Sobha Renaissance to acquire the OSI NETeXPERT Business from
Bangalore 11 April 2007: Sobha Renaissance Information Technology (SRIT) today announced a definitive agreement to acquire Objective Systems Integrators, Inc.(OSI) - a global supplier of Telecom Operations Support Systems (OSS) - from Agilent Technologies, a Fortune 500 American corporation. The key factor influencing the decision is the strategic fit with its Telecom BSS business. This is SRIT’s second acquisition in the Telecom space in a span of the last one year. It acquired Billing Components AG, a 12 year old German Telecom Business Support Systems (BSS) company some eleven months ago.
