Consolidation in telco software too

UK-based Axiom Systems has been acquired by Comptel, headquartered in Finland. Both companies are telcom software vendors, focusing on automating fulfilment processes for telecoms service providers. The purchase price was £7m in cash, with an additional sum of between £4-16m in cash and shares if Axiom's 2008 sales exceed expectations.
This is the second acquisition of a UK-based operational support systems vendor this month (the first being Jacobs Rimell, just acquired by Amdocs).

I was alerted to this by one of the last Ovum's Hotviews...