Visage Sells Subscriber Management Biz

Visage Mobile, a San Francisco-based provider of wireless software for carriers and private label wireless operators, has sold its Subscriber Management business to Convergys Corp. (NYSE: CVG). No financial terms were disclosed. Visage has raised around $93 million in total VC funding since its 2001 formation, from firms like Nomura, Worldview Technology Partners, Mobius Venture Capital, Advanced Technology Partners, Vesbridge Partners, Emergence Capital Partners, UMC Capital, Palisades Ventures and Selby Ventures Partners.

PRESS RELEASE

Visage Mobile, the leading provider of mobility and subscriber management solutions, today announced that it has entered into a definitive agreement to sell its highly regarded Subscriber Management business to Convergys Corporation (NYSE:CVG). Convergys is a global leader in relationship management, providing solutions that drive more value from the relationships its clients have with their customers and employees.

“We pride ourselves on building sophisticated on-demand management systems, and today's agreement with Convergys serves as a testament to the quality of the platform our team has built,” said Matt Johnson, chief executive officer for Visage Mobile. “We have been partners with Convergys since our founding and have great respect for its team, its business, and its vision. Knowing Convergys will be able to combine our technology and customer relationships with its world-class solutions, and thus enhance and extend the platform, gives us great satisfaction. Today's deal also enables us to focus Visage's resources on our new mobility management solution, MobilityCentral, and lets us accelerate the growth of that business.”


Visage Mobile began creating on-demand communications management solutions in 2001. Its first product was the Visage Subscriber Management Platform for mobile virtual network operators (MVNOs). In April 2008, Visage launched MobilityCentral, an on-demand software solution for enterprises seeking a better way to monitor and manage their portfolio of mobility assets and related services. Proceeds from the sale of the Subscriber Management business unit will be used to grow Visage's MobilityCentral business.