Siris Capital has acquired Comverse, formerly Israel's flagship high-tech company, which last year changed its name to XURA Inc. (Nasdaq: MESG) for $643 million. Siris is paying $25 per share, a 19.2% discount on the shares closing price on Nasdaq yesterday. Last year Comverse also sold its billing division to Amdocs Ltd. (NYSE: DOX) for $272 million and transferred other operations to Indian company Tech-Mahindra while acquiring UK company Acision for $402 million. XURA today focuses on digital services. RELATED ARTICLES Comverse changes name to Xura Amdocs buys Comverse billing division for $272m Comverse to fire 200 in Israel Comverse, once one of Israel's largest high-tech employers, only has 300 employees in the country today. Siris Capital is a New York based investment fund founded in 2011, which invests in ICT. XURA's share price rose 17.7% in premarket trading on Nasdaq. Published by Globes [online], Israel business news - www.globes-online.com - on May 23, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
