Comptel, a Helsinki based software company, just announced the acquisition of Xtract Oy, a Finnish analytics startup, for a total consideration of 3.1 million Euro (enterprise value). Xtract was founded in 2001 and has about 20 major customers including telecom operators AVEA in Turkey, DNA in Finland and Megafon in Russia as well as insurance, retail and media companies. Xtract’s net sales were 2.4 million Euro in 2011. Xtract employs 27 people which are mainly based in Espoo, Finland.
According to Comptel, the acquisition is financed through liquid assets. The main selling shareholders are private equity funds managed by Creandum, Innovations Kapital and Verdane.
Comptel’s strategy is around building an integrated offering for service providers to manage the customer experience and to drive new revenues from their subscriber base. Comptel operates one of the world’s leading platforms for information extraction and automated service fulfillment with 280 customers worldwide. By acquiring Xtract the company will create a unique offering by combining great analytics capabilities with its existing assets. This offering helps operators to react quickly to events from the network and transform them automatically into relevant & timely actions that aim to improve the customer experience.
Juhani Hintikka (President & CEO, Comptel) stated:“Xtract is globally a leading expert in advanced customer analytics. This acquisition completes Comptel’s ‘event-analysis-action’ vision, which will help telecom operators provide value to their customers and operations by driving real-time business decisions.”