Vodafone has bought two expense management companies, Quickcomm and TnT Expense Management.
The two acquisitions will propel Vodafone into being a leading expense management company for multinational organisations, the company said. Vodafone paid U$6.9m for Quickcomm and $2.8m for TnT Expense Management.
Quickcomm, a leading developer of TEM software, is headquartered in Sydney, Australia and has offices in the US, UK and Singapore. Quickcomm will continue to sell and provide ongoing support for its products, as well as becoming a fully integrated part of the Vodafone Telecoms Management solution.
TnT Expense Management is a leading services provider of telecoms expense. It is headquartered in Sandy Hook, Connecticut and has offices in New York, the UK, Germany and France. Its managed telecoms expense service, based on expert analysis as well as automated bill processing.
Vodafone Global Enterprise CEO Nick Jeffery, said: 'Our 570 multinational corporate customers tell us that they want Vodafone Global Enterprise to help them reduce cost, increase visibility and improve management control across their global footprint. These acquisitions will benefit our customers by providing even greater visibility and control of their fixed and mobile spend and this, in turn, will further the business case for multinationals to adopt unified communications solutions.’