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Sigma Systems, a leading global provider of create-sell-deliver software
solutions for telecom, media, and high-tech companies, has entered into
an agreement to be acquired by Australian based billing, data management
and customer care company Hansen Technologies

TORONTO–(BUSINESS WIRE)–Sigma Systems, the global leader in catalog-driven software is
pleased to announce its acquisition by Hansen Technologies, a leader in
billing, data management and customer care solutions for the Energy,
Water, Pay-TV, and Telecommunications industries. Upon closing of the
sale, Hansen will acquire full ownership of Sigma Systems. Hansen
Technologies is a publicly traded company listed on the Australian Stock
Exchange (ASX:HSN).

In today’s highly disruptive environment, service providers are focusing
on how to accelerate product and service innovation, transforming their
businesses into digital organizations that can more effectively create
new innovative offerings, sell them without friction in the customer’s
channel of choice, and deliver those services as promised. From digital
service innovation through to revenue realization and customer support,
the acquisition of Sigma and the resulting combined product offerings of
the two companies will further strengthen and expand the value
proposition across the Telecom, Media, IoT, Energy and Utilities
industries we serve. The combination of these two fast-growing companies
creates an even stronger organization with greater expertise, a deeper
bench of talented delivery specialist, expanded R&D scale and a broader
diversification of our business across industry verticals.

Andrew Hansen, Chief Executive Officer of Hansen Technologies,
commented: “It’s with great enthusiasm that I welcome Sigma Systems to
the Hansen Technologies Group. The acquisition represents a strategic
move to enhance our value proposition to the telecom, pay-tv and energy
verticals. Over the course of the last ten years, we have driven an
exceptional growth strategy through acquisitions, achieving a compound
annual growth rate of 28% over the last 4 years. Bringing Sigma Systems
onboard further strengthens our ability to provide valuable solutions to
our customer base and creates new expansion opportunities to cross-sell
Sigma’s software solutions into our broad base of energy customers.”

Tim Spencer, Chief Executive Officer of Sigma Systems, commented:
“With over a 23-year history serving the needs of the telecom industry,
it is with great pride that we move to the next chapter in Sigma’s
history. In the last year, Sigma has been pursuing an aggressive growth
strategy through increased focus on product and cloud adoption, growth
through adjacent verticals, and an enhanced go-to-market partner
strategy. The acquisition of Sigma by Hansen Technologies represents two
strong companies coming together, a strong combined value proposition,
and the acceleration of the Sigma strategy. We look forward to the new
opportunities in front of us to drive value for Sigma and Hansen
customers and shareholders of the company.”

The acquisition of Sigma Systems is set to close on May 31, 2019. For
further information about Sigma Systems, its award-winning products and
services, and getting Next
Done Now
visit www.sigma-systems.com
or contact us at [email protected].

For further information about Hansen Technologies visit www.hansencx.com.

About Sigma Systems (sigma-systems.com or Twitter @SigmaSystems)

Sigma Systems is the global leader in catalog-driven software
solutions for communications, media, and high-tech companies. It serves
over 80 customers in 40 countries with its award-winning products.
The
company’s portfolio spans enterprise-wide Catalog, Configure Price Quote
(CPQ), Order Management, Provisioning, Insights and Portfolio Inventory
products, and offers a core set of services including professional
services, cloud services, and managed services.
Sigma utilizes an
agile approach to implementing its B/OSS products for its customers.
Sigma
has offices in North and South America, Europe and Asia Pacific, with
technology and integration partners globally.

About Hansen Technologies

Hansen Technologies is a global leader in billing, data management and
customer care. With over 40 years’ experience, Hansen Technologies Group
employs over 1000 experts. Hansen’s proven and scalable solutions as
well as innovative and flexible offerings, enable more than 500 clients
to deliver cost-effective end-to-end business initiatives to improve
their customers’ experience.

Hansen has offices throughout the world in Denmark, Finland, Norway,
Sweden, Germany, Netherlands, Australia, New Zealand, China, Argentina,
South Africa and in the USA servicing customers in over 80 countries. www.hansencx.com

Contacts

Adnan Bashir
Senior Corporate Communications Manager
Sigma
Systems

+1 647 204 0999

Chloe Purcell
Head
of PR

Milner Strategic Marketing Ltd.
+44 1473
633123