CHICAGO, IL – RCBG, a mid-market advisory services firm specialized in TMT transactions [telecom, media, technology], announced the completion of the acquisition of its client, Ceon Corporation, a leader in product lifecycle fulfillment software for communication service providers, by Convergys Corporation, (NYSE: CVG), a global leader in relationship management software. The acquisition will enable service providers to more effectively manage their products’ lifecycles across all network domains, fixed and mobile, and shorten time-to-market for new offers. This emerging field is of growing importance as the potential combinations of voice, data and video content and services continue to multiply.
“We are very pleased to have led and structured this transaction,” said Richard Summer, executive vice president and managing director of RCBG. “Ceon is a terrific company with sophisticated products and world-class management. Paired with Convergys’ extensive platforms and penetration, and exciting strategic direction, this is the package that service providers need to bring order and potential to their product catalogs.”