Hansen Technologies has agreed to acquire Sigma Systems, a Toronto-based provider of catalog-driven software solutions for communications, media and technology companies.
In a separate release, Hansen, an Australian billing, data management and customer care company, said the deal values Sigma at $157 million. It is expected to close this month.
Founded in 1996 and led by President and CEO Tim Spencer, Sigma serves more than 80 customers in 40 countries.
Hansen said the acquisition will enhance its value proposition in the telecommunications, Pay-TV and energy verticals.
Sigma is majority owned by Canadian mid-market private equity firm Birch Hill Equity Partners. Birch Hill invested in 2015.
Photo: Tim Spencer, president and CEO of Sigma Systems.
Sigma Systems Announces Sale of Company to Hansen Technologies
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
May 01, 2019
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 firstname.lastname@example.org.
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
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