Published: January 12, 2010
Xavient Acquires Vision360
SIMI VALLEY, Calif. & HERNDON, Va. - (BUSINESS WIRE) - Xavient Information Systems ("Xavient" ) and Vision360 today jointly
announced the signing of a definitive merger agreement, under which
Xavient will acquire privately-held Vision360, a leader in BSS/OSS
Systems Implementation, development, architecture, and testing services.
Xavient and Vision360 have an existing business relationship as
strategic partners, meeting the needs of shared customers for solutions
pertaining to Order Management. The acquisition further broadens
Xavient's ability to address the needs of its customers and
strategically supports Xavient's telecommunications-focused practice.
Vision360's service offerings have been chosen by leading MSO's around
the world, because of its highly skilled talent pool and solid
reputation of successfully delivering next generation solutions.
Vision360 has been an integral part of the ongoing demand to extend the
current BSS framework to support multiple lines of business and services
into a single billing platform, utilizing advanced state-of-the-art
software solutions. Xavient will build upon Vision360's customer and
carrier relationships by maintaining its OSS/BSS strategy.
"This acquisition further enhances Xavient's vision of supporting the
entire OSS/BSS stack," commented Rajeev Tandon, CEO of Xavient.
"Vision360's talent and customers complement Xavient's business and
extend our ability to deliver compelling services to customers in the
communications industry. Vision360's expertise and successful track
record provide customers with the assurance that delivery will go as
planned. These competitive differentiators have led many cable customers
to choose Vision360 as their solution provider. This acquisition will
continue to strengthen Xavient as a leading provider of professional
services and solutions for the communications industry."
"This is an exciting milestone for our company, and we look forward to
scaling our growth as part of Xavient," added Rick Kapani of Vision360.
"Xavient's global reach, scale, widely recognized brand and worldwide
customer relationships make it the ideal partner for Vision360. Our
combined teams will create exciting growth opportunities for Vision360,
our customers and our employees. We look forward to working with the
Xavient team to ensure a rapid and seamless transition."
About Xavient - Headquartered in Simi Valley, CA, Xavient is a right
shoring provider of global IT and engineering solutions. Using leveraged
expertise with unique onsite/offshore delivery models, Xavient delivers
a boutique offering to major North American clients from
telecommunication markets. Formed in 2002, Xavient currently employs
over 1,800 professionals in the US and India. For more information,
visit www.xavient.com.
About Vision360 - Based in Herndon, VA and Toronto, ON, Vision360
provides BSS/OSS Systems Implementation Development, architecture and
testing services to top cable MSO's nationwide. Vision360 has built a
notable customer base, providing services in strategic project and
program management, planning and operations tracking, business analysis,
solution architecture, custom software development, and management
consulting.
Xavient Information Systems
Alex Salamon, 805-955-4123
Senior
Vice President, Sales and Business Development
asalamon@xavient.com
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