Business telecoms company Alternative Networks has acquired Aurora Kendrick James Group (AKJ), a provider of billing and customer service software, for up to £5.5 million.
Business telecoms company Alternative Networks has acquired Aurora Kendrick James Group (AKJ), a provider of billing and customer service software, for up to £5.5 million.
Kent-based AKJ employs 50 staff and provides billing services to over 50 telecoms and IT service providers in the UK. In the year ending July, the company increased sales by 4 per cent to £3.6 million and made pre-tax profits of £300,000.
James Murray, chief executive of Alternative Networks, commented: ‘Acquiring the exclusive right to AKJ’s software will accelerate our development and enhance our broader service offering. It represents a sensible use of cash, increases our commercial opportunities and provides a sound strategic platform from which to gain an increasing share of the market.’
Alternative Networks reported a rise in revenue of 30 per cent to £93.7 million in the twelve months to September, while operating profits were up 31 per cent to £10.4 million.
