Digital services company Comverse Inc. (Nasdaq: CNSI) has entered into a definitive agreement to acquire Acision, a privately-held secure mobile messaging and engagement services company, based in Reading, UK. Comverse will acquire Acision for $135 million in cash, 3.13 million shares of Comverse's common stock, and potential milestone payments of up to $35 million - a total of $210 million. RELATED ARTICLES Amdocs buys Comverse billing division for $272m Comverse transfers 570 jobs to Indian co Comverse will also seek to maintain Acision's $157 million senior credit facility following completion of the transaction. The Boards of Directors of Comverse and Acision have approved the transaction, which, subject to satisfying closing conditions, is expected to be complete by the end of the third calendar quarter. Published by Globes [online], Israel business news - www.globes-online.com - on June 15, 2015 © Copyright of Globes Publisher Itonut (1983) Ltd. 2015
