- Lumine Group, a division of Constellation Software (CSU) subsidiary Volaris Group, has acquired software company Neural Technologies
- Neural Technologies provides modular revenue protection, signaling, machine learning and artificial intelligence software for tier 1 telecom operators
- Neural, Lumine’s 19th acquisition, maintains a significant presence in Southeast Asia and Western Europe
- Lumine Group is a leading global acquirer of communications and media software businesses
- Constellation Software (CSU) is up 1.51 per cent, trading at $1,742.69 per share at 12:54 pm ET
Lumine Group, a division of Constellation Software (CSU) subsidiary Volaris Group, has acquired software company Neural Technologies.
Founded in England in 1991, Neural Technologies provides modular revenue protection, signaling, machine learning and artificial intelligence software for tier 1 telecom operators, predominantly in Southeast Asia and Western Europe.
The company’s revenue assurance suite includes capabilities for fraud management, revenue assurance, credit-risk management, business assurance and anti-money laundering.
David Toms, Neural’s CEO and Chairman of the Board, commented,
“After building up our capabilities and brand over 30 years, we were ready to join an ecosystem that would allow us to scale to the next level. It was important that we selected a partner that valued Neural’s innovation, brand, and most importantly its true assets, customers and staff.”
David Nyland, President of Lumine, added,
“We are excited to add revenue protection, signaling and ML/AI capabilities to our portfolio, complementing our existing businesses while providing further mission-critical and high value capabilities to our global tier 1 ecosystem of customers and partners.”
Lumine Group is a leading global acquirer of communications and media software businesses.
Volaris acquires, strengthens and grows vertical market technology companies.
Constellation Software develops and customizes software for public and private markets.
Constellation Software (CSU) is up 1.51 per cent, trading at $1,742.69 per share as of 12:54 pm ET.
