SAP to Acquire Real-Time Billing Leader Highdeal; Heralds Unmatched Consume-to-Cash Solution
Leading With Telecommunications, SAP to Deliver Next-Generation Billing Solution
Headquartered in Caen, France, Highdeal has more than 200 customer implementations in over 50 countries. As a spin-off from the research and development labs of France Telecom in 2000, Highdeal pioneered the pricing and rating market, gaining early prominence in the telecommunications industry. Given the similar business models shared by telecommunications and industries with emerging business-to-consumer billing requirements, Highdeal has developed a growing list of clients in utilities, media, financial services, high tech, and transportation and logistics. Highdeal employs approximately 90 employees, located around the world in major cities including Paris, New York, London, Miami and Singapore. The acquisition of Highdeal is consistent with SAP's strategy to complement existing solutions with purchases of innovative technologies and capabilities.
"As business models change, communication service providers' billing systems are rapidly becoming inadequate and not cost-effective," said Bob Stutz, corporate officer and member of the Executive Council, SAP AG. "By integrating Highdeal's next-generation rating and charging solution with SAP's leading billing solutions, SAP plans to deliver a robust, event-driven solution to manage the complete consume-to-cash process across business networks. I welcome the Highdeal team to SAP."
In keeping with SAP's strategy to enable business model innovation through co-innovation, SAP plans to offer customers a fully integrated solution to enable them to seamlessly offer and support new business models to drive growth. Building upon its existing billing functionality, SAP intends to support a full array of real-time rating and charging requirements.
"The Highdeal vision has been to provide our customers with breakthrough technology to support flexibility to enable dynamic business models," said Eric Pillevesse, CEO and co-founder of Highdeal. "The Highdeal team is excited to join SAP. Together we will innovate and bring our unified solutions to more companies."
SAP anticipates that the acquisition will be completed by June 2009 and will provide additional details about the integration of the companies after the closing of the transaction. Terms and the purchase price are not disclosed publicly.
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Highdeal is the world's leading provider of service Pricing & Rating solutions. We provide the necessary agility to ensure the profitability of fast-evolving business models with both customers and partners. Highdeal Transactive® is a modular software solution that monetizes business transactions in real-time. Companies rely on Highdeal to solve their billing problems in service industries such as telecommunications, media and entertainment, technology, transportation and logistics, and financial services. For more information, visit www.highdeal.com.
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