Expense Management

Expense Management

October 12, 2010

TMT Ventures Acquires Telecom Expense Management Firm Ezwim

TMT Ventures has acquired telecom expense and service management company, Ezwim, to augment its global reach.

Financial details of the transaction were not disclosed.

Established in 2007, TMT Ventures is an investor consortium primary focused in the domain of technology, media and telecommunications. It is based in the Netherlands and is also an active management Buy and Build company.

Ezwim (News - Alert) provides Web-based Software-as-a-Service “SaaS” solution, called Total Telecom Management, which helps companies across the globe to reduce their fixed and mobile telecom costs by 20 to 40 percent.

The SaaS (News - Alert) model offered by Ezwim offers customers with competitive advantage by means of a scalable and comprehensive solution that can be implemented quickly and without initial investments, say officials with Ezwim.

According to Ezwim, its services facilitate global organizations to gain visibility into, and control over the mobile and fixed communications assets and costs. Apart from helping enterprises to control every aspect of their telecommunications, the company’s services provide dramatic telecom cost reductions and process efficiencies.

Apart from Total Telecom (News - Alert) Management, Ezwim also offers Telecom Service Management for automating standard telecom processes; MNC Portal to centrally view and analyze all telecommunications spending; and Ezwim Business Intelligence to validate, analyze and optimize enterprise telecom services.

In a press release, Ron van Valkengoed, managing director of Ezwim, said, "The acquisition by TMT Ventures is a signal of strength, for us as a company, for our market position and for our long-term vision of bringing the best telecom management products to enterprises around the world.”

Valkengoed added, “TMT will enable Ezwim to further accelerate growth to realize our ambition of becoming a dominant market player."

Bram Cool, partner of TMT Ventures, said, "Ezwim is a very interesting growth opportunity that combines a vast market opportunity with a scalable business model, strong current momentum and a great team. We are impressed by the achievements of the Ezwim team to date and look forward to working with them to build a global success."

Jayashree Adkoli is a contributing editor for TMCnet. To read more of Jayashree's articles, please visit her columnist page.

Edited by Tammy Wolf

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