Comptel has signed an agreement to sell its Axioss software to Cisco. Axioss is a fulfillment solution developed by Axiom Systems, a company that Comptel acquired in 2008. The transaction is estimated to close in September 2011. Comptel and Cisco will continue their cooperation across other areas of OSS/BSS, e.g. cloud mediation and charging.

The consideration to be paid by Cisco for the acquired assets is EUR 21.3 million in cash. Comptel will book this as other operating income for the third quarter of 2011. The estimated net operating profit impact of the transaction is EUR +8.5 million, recognized also in the third quarter of 2011. All numbers have been converted to euros using exchange rates as of 19 August 2011.

Comptel will continue in fulfilment business developing and selling its Comptel Fulfillment Solution. According to Comptel strategy, the next release of Comptel Fulfillment Solution, based on a new technology platform will be released in the first half of 2012. Comptel will also retain its existing Axioss customer relationships and will continue to support these customers.