Lumine Group Acquires Kansys Inc
Lumine Group, a division of Volaris Group focused in the communications and media industry, announced that it has completed the acquisition of Kansys Inc, a provider of complex billing solutions, event intelligence, and mediation software for communication service providers and tier 1 enterprise corporations. Its Edge suite includes capabilities for quoting, agreement revenue, collections, and usage-based rating. Kansys is Lumine’s 22nd acquisition, further establishing Lumine’s position as a leading global acquirer of communications and media software businesses.
Founded in 1997 in Kansas City, USA, Kansys began as a system integrator (SI) focusing on billing solutions through business support systems integration. Over time, the company expanded its competency to include software and application development related to billing. In 2000, the business launched its own revenue management suite of products, which included mediation. By 2019, Kansys had established itself as a supplier of mission-critical billing across customers in North America, the Caribbean, Europe, and South America, with its newly branded Edge Cloud based Billing Software.
“We are excited to add Kansys and its Edge suite of products to complement our existing businesses while providing further mission-critical and high value capabilities to our global tier 1 ecosystem of customers and partners,” said Tony Garcia, Subscription Management Group Leader, Lumine Group.
“After building up our capabilities and brand over the past 20 years, joining Lumine’s global ecosystem of communications and media businesses provides a unique opportunity to rise to the next level,” said Joe Simmons, President of Kansys. “In addition, it was important that we selected a partner who understood our business and our markets. We have spent a considerable amount of time getting to know the Lumine folks and have become very comfortable with their approach, flexibility, and goals. I have no doubt we have found the right long-term partner for Kansys and am very excited about our future”.
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