To further deliver on its promise to build an integrated offering for service providers, Comptel has acquired leading analytics company, Xtract. This acquisition will further enable Comptel to help its customers manage the customer experience and drive new revenues to their subscriber bases. This rounds out Comptel’s “event -> analysis -> action” business model, which seeks to drive real-time data collection and response to end user events.

Xtract Oy is a Finnish software company specialising in advanced analytics, for a total consideration of EUR 3.1 million (enterprise value). Xtract has about 20 customers including telecom operators AVEA in Turkey, DNA in Finland, Megafon in Russia and TeliaSonera in Finland as well as insurance company If, retail and media companies. Xtract’s net sales were EUR 2.4 million in 2011. Xtract has 27 highly skilled employees which are mainly based in Espoo, Finland.

The transaction is estimated to close in mid-February 2012 from which time onwards Xtract Group will be consolidated into Comptel Group financials. The acquisition is financed through Comptel Corporation’s liquid assets. The main selling shareholders are private equity funds managed by Creandum, Innovations Kapital and Verdane.