Cass Information Systems Inc. (Nasdaq: CASS) has acquired Effective Telecoms Ltd. (“Efftel”), a privately held UK-based telecom expense management firm, as Cass continues to execute its global growth strategy and strengthen its European presence, the company said.
With this acquisition, Cass customers benefit from increased service delivery quality and scalability across Europe, while Efftel customers are now able to leverage the broader set of services and service geographies offered by Cass. Additionally, the Efftel acquisition adds several strategic customers to the Cass client base.
Demand for telecom expense management services in the UK and Europe has grown significantly in recent years as corporations seek to expand mobile access, secure IT communication networks, upgrade technologies and increase reliability — all while holding down cost.
Efftel is a specialist provider of mobile and fixed telecom billing, analysis and procurement support services, established in 2001. Its team of pan-European analysts, programmers, auditors, project managers and consultants are all experienced telecom professionals, bringing a combination of technical and market knowledge to each project. The company has offices in Basingstoke and Amsterdam.
Cass enables enterprises to achieve visibility, control and efficiency in their supply chains, communications networks, facilities and other operations.