Comverse makes converged billing play with$251M purchase

Comverse Technology plans to acquire CSG Systems' GSS billing unit for $251 million in cash. With an eye on the emerging converged billing market, the company said it will fold GSS' software-based billing services into its existing Real-Time Billing group. The acquisition will help the company's converged billing ambitions for wireless, wireline, cable, satellite and ISPs. The deal should close by the end of January.

For more on Comverse Technology's acquisition of GSS:
- read this article from the AP