Leading supplier of billing and provisioning solutions, Union Street Technologies, has announced the acquisition of Shaftesbury Systems, developers of the ‘ebillz’ billing platform.
The news comes fresh in the wake of Union Street’s merger with fellow billing provider Aurora, a deal which saw the two companies united under the Union Street banner with serial tech entrepreneur, Matthew Riley, announced as Chairman and Vincent Disneur appointed as MD of the combined businesses.
With the addition of Shaftesbury Systems’ operations and customer base, Union Street will now provide software services to over 900 partners that collectively bill in excess of £2bn per annum. The acquisition will also provide the opportunity for users of ebillz to utilise the latest software along with a wide range of consultancy services.
Established in 1995, Shaftesbury Systems was one of the earliest entrants into the billing software market and, much like Union Street, one of the first companies to provide truly independent billing solutions for the channel. By 2010 the company provided its ebillz platform to over 150 communication providers, at which time it was acquired by Chess, becoming a wholly owned subsidiary of the company.
Commenting on recent events, Disneur said, “The significance of this consolidation and the beneficial impact it will have for the channel cannot be overstated. By combining the great resources and talents of these billing businesses, we can provide unparalleled levels of service and support for our partners. In addition, the significant new investment and expertise will help us to significantly ramp up the R&D of our solutions. This will very quickly enable our partners to leverage even greater benefits from our solutions, whilst allowing them to capitalise on the many emerging opportunities in the channel.”
Disneur also noted that the recent wave of consolidation would add extra resilience for channel partners’ billing processes. “If the unprecedented events of the 2020 have taught us anything, it’s that sourcing a business-critical service such as billing from an under-resourced supplier puts comms providers in an inherently vulnerable position. Throughout the crisis, Union Street has maintained its support services, development operations and adhered to its SLAs without any disruption. Our partners can be assured that no matter what the future holds in store, they can depend on us completely to provide this valuable service.”