Mer Telemanagement Solutions has signed a definitive agreement to acquire the telecom expense management (TEM) business of Massachusetts-based AnchorPoint.
Upon completion of the transaction, MTS will integrate its telecommunication management and billing solutions with AnchorPoint's TEM solutions.
Under the agreement, MTS will acquire all the assets of AnchorPoint and assume certain enumerated liabilities.
The aggregate consideration will be 25% of MTS' outstanding shares on a post-transaction basis. AnchorPoint will continue its operations as a division of MTS.