Deal Announcement

goetzpartners advised the insolvency administrator Dr. Frank Kebekus on the sale of the businesses of Orga Systems to Redknee Solutions

24. Juni 2015

Redknee has signed a definite agreement to acquire the businesses of privately held Orga Systems, a Paderborn-based pre-paid software solutions company, in a combination of an asset and share deal. goetzpartners acted as exclusive M&A advisor to the insolvency administrator Dr. Frank Kebekus.

Orga Systems’ technology and expertise will enhance Redknee’s real-time monetization and subscriber management platform for communication service providers and the Internet of Things (IoT). The business provides monetization solutions to more than 45 customers in the communications, automotive, energy, and railway industries. The company’s highly skilled global team of more than 500 employees will join Redknee, further broadening its global reach.

Redknee’s acquisition of Orga Systems marks a milestone in the execution of the Company’s long-term growth strategy by increasing its market share. Orga Systems’ product suite addresses the need for innovative monetization solutions for telco and non-telco customers. When integrated with Redknee’s real-time charging, policy, billing and customer care platform, the combined product suite will enable Redknee to accelerate and expand its reach into the growing market for IoT monetization.

Since 1994, Orga Systems delivers pre-paid solutions and has developed to a leading software vendor for real-time charging and billing solutions. With offices in Germany, Argentina, Brazil, India, Italy, Turkey and the Ukraine, the company has a strong global footprint catering its solutions to international clients. Orga Systems employs more than 500 people worldwide with currently c. 180 employees in its Paderborn headquarter. In 2014, the company generated sales of more than EUR 60m.

Redknee Solutions Inc., founded in 1999 and led by Lukas Skoczkowski, is a Toronto-based provider of innovative software products, solutions and services. Its focus lays on real-time monetization software delivering pre-integrated billing and customer care solutions catering to over 200 customers in more than 90 countries. Since 2007, Redknee Solutions Inc. is listed on the Canadian stock exchange with a current market capitalization of USD 500m having generated sales of USD 241m in the last twelve months.

Dr. Kebekus et Zimmermann was founded on January 01, 2001, when Attorney and insolvency law specialist Dr. Frank Kebekus and Attorney Ralf Zimmermann formed a partnership in Düsseldorf. The original location in Düsseldorf has now been joined by offices in Aachen, Dortmund, Bochum, Frankfurt and Berlin. We act exclusively in the field of commercial law, with an emphasis on insolvency and restructuring. One of the main emphases of the firm’s work is on supporting complex corporate restructuring processes. This applies in particular to international concerns.