarters in Cincinnati, Ohio. For more information, visit http://www.convergys.com
(Convergys and the Convergys logo are registered trademarks of Convergys Corporation.)
SOURCE Visage Mobile
