MIND CTI targets next generation with VeraBill purchase
IP services billing and customer care provider MIND CTI acquired the VeraBill mediation, provisioning and billing solution from Veramark Technologies for $1 million in cash, positioning the company closer to the 2.5G and third-generation wireless services market. The VeraBill solution is designed for medium-sized wireless and wireline customers.
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The product line was purchased for its technology, existing customer base and distribution channels, said Monica Eisinger, president and CEO of MIND.
“It opens up new markets for us that we couldn’t enter before,” Eisinger said. “Until now, [MIND] was focused on IP services—voice and data. Now we can offer solutions to mid-sized circuit-switched or wireless carriers.”
VeraBill’s mediation capabilities will be combined with MIND’s rating and billing product. The product probably will be re-branded and then incorporated into the company’s current product line, MIND iPhonEX, Eisinger said.
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