Denver, CO, Jan. 4, 2007 — Mincom Ltd., an enterprise asset management (EAM) solution provider, announced it has acquired the customer information and billing systems business of Conversant, a developer of utility industry software solutions.
The Empire District Electric Co., owner of Conversant, said the sale is expected to contribute approximately $0.02 per share to EDE earnings in the fourth quarter of 2006.
Conversant supplies a range of software and services to manage customer care and billing functions for utilities and energy service providers, all aimed at improving efficiencies and lowering costs. Its customer information system (CIS), Customer Watch, is the first 100% Java-developed and production-proven CIS solution in the market. By adding Conversant’s CIS solution, together with its utility billing solutions, Mincom expects to deliver an end-to-end solution to the global utilities industry.
The management and employees of Conversant will operate as a global utilities business unit within Mincom, focused on utility customer care and billing solutions. Stan Royal, Conversant’s CEO, will lead the new business unit as vice president of utility solutions.
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