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CSG Acquires DGIT Systems, Enhances Ease of Delivery and Monetization of Digital Ecosystems

·5-min read

CSG
11-Oct-2021 / 14:30 CET/CEST

CSG(R) (NASDAQ: CSGS) is transforming the way companies engage with their customers by arming today's leading brands with future-ready, innovative solutions that drive extraordinary customer experiences. Today the company announced the acquisition of DGIT Systems, a provider of configure, price and quote (CPQ) and order management solutions for the telecoms industry. The acquisition brings together industry leading solutions specifically designed to streamline the complexities of commercializing the next era of multi-party digital offerings that will drive business growth for communications service providers (CSPs).

Order processing and management is often the root of frustration for CSPs when delivering complex data and digital services to B2B and multi-play B2C customers. As CSPs push to leverage the massive bandwidth and low latency of 5G and edge architectures, order processing demands will continue to rise alongside customer service expectations. By extending CSG's solution footprint with DGIT's CPQ and order management capabilities, CSG is primed to help operators tackle one of their greatest challenges and enable them to easily deliver multi-party digital offerings through an ecosystem of partners to all customers so that they can increase customer acquisition, loyalty and satisfaction.

'CSG's acquisition of DGIT Systems uniquely positions us to help CSPs win in their quest to deliver next-gen, 5G digital offerings that will excite both consumers and enterprises,' said Ken Kennedy, COO and president of revenue management and digital monetization, CSG. 'With consumer services at the peak of commoditization, the greatest opportunity now lies in the B2B and B2B2X sectors. This paradigm shift means operators need integrated technologies, like CSG's monetization suite, that can ease the complexities of delivering dynamic, interoperable ecosystems across a multitude of partners. With this acquisition, CSPs can easily deploy CSG's end-to-end solutions to seamlessly deliver multi-party digital offerings to all customer segments and, in parallel, automate onboarding, innovation and settlement with a rich network of partners.'

The combined CSG and DGIT solution provides a TM Forum Conformance Certified, modern, open and decoupled architecture that provides the flexibility for CSPs to innovate and implement new digital services. Additional capabilities include:

'As the market places greater focus on B2B and B2B2x service models, robust CPQ and order management solutions can greatly reduce provisioning and billing errors, which are two of the leading causes of customer dissatisfaction for communications service providers today,' said Karl Whitelock, IDC research vice president, communications service provider operations and monetization. 'CSPs are starting to invest in solutions that can help them to monetize these complex business relationships along with empowering them to manage the various parts of their digital ecosystems, especially partner resource accountability and settlement. Technology suppliers, such as CSG, who are building out comprehensive ecosystem commercialization solutions, play a pivotal role in the ongoing transformation of their CSP customers."

'DGIT's strategic partnership with CSG highlights the value of our combined portfolio to the communications market,' said Greg Tilton, founder and CEO, DGIT. 'This acquisition brings the advantages of global scale and a world leading monetization portfolio to both DGIT and our customers. Together with CSG, we can help CSPs thrive in today's digital-first world.'

CSG is a leader in the Gartner Magic Quadrant for Integrated Revenue and Customer Management, helping companies around the world digitally transform their business to monetize and create extraordinary customer experiences. For more information on CSG's configure, price, quote and order management solutions, visit https://www.csgi.com/capabilities/revenue-and-customer-management/configure-price-quote-and-order/.

# # #

About DGIT Systems

DGIT Systems is a provider of software and services to digital and communications service providers, including catalog, configure, price and quote (CPQ), order capture, provisioning, and inventory management. Our cutting-edge technologies create intuitive, flexible and highly customizable solutions that can seamlessly automate and effortlessly manage the complete, end-to-end, opportunity-to-operate journey for digital and communications services. Headquartered in Melbourne, Australia, DGIT operates globally with approximately 70 service provider customers in 18 countries.

About CSG

CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For nearly 40 years, CSG's technologies and people have helped some of the world's most recognizable brands solve their toughest business challenges and evolve to meet the demands of today's digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter.

Copyright (c) 2021 CSG Systems International, Inc. and/or its affiliates ('CSG'). All rights reserved. CSG(R) is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved.

Contacts:

Tammy Hovey

CSG

+1 (917) 520-2751

tammy.hovey@csgi.com

John Rea

Investor Relations

CSG

+1 (210) 687 4409

john.rea@csgi.com

Contact Details

Tammy Hovey

+1 917-520-2751

tammy.hovey@csgi.com

Company Website

https://www.csgi.com


News Source: News Direct


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The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

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