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Convergys Accelerates Investment in BSS/OSS

Convergys is expanding the breadth of its Business/Operations Support Systems (BSS/OSS) solutions available to clients through the acquisition of Ceon Corporation.

The new capabilities, delivered as Convergys Enterprise Product Management Solutions, enable Convergys clients to more effectively manage their entire product lifecycle across all network domains, shortening time to market for new convergent offers, improving quality, and reducing the costs associated with managing a large product portfolio. Convergys continues to enhance its capabilities to enable service providers to better construct, manage, and deploy a layered catalog that includes the full technical and commercial definition of products and services.

Ceon, a privately held company founded in 1999, maintains a principal office in Redwood City, California, with satellite offices in France and the UK. Last January, Convergys and Ceon announced a strategic alliance for which Convergys issued convertible debt with the right to acquire the company. Convergys expects this small but strategic acquisition to be accretive beginning 2009 on a GAAP basis.

Convergys consulting, professional services, and technology drive true convergence while enabling operators to evolve their BSS/OSS environments with minimal risk. Built on a modular architecture, Infinys software provides unsurpassed scalability, flexibility, investment protection, and support. Using a broad range of consulting and professional services, as well as Infinys, Convergys clients - ranging from mobile to wireline to cable and satellite service providers - have the capability for rapid market innovation via their bundling of convergent voice, video, and data content for their residential and business customers.



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