TNS Targets Global Growth with Strategic Acquisition of AGNITY Global
Transaction Network Services (TNS) has today announced the acquisition of AGNITY Global, a leading provider of intelligent business communication applications and infrastructure to organizations in the telecommunications and healthcare industry verticals.
The move strategically enhances TNS’ Communications Market global capabilities through AGNITY’s established channel partnerships business model that spans more than 12 countries. It will also enable TNS’ existing customers to benefit from a broader portfolio of next generation solutions.
Headquartered in Silicon Valley with development and support operations in Richardson, Texas and Noida, India, AGNITY powers the networks of many global Tier-1 service providers via its scalable, carrier-grade Communication Application Server (CAS). This network agnostic, multi-service software platform offers app components and open APIs that enable service providers to address network technology transition challenges as well as future-proofing their infrastructure to more rapidly introduce new services.
“AGNITY is a perfect strategic fit for TNS as we seek to invest in and evolve our carrier service offerings, channel partnerships and development capabilities,” said Bill Versen, President of TNS’ Communications Market business. “Combining AGNITY’s innovative technology with our proven solutions creates a superior portfolio that will enable us to help carriers modernize their networks and bridge legacy platforms with new technology, including 5G enablement services.”
Founded in 2008 by tech entrepreneur and CEO Sanjeev Chawla, AGNITY boasts 5G ready technology and has more than 30 out-of-the-box high value applications, including advanced call routing, evolved next gen intelligent networks and fraud protection. AGNITY’s Defend application combines call screening and audio CAPTCHA with a range of CDR, speech and biometric analysis to identify, filter and block fraudulent calls as required. AGNITY FlexYcharge service is a real-time rating, charging and balance management service for voice, data, messaging across VoIP, IMS and Legacy networks.
“Our objective has always been to facilitate telecom network transformation through efficient, future-proofed applications and adoption of the latest technologies,” said Mr. Chawla, who is remaining with the company as Chief Technology Officer for TNS’ Communications Market business, reporting to Mr. Versen. “Creating the AGNITY CAS, a single platform for legacy, LTE/IMS, 5G and Cloud hosted networks, has brought significant revenue opportunities, efficiency gains and operational cost reduction to our customers. Now, as part of TNS’ large and established footprint, we look forward to bringing our joint capabilities to a wider audience.”
“We are excited to have Sanjeev and his talented team on board,” added Versen. “Sanjeev will play a major role in the development of TNS as we drive forward with our long-term growth vision, including the introduction of our award-winning identity and protection solutions to the global marketplace. We will also now be able to conduct near 24/7 development with resources in the US and India focused on innovating and rolling out our products faster than ever before.”
TNS, a subsidiary of Koch Equity Development, is a leading global provider of Infrastructure-as-a-Service solutions to the communications, payments and financial markets. Its pioneering Communications Market business has been a continuous innovator interconnecting carrier networks efficiently, securely and reliably. Its solutions range from call analytics, which identifies unwanted robocalls while enabling enhanced mobile identity for legitimate callers, to interoperability, mobile roaming, clearing and settlement, and analytics for LTE and 5G.
Terms of the deal were not disclosed.
About Transaction Network Services
Established more than 30 years ago, TNS’ extensive portfolio of innovative, value-added services now supports thousands of organizations across more than 60 countries to interact efficiently, conduct mission critical processes securely and adopt new technologies flexibly. For more information, please visit tnsi.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Bluetext for TNS
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Mary Kay Awards Education Grant to Young Woman Aspiring to Become First Latin American Woman Astronaut to Visit Mars5.10.2022 23:40:00 CEST | Press release
As a decades-long leader in women’s empowerment and innovative science, Mary Kay celebrates young women who are taking charge of their futures through leadership, innovation, and determination to excel in STEAM fields. Women make up only 28% of the workforce in science, technology, engineering, and math.  By offering continued support to young women in STEAM fields, they are continuing Mary Kay’s mission, which is to improve women's lives everywhere. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221005005835/en/ Mary Kay is committed to inspiring young women making tremendous contributions to STEAM fields to continue to pursue their dream. (Photo: Mary Kay Inc.) “More young women gaining access to STEAM education leads to an increase in women embracing careers in those fields. In turn, this provides access to more equal opportunities for women, narrows the gender pay gap, bolsters economies, and eliminates bias in scient
300 Rimini Street Employees Will Gather in Las Vegas to Handmake 500 Fleece Blankets for Local Foster Children, Shelter Pets, and Homeless Youth5.10.2022 23:09:00 CEST | Press release
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that on October 6, 2022, over 300 Rimini Street employees gathered in Las Vegas will handmake 500 fleece blankets for local foster children. The blankets will then be donated to Clark County (Nev.) Department of Family Services and Foster Kinship, a Las Vegas-based non-profit. The volunteers will also craft 100 smaller blankets to be donated to the Las Vegas SPCA for animals waiting for their forever homes. The remaining fabric will be donated to volunteer quilters who sew garments for local homeless youth. The 500 blankets will be part of the supply package for recently appointed guardians to gift to the child upon arrival, helping them feel welcome during their critical adjustment phase. The fleece fabric used for the blankets is adorned with children’s characters and
Pyramid Analytics Formalizes US Federal Business Practice5.10.2022 21:04:00 CEST | Press release
Pyramid Analytics (Pyramid), a pioneering decision intelligence platform provider, today announced a new business practice dedicated to the specific needs of U.S. federal agencies. Led by a team of experts with a deep background in the federal market segment, Pyramid’s Federal Business Practice builds on the company’s success with federal agencies such as the U.S. Department of Veterans Affairs (VA) and strengthens its focus and commitment to providing the U.S. Federal Government and federal partners with sales, technical expertise, and services to deploy Decision Intelligence for strategic uses at scale. Key Points: Decision Intelligence enabled by AI and Machine Learning (ML) can modernize the delivery of critical public services, including healthcare, homeland security, and defense in the US federal market segment. President Biden’s Fiscal Year (FY) 2023 Budget proposes spending $65 billion on IT for civilian federal agencies and prioritizes IT Modernization, Cybersecurity, and Digi
Brijesh Jeevarathnam to Succeed Kelly Meldrum as Global Head of Fund Investments at Adams Street Partners5.10.2022 15:00:00 CEST | Press release
Adams Street Partners, LLC, a private markets investment firm with more than $50 billion of assets under management, announced today that Brijesh Jeevarathnam will be promoted to Partner & Global Head of Fund Investments. Jeevarathnam, who joined Adams Street as a Partner in Primary Investments in 2016, will also become a member of the firm’s Executive Committee as part of his new role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221005005265/en/ Brijesh Jeevarathnam has been promoted to Partner & Global Head of Fund Investments of Adams Street Partners. (Photo: Business Wire) Jeevarathnam succeeds Kelly Meldrum, who is retiring after 17 years as a Partner & Head of Primary Investments at the firm. Meldrum will transition her duties at year-end and will make herself available through the end of Q1 2023. “Over her long tenure with Adams Street, Kelly has made innumerable contributions to the firm, not the least of which wa
NetWitness Launches White Hat Wednesdays Conversation Series5.10.2022 15:00:00 CEST | Press release
NetWitness: DATE & LOCATION: To register, visit the White Hat Wednesdays link here. Wednesday, October 19 at 11:30am ET Wednesday, November 16 at 11:30am ET More dates to be announced WHAT: NetWitness will be launching White Hat Wednesdays, a series of discussions exploring the latest cybersecurity threats enterprises face today, with the first session kicking off on October 19. Cybersecurity experts will share their personal experience regarding the evolution of today’s attacks and the steps incident response teams are taking to detect, mitigate, assess, and remedy these situations. The first topic will focus on threats to the financial industry and FIN13, a threat actor that targets this vertical. The discussion will include how these types of groups operate as well as what an attack on financial technology looks like. WHO: The following spokespeople and executives will be leading the discussions: Stefano Maccaglia, Practice Manager, NetWitness Incident Response Will Gragido, Head of
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom